Page 5 - Microsoft Word - The Investment Law No amended.docx

D. It may extend the mandate of the Chairman and his deputy at the end of the period specified in
paragraph (a) of this item for once, and no more than sixty days from the date of the end of the
mandate.
E. The Council of Ministers has the right to depose the Chairman of the National Investment
Commission and his deputy upon request from the Prime Minister, for due cause, and with a
parliamentary approval.
F. The Council of Ministers has the right to depose any of the other members of the National
Investment Commission or replace them, in the event they fail to adhere to the standards and
bylaws of the Commission.
G. The Commission Board of Directors shall meet at the invitation of its President. A quorum shall
be established and decisions and recommendations shall be made by an absolute majority vote, and
the workflow shall be organized by the bylaws issued by the Commission.
H. The National Investment Commission shall report to the Prime Minister.
I. The salary and benefit structure of the Commission personnel shall be set based on a proposal by
the Chairman of the National Investment Commission, and by a decision of the Prime Minister.
Fourth A- The National Investment Commission consist of the following Departments and
Sections:
• Administration and Financial Department
• Legal Department
• Economic and Technical Department
• Relations and Media Department
• One Stop Shop and Investors Services Department
• Coordination with the Provinces Section
• Control and Internal Audit
• Information Technology Section
• Contracts Section
• Security Permits Section
• Chairman Office Section
B- Chairman of the National Investment Commission has the right to create Sections according to
need and necessity, which are to be approved by Board of Directors of the Commission, and their
functions are to be defined in accordance with rules of procedures of the Commission.
Fifth. The Headquarters of the Commission shall be in Baghdad. The Commission, has the right to
appoint its representatives in the Regions and Provinces.
Sixth. The National Investment Commission shall establish a general national strategic policy for
investment, and will determine the priority sectors. And will develop the investment projects map
in Iraq in light of the information obtained from the Region and Province Investment Commission.
It will also prepare lists of investment opportunities in the strategic and federal investment projects
with preliminary information about these projects and providing it to those interested in investment.

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