QFTZ and Expats Discuss Offshore Banking Plans

Qeshm Free Trade Zone (QFTZ) is in talks with two groups of investors wanting to establish offshore banks, the caretaker of the zone said. 
"Iranian expats have shown interest in starting offshore financial institutions...they have similar institutions in other countries. There are rules and restrictions for offshore banking which need to be reviewed by the Central Bank of Iran," Afshar Fathollahi was quoted as saying by ILNA. 
Fathollahi said getting government approval is the most challenging part of the process.