Iraq

Company Formation in Iraq

Country Overview

Iraq is one of the Middle East’s most resource-rich nations, with immense potential in energy, construction, logistics, and agriculture. The country’s Investment Law No. 13 of 2006 provides strong legal protection for foreign investors, allowing 100% foreign ownership and full repatriation of profits. Iraq’s strategic location offers direct access to the Gulf, Turkey, and Jordanian trade routes.

Advantages and disadvantages of Incorporating in Iraq:

  1. 100% foreign ownership allowed under the Investment Law.
  2. Access to large public sector and energy projects.
  3. Free profit repatriation and investment guarantees.
  4. Growing demand for infrastructure and manufacturing
  5. Strategic location for regional logistics
  1. Bureaucracy and security considerations in some regions.
  2. Arabic documentation required for all filings.
  3. Limited access to international banking facilities.

Step-by-Step LLC Incorporation Process in Iraq

  1. Reserve company name at the Companies Registration Department (CRD).
  2. Prepare Articles of Association in Arabic and notarize.
  3. Deposit minimum capital (typically IQD 1 million).
  4. Submit application with shareholders’ documents to the CRD.
  5. Obtain Certificate of Incorporation.
  6. Register for taxes and Chamber of Commerce membership.
  7. Apply for sector-specific licenses if required.
  8. Open a corporate bank account.
  9. Start business operations.

Estimated timelines:

Company incorporation: 8–16 weeks
Bank account opening: 6–12 weeks.

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    Clarence S. Carlos

    Regional Cordinator

    Clarence is our regional cordinator and head of business setup secretariat.

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