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registered at the office of the head of the National Commission of Investment.
C- If the National Commission of Investment refused the investment license request submitted

to it, then the requester can ask the Commission to reconsider its decision within (15) fifteen
days from the date the requester was notified of the refusal decision. The Commission has to
make a decision about the reconsideration plea within (7) seven days from the date it was
registered at the office of the commission head. The commission’s decision can be objected
to at the Council of Ministers within (15) fifteen days from the date of its notification.
D- In case the Commission which grants the investment license withdraws it for any reason, the
investor can appeal before the Head of the concerned Commission within (15) Fifteen days from
the date of registration the appeal, the Head of the Commission should take his decision within
(15) Fifteen days from the date of complaint registration, the lack of response during this period
considered as a rejection to the Complaint.
E- The appellant who his complaint has been rejected as a judgment or lack of response can
complain before the Chairman of the National Investment Commission within (15) Fifteen days
from the date of notification, and the Chairman should take his decision within (15) Fifteen days
from the date of complaint registration at his office.
F- If the appeal rejected, or the period stipulated in item (E) has passed without considering the
complaint, Investor(s) may appeal before the jurisdiction courts.

Chapter Seven

General Provisions
Article 21
The project capital subject to the provisions of this law shall be made up of the following:
First: Cash transferred to Iraq through financial banks and companies or any other legal means
with the aim of investing it for the purposes of this law.
Second: The in-kind assets and incorporeal rights imported to Iraq or purchased from the local
markets by the cash transferred into Iraq:
A. In-kind assets related to the project.
B. The machinery, tools, equipment, buildings, constructions, transportation means, furniture

and offices appliances required for establishing the project.
C. The incorporeal rights that include patents, registered trademarks, technical know-how,

engineering services, administrative and marketing services and the similar.
Third: Profits, proceeds and reserves resulting from the capital invested in Iraq in the project if
the capital of such a project was increased or was invested in another project covered by the
provisions of this law.

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