Page 29 - 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

- Forming a committee within the National Investment Commission and under its chairmanship, in order to estimate the
value of state owned land and real estate for investment purposes, the value of which is no more than U.S. $250 million.
- Forming a committee in each provincial investment commission under the presidency of the Chairman of each PIC in
order to estimate the value of the state owned land and real estate for investment purposes, the value of which is no more
than U.S. $250 million.
- The National Investment Commission specifies the land required to implement multi-purpose urban residential cities.
- The National Investment Commission leases the lands required for the implementation of commercial, industrial,
agricultural, service, recreational and other investment projects.
- The land lease is due from the date the commercial project starts operating.

Investor Commitments
The Commission grants an investment license based on the application submitted to it by the investor according to straight-
forward terms prepared by the Commission. The application submitted by the investor includes the following:
- Completed license application form available on the NIC website.
- Foreign investors must include a certificate of good standing, from a certified bank.
- Investors may include a list of projects completed both inside and outside Iraq.
- Investors must provide details of the investment project, including an economic and technical feasibility study.
- Investors must provide a timetable for executing the project.

Investment License Granting Services
Currently, the One Stop Shop department helps potential investors obtain investment licenses, and the assistance is expanded
to include:

• Potential projects:
Coordination with relevant offices in the National Investment Commission and the relevant authorities to create a list of
investment opportunities for strategic projects as well as small and medium ones.

• Logistical Support:
Supporting investors through:
www.investpromo.gov.iq 27