Page 37 - 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

1. Iraq's geographic location:

Iraq occupies a strategic intermediary location between countries. It is in proximity to global markets and overlooks the Arabian
Gulf, making it geographically an important nexus of international trade lines between the Near East and the Western world.

Also, Iraq is linked to land, sea and air networks, including railways.

2. Permitted activities in the free zones:
The law has permitted all industrial, commercial and services activities to be exercised in the free zones except for prohibited

ones such as industries that pollute the environment, involve toxic materials or those harmful to public health, as well as

counterfeit coins, paper and minted money, printed or embossed books, pamphlets and recorded tapes or anything that is
improper or unacceptable to public morality.

3. Mechanism and operational procedures in Iraqi free zones:

The mechanisms and work procedures in the three free zones hinge upon the commission leasing land and buildings to investors
(individuals or companies), whether Iraqi, Arabic or foreign, in order to set up industrial, commercial or service projects
according to investment contracts signed by the commission and investor. The period of contract with the investor depends on the

type of the project.

Privileges granted to investors:
- Exemption of capital, profits and revenues resulting from the investment of all taxes and fees over the life of the project,

including the establishment and construction of the project.

- Exempting the wages of foreign workers from taxes and allowing the transfer of their income outside Iraq. As for Iraqi workers,
50 % of their wages are exempt from income tax.

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