[Investment] Exporting 1Million To Iran - Lots of Questions?

Iran has a huge need in housing. The culture is extremely young and has a lot of newly weds and also amazing numbers in the teens and higher.There isn't much capital in Iran for the private parties to work actively. So the only a few that are out there, are building low quality work and selling them 10 times the price of cost. I'm Persian myself, and I know exactly of the workman shift that goes into these houses and how they are being charged. An ok apartment is around 20K and a very nice one around 30K.

Iran's Econ:
Also if you aren't in the loop, the value of dollar is extremely rich in Iran. Example would be, people's monthly income is in the 100s. So if you make $150 a month you are doing good. So with that, land is pretty cheap for us who make US type income. Having been playing with some numbers, some business loan packages look extremely attractive. With 700K in usa, you can barely buy land in Northern Va, not to mention build 1 unit of single house.

With 700K, I can easily make 1-3 sky rises in Iran, depending on apartment sizes and if it will be in penthouse format or not. Also as mentioned about the needs, units are sold pre build. So the profit will be there. The only problem is:

1. How hard is transferring 1Million to Iran?
*Fees
*Transport
*Conversion

2. Tax Rate on incoming Initial + Profit to USA?
*Import Fees
*Converting Rial to USD

Anyone has done anything like this?

 

This sort of post goes in the business & investments forum - not off topic. You need to subscribe to at least silver to be able to participate in that forum.

 

Oh my bad!

 

interesting, but personally I wouldnt f*ck with Iran... and yeah subscribe, its the good life

 

Agreed.

 

It is illegal for US citizens to invest money in Iran as well as other countries that are not allies with the US (such as North Korea).

 

AAA damn it That's what I thought! I knew there was some sort of rule like this. Wow, this was such an amazing opportunity.

 

Seems funny you'd ask an internet forum something like this...don't you have an accountant if you've got that kinda cash?

Fishy fishy.

 

More details on that Executive Order: http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=1997_register&docid=fr21au97-142.pdf

 

Just a thought for now. Nothing big, imagine if I hired an accountant to tell me samething BMW told me. Also I don't have the cash, I don't know if you read the first post. I was thinking of getting a business loan. BTW Forums are educational resources too, but with live people.

 

They can and WILL screw with you since you are American. I wouldn't bother. ESPECIALLY on a loan. If something bad goes down, Iranian goverment can simply confiscate your property. I am sure there are business opportunities in Sierra Leone too, do you want to go there?
Leave the Iran business to the locals, who know how to navigate the murky waters.

 

It's my guess they'd welcome you with open arms when you're flashing the money around but next thing you know you'd get picked up with them claiming you're a spy or other excuse.(maybe the US would get you?) Probably pretty dicey. There's enough Persian guys in the US with dough so I can't believe others haven't tried this or just figure it isn't worth it. Maybe there's a way?

 

Run it through Canada.

 

Too much political risk...........

 

looks like you got the advice anyway! heh

 

No American bank would give you a loan.


Perhaps a French bank ? lol

 

Naaah risk like this calls for an Israeli bank, with south african support and then profits can help a bunch of freedom fig... oh wait that has been done.

 

Not for me. I don't vote!

 

+1 If you have any connection to the US and they find out, you'll be screwed. As I was looking up that pdf file on US citizens being prohibited to invest in Iran, I found another case that pissed off the Iranians there, lol. Apparently some Irish company that sold Coca Cola syrup to an Iranian bottler is now banned since their profits were being sent to Coca Cola in Atlanta. They didn't want any profits ($150k a year) going from Iran to the US...

I suppose as long as you keep your money there, they'll be happy. I don't see how building can be so profitable if the citizens make only $150 a month. The numbers just don't add up.

 

What if the profits were to be located somewhere else (ie not USA), in lets say another investment. And only then transferred to the US. Still illegal?

 

Illegal in which country? Iran or the US? It's really both. If you're a US Citizen and invest in Iran, the US will be really pissed off at you if they find out. If you take the profits and send them to the US, you're going to piss off Iran. So really no one would be happy.

US Citizens aren't even allowed in Iran. You'd have to have dual citizenship. Let's say you're married to a German and have a German passport, you could go to Iran since Germany is somewhat of an ally with Iran (Mercedes is building cars there).

I'm sure this idea the OP presents isn't new and either has been done before or is done right now. You could get around tax laws in the US and say you got the money elsewhere. If they find out you lied and it came from Iran, well, I guess you wouldn't be in the best of situations.

 

My dad has a Honda accord which he purchased around 21K. He financed the whole thing back in 2002 and has been paying around 220 dollars monthly. God bless early year interest rates. This is a 5 year loan.

So, we said citizen makes 150 dollars. Very well. Now we said units are being sold at 20K in Iran. So if they financed the house through the bank, they would had to pay around 210 dollars monthly for 5 year loan. But keep in mind, house loans are 30-50 years depending on the packages you get. So even if we use the lowest one, 30 year. 30 * 12 = 360 Month. 20K / 360 = $56month. 150 - 56 = $94 to spend on necessities (Food, clothes, saving).

Now if you are ready to buy a house, you usually have some sort of down payment. So according to that, your monthly will be even lower.

Also as a builder, you don't really work with individual comes purchase time. Your job is to fund the project, get it working and receive checks from Realtors who have sold your units one by one. The finance and other stuff is the buyer's responsibility and the bank.

 

You're gonna wind up with National Security knocking down your door soon if you keep this up

 

What do you guys think of this idea? I'm currently assmebling a team of experts to hunt down a Leprechaun and steal his Pot O' Gold. I don't have the money to hire the team yet. I'm going to get a business loan and talk to an accountant to see what the numbers might come out like. Learn about what tax laws might be involved in such an operation. We figured the Leprechauns probably got the gold 100's of years ago for like $20K. So today it could be worth $$$$$$$

What do you guys think? It's just an idea right now. Do Leprechauns still stash them at the bottom of rainbows, or do they hide it elsewhere nowdays? All this info is crutial to building my team.

 

Wow...i had never see the spelling of Leprechaun until this day...