According to Public Relations and International Affairs of Qeshm Free Zone Organization, NaserAddin Gerami, at the third meeting of the Qeshm High Monetary and Banking Council with the presence of Deputy General Director and Director of Tax Inspectorate of Qeshm and heads of bank branches located on the island, was held at Qeshm International Incubator, said: There are 56 bank branches and 24 banks on the island, which can help identify the successful investment parts of the area.
He pointed to the need for infrastructure formation based on the four axes of economic development of the island, including oil and energy, tourism, small and medium industries, fisheries, and agriculture, and said: The design of the future of investment and the attraction of banking facilities in these parts is beneficial to the flourishing and growth of the island.
He commented on the necessary interactions, in line with the law of the Qeshm Free Zone Organization and the banks, adding: Given that the financial resources generated by the island's economic activity are moving in the monetary cycle of the banks, this information will play a valuable role in planning and prioritizing various sectors of the economy in determining the strategy of developing Qeshm free zone.
Gerami emphasized to the regular holding of these meetings on Tuesdays of the first week of each month and continued: In these meetings, through the exchange of information between the Qeshm Free Zone Organization and banks, the investment axes and approved projects that are in line with the policies of this organization, are provided to banks, and by focusing on providing facilities on this Items, the return certainty factor for investors increases.
He also emphasized the necessity of pursuing the promotion of the level of branches located in the Qeshm free zone through banks, and stated: Qeshm Free Zone Organization, banks and economic activists, are three sides of the development of this region, which will bring great economic success in coordination and interaction.
Subsequent to this meeting, the Deputy Director General and Director of Tax Inspectorate Qeshm provided explanations about the legal requirements and the manner in which the economic activists were made aware of the tax exemptions; and outlined the coordination necessary for the proper conduct of economic activists to obtain tax deductions.
It is worth mentioning that the third meeting of the Bank's High Council, with the presence of the Investment Promotion Director and Marketing, and the Director of Industry, Mine, and Facilitation of the Production of Qeshm Free Zone Organization, the Deputy General Director, and the Director of Qeshm Tax Inspectorate, and the Managers of the Island'sBanks, Saturday, May 28, was held at Qeshm International Incubator.