Page 129 - Microsoft Word - FINAL COPY - A Legal Guide to Investing in Iraq _12-7-2015_ _6_.docx
P. 129

Litigation in Iraq,” and the diagram set                         ‫واﻟﻤﺨﻄﻂ اﻟﻤﺬﻛﻮر اﻧﻔﺎ ﻓﻲ اﻟﺪﻟﯿﻞ‬
    forth in this Legal Guide.
                                                          ‫ ھﻞ ﯾﻤﻜﻨﻨﻲ أن أﻣﺘﻠﻚ أو أﺳﺘﺄﺟﺮ ﻣﻤﺘﻠﻜﺎت أو‬.18
18. Can I own or lease property/real                  ‫ﻋﻘﺎرات؟ إذا ﻛﺎن ذﻟﻚ ﻣﻤﻜﻨﺎً ﻓﻤﺎ ھﻲ اﻻﻟﯿﺔ ﻟﻠﻘﯿﺎم‬
    estate? If possible, what is the process
    to do so?                                                                                 ‫ﺑﺬﻟﻚ؟‬

Yes, a foreign investor may own land in a             ‫ﻧﻌﻢ ﯾﻤﻜﻦ ﻟﻠﻤﺴﺘﺜﻤﺮ اﻻﺟﻨﺒﻲ أن ﯾﻤﺘﻠﻚ اﻷرض ﻓﻲ‬
residential housing and industrial project.          ‫ أﻣﺎ ﻓﻲ‬.‫اﻟﻤﺸﺎرﯾﻊ اﻻﺳﺘﺜﻤﺎرﯾﺔ اﻟﺴﻜﻨﯿﺔ واﻟﺼﻨﺎﻋﯿﺔ‬
As for other projects, an investor may lease
land for the project for up to 50 years,               ‫ﻏﯿﺮھﺎ ﻣﻦ اﻟﻤﺸﺎرﯾﻊ ﻓﯿﻤﻜﻦ ﻟﻠﻤﺴﺘﺜﻤﺮ أن ﯾﺴﺘﺄﺟﺮ‬
which term may be renewed based on the                 ‫ ﺳﻨﺔ ﻗﺎﺑﻠﺔ‬50 ‫أرض اﻟﻤﺸﺮوع ﻟﻤﺪة ﻗﺪ ﺗﺼﻞ اﻟﻰ‬
nature of the project and its feasibility.               ‫ﻟﻠﺘﺠﺪﯾﺪ ﺑﻤﻮاﻓﻘﺔ اﻟﮭﯿﺌﺔ وﺣﺴﺐ طﺒﯿﻌﺔ اﻟﻤﺸﺮوع‬

See “Owning and Leasing Land” in Section                                    .‫واﻟﺠﺪوى اﻻﻗﺘﺼﺎدﯾﺔ ﻣﻨﮫ‬
III of this Legal Guide.
                                                      ‫ ﻣﻦ اﻟﺠﺰء‬،"‫أﻧﻈﺮ "إﻣﺘﻼك اﻷرض واﺳﺘﺌﺠﺎرھﺎ‬
Source: Investment Regulation No. 7                             .‫ اﻟﻘﺴﻢ اﻟﺜﺎﻟﺚ ﻣﻦ ﻣﻦ ھﺬا اﻟﺪﻟﯿﻞ‬،‫اﻟﺜﺎﻟﺚ‬
(2010) for “the Sale and Lease of Real
Estate and Landed Property of the State and           ‫ ﻋﻦ‬2010 ‫ ﻟﺴﻨﺔ‬7 ‫ ﻧﻈﺎم اﻹﺳﺘﺜﻤﺎر رﻗﻢ‬:‫اﻟﻤﺼﺪر‬
Public Sector Investment Purposes.”                 ‫"ﺑﯿﻊ وإﯾﺠﺎر ﻋﻘﺎرات وأراﺿﻲ اﻟﺪوﻟﺔ واﻟﻘﻄﺎع اﻟﻌﺎم‬

19. Is it recommended that investors                                           ".‫ﻷﻏﺮاض اﻹﺳﺘﺜﻤﺎر‬
    partner with local companies? If so,
    how does an investor find local                  ‫ ھﻞ ﯾُﻮ ّﺻﻰ ﺑﺄن ﯾﺪﺧﻞ اﻟﻤﺴﺘﺜﻤﺮون ﻓﻲ ﺷﺮاﻛﺔ ﻣﻊ‬.19
    partners? (NIC Website)                          ‫ ﻛﯿﻒ ﯾﺠﺪ‬،‫اﻟﺸﺮﻛﺎت اﻟﻤﺤﻠﯿﺔ؟ وإذا ﻛﺎن اﻷﻣﺮ ﻛﺬﻟﻚ‬

