Engage in Iran

Iranian Flag
Currency
The currency in Iran is the Iranian rial (IRR). The currency symbol is ﷼‎ .
Population
As of April 2023, the estimated population of Iran is approximately 88.5 million people.
Capital City
Tehran
Tehran,Iran,Famous view of Tehran,Flow of traffic inside, above and nearby round Tohid Tunnel with Milad Tower and Alborz Mountains


Overview

Iran, officially known as the Islamic Republic of Iran, is a country located in Western Asia. It shares borders with several countries, including Iraq, Turkey, Armenia, Azerbaijan, Turkmenistan, Afghanistan, and Pakistan. Historically, Iran has a rich cultural heritage dating back thousands of years. It contributes to art, literature, philosophy, and science. Persian, also known as Farsi, is the official language of Iran. Tehran is Iran’s capital and largest city, serving as the country’s political, cultural, and economic center. Other major cities include Mashhad, Isfahan, and Shiraz. Iran is known for its vast and diverse geography, consisting of deserts, mountains, forests, and coastlines along the Caspian Sea and the Persian Gulf. Mount Damavand, standing at 5,610 meters (18,406 feet), is the highest peak in Iran.

The Iranian economy is primarily based on oil and gas exports, making it one of the largest oil producers in the world. However, the country has also tried diversifying its economy into other sectors, such as manufacturing, agriculture, and services. Companies may require an Employer of Record (EOR) in Iran to navigate the unique business environment and meet legal and compliance requirements when expanding their operations or hiring employees. Engaging an Employer of Record in Iran enables businesses to efficiently fulfill their legal obligations, ensure compliance, and navigate the complexities of the local employment landscape, allowing them to expand and operate smoothly in the Iranian market.

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