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