Page 42 - 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

another type of product which differs from the product that had previously received an industrial design or model.

Worker's Retirement and Social Pension Organization
All companies must register with the Ministry of Labor Worker's Retirement (WR) and Social Pension Organization (SPO)

before beginning any activities. Companies must deposit funds equal to three months' estimated social security deductions for all

employees. Investors will then be given a receipt voucher from the Ministry certifying the payment as well as there being a social
security number issued to the company.

Generally, this first step requires at least a week. Social Security deductions equal to 17% of an employee's wages shall be paid
quarterly. Employers are responsible for 12%, with the remaining 5% paid by the employee. Payments should be made by

employers to the WR and SPO by certified check. Please visit www.molsa.gov.iq for more information.

Customs Tariff Law No. 22 for the year 2010

The new customs tariff law as ratified by the Iraqi Council of Representatives on 12-1-2010 regulates the percentages of the

customs fees on imported goods according to the rates set forth in the tariff tables of customs duties and agricultural calendar
attached thereto. Iraq's customs system relies upon the Harmonized System-HS coding.

Other related laws

Industrial investment law for private and mixed sectors No. 20 for the year 1998.

Industrial Development Act No. 164 of 1964
Banking Act No. 94 of 2004

Agrarian Reform Law No. 117 of 1970

www.investpromo.gov.iq 40