It is legal and possible, under certain conditions, for US companies to export to Iran without being subject to the sanctions. Among others : Coca-Cola and Pepsi are the top seller brands of soda in Iran, Procter&Gamble are there as well and Kellogs just restarted exporting to Iran. The most difficult task will be to convince your CFO and your legal counsel, and it all comes down to the balance between potential turnover and reputational risk.
In a nutshell, the rules are:
- Goods not subject to an export license (F&B, pharmaceuticals,…)
- No more than 10% of the content produced in the US
- No US citizen involved in the transaction
- Transaction currency cannot be the USD
- Iranian party not on OFAC list
So you need to have already sales offices and manufacturing facilities outside the US to capture opportunities in Iran and its market of 80 million consumers.
If you do, you can talk to us : the company is not incorporated in Iran, no Iranian citizens will be involved in our talks and we have experience working for US companies. Clear it first with your legal counsel for you to be on the safe side, then let’s discuss!
We will research the feasibility and the best options for your market entry and prepare plans for when you receive the green light to hit the ground!
Ask for an offer