This insurance policy covers the principal plus interest or incomes from overseas medium and long-term qualified investments and investment projects of Iranian investors which are implemented with the aim of developing non-oil exports of goods and services from Iran. Also, the revenues and incomes resulting from the implementation of such projects for the investors are insured against political risks only with a maximum claims payment of 95% of the value of the investment or its income cash flows.
Who might apply?
All Iranian overseas investors whose investment projects meet the following requirements:
• The investment project which would continue for at least three years;
• Investments that have at least 50% of Iranian content (as minimum national content) in their resources or investments which enjoy more than half of the management board of directors of the SPV (Project Company) or more than half of the proceeds or shares from the project is for the Iranian party;
• Investment projects implemented in the countries covered by the fund;
• Overseas projects aiming at achieving the goals of the development of the export of goods and services from Iran;
• Investments that comply with the conditions of the fund regarding the environment, the workforce and the absence of financial corruption and international financial regulations regarding money laundering and anti-terrorist financing;
• Investments based on an acceptable and strong initial feasibility of the project which is economically and financially viable.
Political risks under cover:
• War and civil disturbances leading to force majeure conditions in the host country
• Expropriation, confiscation of property, nationalization and any similar government actions
• Foreign exchange inconvertibility and transfer risk
• Political Breach of contract by the host country’s government