Iran was ranked 130 out of 189 economies by the World Bank in its new Doing Business report, two positions higher than last year. The report measures regulations affecting 11 areas of the life of a business. Iran ranked 62 for starting a business, 89 for acquiring credit and 172 for obtaining a construction permit. The following are excerpts from the report.
Starting a businessThe Islamic Republic of Iran made starting a business easier by stream-lining the name reservation and company registration procedures.The Islamic Republic of Iran combined name reservation with company registration at a single window.
Getting electricity
The Islamic Republic of Iran made getting electricity easier by eliminating the need for customers to obtain an excavation permit for electricity connection works.
Difficulty of hiring | |
Fixed-term contracts prohibited for permanent tasks? | No |
Maximum length of fixed-term contracts (months) | No limit |
Minimum wage for a full-time worker (US$/month) | 466.63 |
Ratio of minimum wage to value added per worker | .69 |
Rigidity of hours | |
50-hour workweek allowed? | Yes |
Maximum working days per week | 6.0 |
Premium for night work (% of hourly pay) | 35 |
Premium for work on weekly rest day (% of hourly pay) | 40 |
Major restrictions on night work? | No |
Major restrictions on night work? | No |
Paid annual leave (working days) | 24 |
Difficulty of redundancy | |
Maximum length of probationary period (months) | 1.0 |
Dismissal due to redundancy allowed by law? | Yes |
Third-party notification if worker is dismissed? | Yes |
Third-party approval if worker is dismissed? | Yes |
Third-party notification if workers are dismissed? | Yes |
Third-party approval if workers are dismissed? | Yes |
Retraining or reassignment? | No |
Priority rules for redundancies? | No |
Priority rules for reemployment? | No |
Redundancy Cost | |
Notice period for redundancy dismissal (weeks of salary) | 0 |
Severance pay for redundancy dismissal (weeks of salary) | 23.1 |
Research questions | |
Unemployment protection scheme? | Yes |
Health insurance for permanent employees? | Yes |
Click here for the full report.