Crowdfunding opens its way in the Iranian capital market. Iran Farabourse, over-the-counter market, has announced the regulations for startups wishing to attract investments through its crowdfunding platform.
Although Farabourse will supervise the funding procedures, however, it says the process is considerably less bureaucratic and therefore accessible to smaller startups as well.
Funds can be requested by individuals only and the maximum investment for each idea can reach 20 billion rials (200.000 USD). The founder must provide 10% of this fund upon registration.
Private investors can contribute to a maximum of 5% of the capital requested. However, for institutional investors there is no limit and they can even purchase all the amount at once.