Local partnerships are a good way for                  ‫اﻟﻤﺴﺘﺜﻤﺮ ﺷﺮﻛﺎء ﻣﺤﻠﯿﯿﻦ )ﻣﻮﻗﻊ اﻟﮭﯿﺌﺔ اﻟﻮطﻨﯿﺔ‬
international investors to quickly enter the                                             (‫ﻟﻺﺳﺘﺜﻤﺎر‬
Iraqi economy. The NIC recommends that
interested investors explore the potential of          ‫اﻟﺸﺮاﻛﺎت اﻟﻤﺤﻠﯿﺔ وﺳﯿﻠﺔ ﺟﯿﺪة ﯾﺪﺧﻞ ﺑﮭﺎ اﻟﻤﺴﺘﺜﻤﺮون‬
teaming with a local partner. The “Local                 ‫ وﺗﻮﺻﻲ اﻟﮭﯿﺌﺔ‬.‫اﻟﺪوﻟﯿﻮن اﻹﻗﺘﺼﺎد اﻟﻌﺮاﻗﻲ ﺑﺴﺮﻋﺔ‬
Partnership” page of the NIC website can                  ‫ھﯿﺌﺔ اﻹﺳﺘﺜﻤﺎر‬/‫اﻟﻮطﻨﯿﺔ ﻟﻺﺳﺘﺜﻤﺎر )اﻟﮭﯿﺌﺔ اﻟﻮطﻨﯿﺔ‬
be accessed at
http://investpromo.gov.iq/local-                     ‫ﺑﺎﻟﻤﺤﺎﻓﻈﺔ( أن ﯾﺴﺘﻜﺸﻒ اﻟﻤﺴﺘﺜﻤﺮون اﻟﻤﮭﺘﻤﻮن إﻣﻜﺎﻧﯿﺔ‬
partnership/.                                        ‫ وﯾﻤﻜﻦ اﻹطﻼع ﻋﻠﻰ‬.‫اﻟﺪﺧﻮل ﺑﺸﺮاﻛﺔ ﻣﻊ ﺷﺮﯾﻚ ﻣﺤﻠﻲ‬

Source: “National Investment Commission,                ‫ﺻﻔﺤﺔ "اﻟﺸﺮاﻛﺔ اﻟﻤﺤﻠﯿﺔ" ﻋﻠﻰ ﻣﻮﻗﻊ اﻟﮭﯿﺌﺔ اﻟﻮطﻨﯿﺔ‬
Frequently Asked Questions, available at                                     :‫ﻟﻺﺳﺘﺜﻤﺎر ﻋﻠﻰ اﻟﺮاﺑﻂ اﻟﺘﺎﻟﻲ‬
http://investpromo.gov.iq/faq/.
                                                           http://investpromo.gov.iq/local-
20. What types of protections are offered                  partnership/.”
    to foreign investors (e.g., repatriation
    of funds, free convertibility, and                    ‫ "اﻷﺳﺌﻠﺔ اﻷﻛﺜﺮ ﺗﺮدداً" واﻟﺘﻲ ﯾﻤﻜﻦ‬:‫اﻟﻤﺼﺪر‬
    protection from nationalization)?                                     :‫اﻹطﻼع ﻋﻠﯿﮭﺎ ﻋﻠﻰ اﻟﺮاﺑﻂ‬

                                                              ./http://investpromo.gov.iq/faq

                                                             ‫ ﻣﺎ ھﻰ أﻧﻮاع اﻟﺤﻤﺎﯾﺔ اﻟﺘﻲ ﯾﻤﻜﻦ ﺗﻘﺪﯾﻤﮭﺎ‬.20
                                                       ‫ﻟﻠﻤﺴﺘﺜﻤﺮﯾﻦ اﻷﺟﺎﻧﺐ )ﻣﺜﻞ إﻋﺎدة ﺗﻮطﯿﻦ اﻷﻣﻮال‬

                                                          ‫(؟‬.‫ إﻟﺦ‬،‫واﻟﺘﺤﻮﯾﻞ اﻟﺤﺮ واﻟﺤﻤﺎﯾﺔ ﻣﻦ اﻟﺘﺄﻣﯿﻢ‬

                                               125
   124   125   126   127   128   129   130   131   132   133   134