Page 4 - 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
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Investor Guide to Iraq 2021
Any Qualified Investment Project will enjoy the following privileges and guarantees:
• Exemption from taxes and fees for a period of 10 years from the date of commencement of commercial operations.
• An increase of up to 15 years in the duration of the period of exemption from taxes and fees, where the participation of Iraqi
investors increases to reach more than 50%,.
• Hiring of foreign workers side by side with the local ones.
• 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.
• Ensuring the non-confiscation or nationalization of the investment project, either in whole or in part, covered by the provisions
of the investment law.
• Foreign investors enjoy additional benefits under international bilateral agreements between Iraq and their countries or
multilateral international agreements that Iraq has joined.
www.investpromo.gov.iq 2
