Page 11 - Microsoft Word - FINAL COPY - A Legal Guide to Investing in Iraq _12-7-2015_ _6_.docx

of the processes and timetables ‫اﻟﻘﺴﻢ اﻟﺜﺎﻧﻲ – ﯾﻌﺘﺒﺮ ھﺬا اﻟﻘﺴﻢ ﺑﻤﺜﺎﺑﺔ ﻣﻘﺪﻣﺔ‬
applicable to an infrastructure ‫ﻟﺼﯿﺎﻏﺔ اﻟﻌﻘﻮد اﻹﺳﺘﺜﻤﺎرﯾﺔ اﻟﺪوﻟﯿﺔ اﻟﺘﻲ ﺗﺘﻌﻠﻖ‬
investment project, which can be used ‫ ﻛﻤﺎ ﯾﺘﻀﻤﻦ ﺗﻮﺟﯿﮭﺎت ﻟﺼﯿﺎﻏﺔ‬. ‫ﺑﺎﻟﻤﺸﺎرﯾﻊ اﻟﻌﻤﻼﻗﺔ‬
as an example and adapted and varied ‫ ﻓﺎﻟﻜﺜﯿﺮ ﻣﻦ ﻣﺸﺎرﯾﻊ‬.‫ﺗﻠﻚ اﻟﻌﻘﻮد واﻟﺘﻔﺎوض ﺑﺸﺄﻧﮭﺎ‬
as needed for other types of ‫اﻹﺳﺘﺜﻤﺎر ﻓﻲ اﻟﻌﺮاق ﺗﺘﻀﻤﻦ ﻋﻘﺪاً ﺑﯿﻦ ﻣﺴﺘﺜﻤﺮ‬
investments. ‫ واﻟﮭﺪف ﻣﻦ ھﺬه اﻟﺘﻮﺟﯿﮭﺎت ھﻮ‬.‫وﺟﮭﺔ ﺣﻜﻮﻣﯿﺔ‬
‫ﻣﺴﺎﻋﺪة اﻟﻤﺴﺘﺜﻤﺮﯾﻦ ﻋﻠﻰ اﻟﺘﻔﺎوض ﻋﻠﻰ ﺗﻠﻚ اﻟﻌﻘﻮد‬
Section II - This Section provides an
introduction to international investment .‫وﺻﯿﺎﻏﺘﮭﺎ‬
contracts of the type that governs large
investment projects. This Section also ‫اﻟﻘﺴﻢ اﻟﺜﺎﻟﺚ – ﯾﻘﺪم ھﺬا اﻟﻘﺴﻢ ﺷﺮﺣﺎً ﻟﻜﯿﻔﯿﺔ ﺗﺄﺳﯿﺲ‬
provides guidelines for drafting and ‫ﺷﺮﻛﺔ ﻋﺮاﻗﯿﺔ وﻛﯿﻔﯿﺔ اﻟﺤﺼﻮل ﻋﻠﻰ اﻟﺘﺮاﺧﯿﺺ‬
negotiating such contracts. Many, ‫ إﺿﺎﻓﺔ اﻟﻰ‬،‫واﻹﺟﺎزات ﻷﻋﻤﺎل ﺗﺠﺎرﯾﺔ ﻣﻌﯿﻨﺔ‬
although not all, investment projects in ‫ﻣﻠﺨﺺ ﻟﻠﻘﻮاﻧﯿﻦ اﻟﻌﺮاﻗﯿﺔ اﻷﺳﺎﺳﯿﺔ اﻟﻤﺘﻌﻠﻘﺔ ﺑﻌﻤﻠﯿﺔ‬
Iraq will involve a contract between the
investor and a government agency. .‫اﻹﺳﺘﺜﻤﺎر‬
These guidelines are intended to aid
investors in negotiating and preparing ‫اﻟﻘﺴﻢ اﻟﺮاﺑﻊ – ﯾﻘﺪم ھﺬا اﻟﻘﺴﻢ ﻧﻤﻮذﺟﺎً ﻟﻌﻘﺪ‬
such contracts. ‫إﺳﺘﺜﻤﺎري ﺑﯿﻦ ﻣﺴﺘﺜﻤﺮ أﺟﻨﺒﻲ وﺑﯿﻦ اﻟﺤﻜﻮﻣﺔ‬
‫ وﯾﻤﻜﻦ‬.‫اﻟﻌﺮاﻗﯿﺔ ﻟﻤﺸﺮوع ﻣﻦ ﻣﺸﺎرﯾﻊ اﻟﺒﻨﻰ اﻟﺘﺤﺘﯿﺔ‬
Section III – This Section provides a ‫أن ﯾُﻄ ّﻮع وﯾُﻌ ّﺪل ﻟﯿﻨﺎﺳﺐ أﻧﻮاﻋﺎً أﺧﺮى ﻣﻦ ﻋﻘﻮد‬
description of how to create an Iraqi
company and how to obtain permits and .‫اﻹﺳﺘﺜﻤﺎر‬
licenses for a specific business, as well
as a summary of the main Iraqi laws ‫اﻟﻘﺴﻢ اﻟﺨﺎﻣﺲ – ﯾﻘﺪم ھﺬا اﻟﻘﺴﻢ ﺗﻌﻘﯿﺒﺎً ﻷﺣﻜﺎم‬
related to the investment process. .‫ﻣﻨﺘﻘﺎة ﻣﻦ ﻧﻤﻮذج ﻋﻘﺪ اﻹﺳﺘﺜﻤﺎر‬

