The re-opening of the Iranian market presents much opportunity
News of the relaxing of nuclear-related sanctions against Iran has been met with significant interest from the business community. Firms from a range of sectors have announced their intentions to enter the Iranian market, and several European trade delegations are expected to visit Tehran in the coming weeks.
The re-opening of the Iranian market presents much opportunity, especially for the Oil & Gas sector, but also continues to pose significant risk. Third-party and reputational risks from politically exposed and sanctioned individuals will be high, and due diligence on business opportunities will be essential.
© 2020 KPMG LLP, a UK limited liability partnership, and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.