Iran is the second largest economy in the Middle East and North Africa (MENA) region after Saudi Arabia, with an estimated Gross Domestic Product (GDP) of USD 366 billion in 2013-14. It also has the second largest population of the region after Egypt, with an estimated 77.3 million individuals in 2013. It is the world's seventeenth largest by purchasing power parity (PPP)and twenty-first by nominal gross domestic product( GDP).
Consumption habits in Iran are changing fast. Local consumers increasingly desire higher quality products, tailored to their needs, and they want these products to be available year round. Driven by these demand forces, the fast moving consumer goods (FMCG) sphere in Iran is transforming itself through the heavy investment of multinationals and interaction with the slowly changing retail landscape. Awareness of FMCG products among the young Iranian population continued to grow as a result of better availability of these products and advertising campaigns by key suppliers.
Islamic Republic of Iran requires each importer of beauty and health care related products to register the brand, supplier and the manufacturer in the Ministry of Commerce (MOC) and Ministry of Health (MOH) of Iran prior to importing any products to the country.
The first step for registration process is to register the brand name of the supplier in the Ministry of Commerce of Iran. In order to do so, the agent of the supplier requires submitting a true copy of the “Exclusive Distributorship Agreement” between the two companies to MOC. This document should be signed and approved by the Ministry of Commerce or Chamber of Commerce and the Embassy of Iran in the Supplier’s origin country.
After registering the Supplier’s Name and Brand in MOC, the Distributor in Iran has to apply for registering the manufacturing plants of the products in Ministry of Health of Iran. MOH requires a list of documents that has to be gathered by the Supplier and submitted by the Distributor in order to register the manufacturer plant prior to registration of the products.
Each product that needs to be imported to Iran requires an IRC Code. This IRC code is a unique code for each and every product. In order to obtain the IRC Code, the distributor has to register each product in MOH.
MGTD covers over 80% of the existing 9,500 pharmacies and 90,000 supermarkets across the country
The Office of Foreign Assets Control (OFAC) is an agency of the United States Department of the Treasury under the auspices of the Under Secretary of the Treasury for Terrorism and Financial Intelligence. OFAC administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals against targeted foreign states, organizations, and individuals.
Any American supplier that owns a manufacturing plant in USA should apply for an OFAC License prior to start any other procedure. Office of Foreign Asset Control (OFAC) is an agency of the United States Department of the Treasury. OFAC administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals against targeted foreign states, organizations, and individuals.
If your company is a US based company but your products are manufactured outside USA, there is no need to apply for an OFAC license to Export your products to Iran.