Section IV – This Section provides a ‫اﻟﻘﺴﻢ اﻟﺴﺎدس – ﯾﻘﺪم ھﺬا اﻟﻘﺴﻢ أﻛﺜﺮ اﻷﺳﺌﻠﺔ‬
sample investment contract between a ‫اﻹﺟﺮاﺋﯿﺔ واﻟﻘﺎﻧﻮﻧﯿﺔ اﻟﺘﻲ ﯾﻄﺮﺣﮭﺎ اﻟﻤﺴﺘﺜﻤﺮون ﻋﻨﺪ‬
foreign investor and the Iraqi
government for an infrastructure .‫ﺗﻔﻜﯿﺮھﻢ ﺑﺎﻹﺳﺘﺜﻤﺎر ﻓﻲ اﻟﻌﺮاق‬
project. This contract can also be
adapted and varied to suit other types of ‫اﻟﻤﻼﺣﻖ – ﯾﺤﺘﻮي ﻋﻠﻰ اﯾﺠﺎز ﻟﻠﺘﻌﺪﯾﻞ اﻟﺜﺎﻧﻲ ﻟﻘﺎﻧﻮن‬
investments. ‫اﻻﺳﺘﺜﻤﺎر و ﻗﺎﺋﻤﺔ ﺑﺎﻟﻘﻮاﻧﯿﻦ اﻟﻌﺮاﻗﯿﺔ ذات اﻟﺼﻠﺔ‬
‫ وﻗﺎﺋﻤﺔ ﺑﺎﻟﻤﺮاﺟﻊ اﻟﻤﺘﻌﻠﻘﺔ‬،‫ﺑﺎﻹﺳﺘﺜﻤﺎر ﻓﻲ اﻟﻌﺮاق‬
Section V – This Section provides a
commentary on select provisions of the .‫ﺑﺎﻹﺳﺘﺜﻤﺎر وﻣﻤﺎرﺳﺔ اﻟﻌﻤﻞ اﻟﺘﺠﺎري ﻓﻲ اﻟﻌﺮاق‬
sample investment contract.
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Section VI (FAQs) – This Section
provides the most frequent procedural
and legal questions asked by investors
when considering investing in Iraq.

Appendices – Summary of Second
Amended National Investment Law, list
of Iraqi laws relevant to investing in
Iraq, and list of resources related to
investing and doing business in Iraq.