Entrepreneur Alert: Iran Open for Business?

If sanctions are lifted, business will go back to normal in Iran.  It will take a year, but if this deal goes through, carpets that will exported again.  This is a half a billion dollar business.  In the past, even if you could figure out how to export, the importer could not find a bank to take your money.  SWIFT, the international money transfer system, could not deal with money to or from Iran.  Practically speaking, transactions have to become routine.

The prospect of doing business in America are tantalizing.

Iran experienced its worse period from 2010 to 2012.  Inflation went through the roof to 40 percent.  Unemployment to 14 percent.

Sanctions limited trade significantly.  From medicine to laptaps, you could buy these goods through smuggling. The prices were exorbitant.

Oil revenues were cut.  Shipping companies could not bring goods into ports.

Businesses are lining up to get into Iran, the biggest untapped market currently.

Iran Opens