Iraqi Policy Updates for Foreign Companies

Iraqi Policy Updates for Foreign Companies Your source for timely insights on Iraqi policies affecting foreign businesses and companies.

Documents Required for Issuing Work Permits to Foreign Labor
18/07/2024

Documents Required for Issuing Work Permits to Foreign Labor

In the sixth session convened on June 27, 2024, the Board of Monitoring and Auditing and Profession has decided that add...
03/07/2024

In the sixth session convened on June 27, 2024, the Board of Monitoring and Auditing and Profession has decided that additional copies shall be exclusively withdrawn from the Board's system upon request by the company owner and supported by the Auditor, against a amount of (100,000) dinars. This decision shall take effect as of the aforementioned date.

Referring to Diwani (Administrative) Order bearing No. (24287) issued under number (2407242) dated March 2, 2024, regard...
28/03/2024

Referring to Diwani (Administrative) Order bearing No. (24287) issued under number (2407242) dated March 2, 2024, regarding formation of the higher committee to follow-up the ex*****on of tax reform process;
Attached herewith a photocopy of said committee’s minute, which includes the first package of the procedures that shall be adopted by General Commission for Taxes to apply the decision of Council of Minister pertaining to the tax reform No. (24074) dated February 5, 2024.

In order to facilitate company procedures and alleviate the strain caused by the large influx of applicants at the Compa...
22/02/2024

In order to facilitate company procedures and alleviate the strain caused by the large influx of applicants at the Companies Registration Directorate, a formation affiliated to this ministry,
we kindly ask you not to require companies to renew the authentication of their documents unless a year has elapsed as of the issuance thereof. This procedure is required to mitigate the high volume of applicants that attend at the beginning of every year, observing our circular No. M./914 of February 7, 2024, which states the mechanism for querying about companies and the daily newsletter.

The Companies Registration Directorate, a formation of this ministry, hereby invites you to adopt the companies’ query w...
22/02/2024

The Companies Registration Directorate, a formation of this ministry, hereby invites you to adopt the companies’ query window for the incorporated companies registered with the said Directorate, as an accredited source for verifying the existence of legal bodies you desire to deal with. Furthermore, to adopt the daily newsletter window on the updated regularly website (https://tasjeel.mot.gov.iq), which includes the authentication of issuance for incorporation and registration certificates, whether the company exists or not.

Notice,To all Iraqis and foreign companies,Kindly expedite the implementation of article (A/Sixth/7) of the Federal Gene...
08/01/2024

Notice,
To all Iraqis and foreign companies,
Kindly expedite the implementation of article (A/Sixth/7) of the Federal General Budget law No. (13) of 2023, which demands the utilization of Iraq (IQ) domain and opening postal boxes from the General Postal and saving Company as a requirement of your companies.

Deadline Extension for Company Registration in Kurdistan RegionKurdistan Region, Pursuant to the recent Circular Letter ...
29/12/2023

Deadline Extension for Company Registration in Kurdistan Region

Kurdistan Region, Pursuant to the recent Circular Letter issued by the Central Bank of Iraq/Directorate of Investments and Foreign Transfers on December 25, 2023, the new deadline for company registrations on the electronic platform is now extended until June 30, 2024. This decision aims to provide companies with additional time to complete the necessary procedures.

In response to numerous requests from various companies, the Iraqi Ministry of Finance has issued a Circular Letter exte...
21/12/2023

In response to numerous requests from various companies, the Iraqi Ministry of Finance has issued a Circular Letter extending the deadline for the submission of financial statements. This decision aims to facilitate companies in providing accurate and timely financial documentation, considering the current economic challenges faced by the Iraqi economy.

Dear Companies in Iraq, In an official statement, the Iraqi Ministry of Trade emphasized the importance of complying wit...
21/12/2023

Dear Companies in Iraq,
In an official statement, the Iraqi Ministry of Trade emphasized the importance of complying with the Commercial Agency Regulation Law No. 79, issued in 2017.

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