Page 26 - of Khadrun’, and that Mark said about the lineage of Jesus son of ‎Mary that he was 'The word of God which He placed in the human ‎body, so it became human’, and that Luke said, 'Jesus son of Mary ‎and his mother were humans of flesh and blood, so the Ho

Investor Guide to Iraq 2021

10- The new amendment granted exemptions from taxes and fees for licensed investment projects for 10 years starting
from the date of operation for each phase of the project phases not to include customs exceptions, while it allowed tax
and customs exemptions for the imported assets providing being imported within the construction phases before
commencing commercial operation for each phase and according to the fundamental design of the project and the
implementation timetable as the law previously exempted the imported assets for three years starting for the date of
obtaining the investment license.
The new amendment also exempted housing investment projects from land screening fees, estate registration fees
including the fees of transferring housing units’ ownership to people.
The new amendment included taxes and customs exemptions granted for environment friendly preliminary materials
imported for the purpose of the commercial operation of the national nutrition basket materials, medicines and
construction materials and according to the percentage of the local materials contribution in manufacturing .

11- The new amendment included granting broad authorities for the One Stop shop dept. to submit appropriate
recommendations to the Chairman to grant investment licenses.

12- providing an investor ID for each investor after obtaining investment license according to which he/she can have all
privileges granted by the law

13- The new amendment included a new article regarding the investor’s right to appeal in case of investment license
withdrawal.

14- Public – private partnerships are also covered by the provisions of this law.

www.investpromo.gov.iq 24