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Investment Law No.13 of 2006 as amended with Law No.2 of 2010 and Law No.50 of 2015.

Country/Territory
Iraq
Document type
Legislation
Date
2006 (2015)
Source
FAO, FAOLEX
Subject
General
Keyword
Framework law Business/industry/corporations Authorization/permit Institution
Geographical area
Asia, Middle East, Near East and North Africa, Persian Gulf, Western Asia
Entry into force notes
This Law enters into force on the date of its publication in the Official Gazette.
Abstract

This Law consisting of 37 articles aims to (i) promote investment and transfer modern technologies in order to contribute to the process of developing and enhancing Iraq, and expanding and diversifying its production and service base; (ii) encourage the Iraqi and foreign private sector to invest in Iraq by providing the required facilities for establishing investment projects and enhancing its competitive capacities in the local and foreign markets; and (iii) develop human resources based on market demands and provide work opportunities; (iv) protect the rights and properties of investors.; and (v) expand exports and improve the balance of payments and the balance of trade of Iraq. To realize these objectives the following will be adopted (i) grant projects covered by the provisions of this law the necessary privileges and guarantees for its continuation and development by providing support in a way that enhances the competitive capacities of these projects in the local and foreign markets; and (ii) grant projects that obtained an investment license from the Commission (meaning the National Investment Commission, or the Region Commission, or the Province Commission as applicable) additional facilities and exemptions from taxes and fees.

Full text
English
Website
baghdad.eregulations.org