Starting a business in Iran

Legal Forms of Companies

Limited Liability Company

Number of partners: 2 shareholders minimum
Capital (max/min): No minimum capital required
Shareholders and liability: Partners' liability is limited to the amount contributed

Private Joint Stock Company

Number of partners: 3 shareholders minimum
Capital (max/min): IRR 1 million
Shareholders and liability: Partners' liability is limited to the amount contributed in shares

Public Joint Stock Company

Number of partners: 2 directors and at least 5 shareholders
Capital (max/min): IRR 5 million
Shareholders and liability: Partners' liability is limited to the amount contributed in shares

Sherkat tazamoni is a company (partnership) where liability is collective. Such a company must be indicated by the name of at least one of the partners. "Partnership" must appear in the name.

Number of partners: 2 shareholders minimum.
Capital (max/min): No minimum
Shareholders and liability: Partners' liability is limited to the amount contributed.

Sherkat-e mokhtalet-e-ghair-e sahami is a limited partnership company. It is a company established for trading.

Number of partners: 2 shareholders minimum: 1 or more "general partner" and 1 or more dormant partner.
Capital (max/min): No minimum
Shareholders and liability: A general partner will be responsible for any debt higher than the assets (jointly and severally liable).

a dormant partner is responsible only to the extent of its contribution to the partnership

Business Setup Procedures

Source: Doing Business - Latest available data.