TSE

 The TSE is Iran’s first and largest equity market. Initially launched in February 1967, the TSE listed six companies later on accompanied by other financial instruments such as treasury bonds and certain state-backed certificates.

As of today, the TSE is the pioneer market in Iran with more than 318 well-established companies from 41 diverse industries listed on this exchange. The Act, ratified in November 2005, restructured Iran capital market resulting in the establishment of the SEO as the supervisory body and the TSE as an equity market. The TSE previously known as “Brokers Organization” used to be a non-governmental public organization whose board members were mainly appointed from brokerage firms but since 2006, it has turned into a self-regulatory public joint-stock corporation.

Incentives

The macro-economic policy of Iran has always been to incentivize companies and their commodities to be listed on exchanges. To achieve so, the Iranian authorities have eased and facilitated the act of investment in various ways, one of which is tax relief regulations. The items below are noteworthy in this regard.

·         TSE’s listed companies are eligible to 10% tax relief (the rebate would be doubled if the amount of free-float shares exceeds 20%);

·         IFB’s listed companies are eligible to 5% tax relief (the rebate would be doubled if the amount of free-float shares exceeds 10%);

·         Proceeds of selling commodities on the IME and IRENEX are eligible to 10% tax relief.

Listing

Settlement