The activities of foreign investors are mainly regulated by FIPPA. Although FIPPA entails many of the internationally accepted standards on the protection of foreign investment, it is not well tested and there is no extensive court practice interpreting its application. Therefore, shrewd investors must make well-informed decisions before investing in Iran.

Iran is the eighteenth-largest global economy, with an estimated Gross Domestic Product (GDP) of $387.6 billion in 2015 and the second-largest ( iranian law office) population in the region with

78.8 million people. Nonetheless, Iran is considered to be an upper middle income country.( iranian law office)