Will Iran's New Move to Lure Foreign Investors Work?

Iran recently eased conditions for foreign investors, based on which foreign citizens can reside in the country by bringing sizable investments.
However, a senior private sector representative believes that cumbersome regulations that spoil the doing business climate will largely prevent the move from reaching its desired goal.
In a meeting of the High Council of Economic Coordination on Oct. 2, it was approved that foreign citizens can obtain a residence permit to stay in Iran for five years, if they bring at least $250,000 to the country for the purpose of investment.