Page 20 - Microsoft Word - FINAL COPY - A Legal Guide to Investing in Iraq _12-7-2015_ _6_.docx

projects,” in addition to federal projects; all ‫( إﺧﺘﯿﺎر‬1) ‫ﯾﻤﺮ اﻟﻤﺸﺮوع اﻹﺳﺘﺜﻤﺎري ﺑﻌﺪة ﻣﺮاﺣﻞ ﻣﻨﮭﺎ‬
other investments are under the jurisdiction ‫( ﺗﻘﺪﯾﻢ طﻠﺐ اﻟﻤﺴﺘﺜﻤﺮ وﻣﻨﺢ‬2) ،‫ﻓﺮﺻﺔ إﺳﺘﺜﻤﺎرﯾﺔ‬
of the National Investment Authority. (3) ،‫إﺟﺎزة اﻹﺳﺘﺜﻤﺎر ﻣﻦ ھﯿﺌﺔ اﻹﺳﺘﺜﻤﺎر ذات اﻟﻌﻼﻗﺔ‬
‫( اﻟﺒﺪء ﺑﺎﻟﻌﻤﻠﯿﺎت اﻟﺘﺠﺎرﯾﺔ‬4)‫ و‬،‫ﺗﻄﻮﯾﺮ وﺗﻨﻔﯿﺬ اﻟﻤﺸﺮوع‬
An investment project goes through several
phases: (1) selecting an investment .‫ﻟﻠﻤﺸﺮوع‬
opportunity; (2) submitting the investor’s
application and receiving an investment ‫واﻟﻤﺸﺮوع اﻹﺳﺘﺜﻤﺎري اﻣﺎ ان ﯾﻜﻮن ﻓﺮﺻﺔ إﺳﺘﺜﻤﺎرﯾﺔ‬
license from the NIC or relevant PIC; (3) ‫ أو أن ﯾﺒﺪي اﻟﻤﺴﺘﺜﻤﺮ‬،‫ﻣﻌﻠﻨﺔ ﻣﻦ ﻗﺒﻞ اﻟﮭﯿﺌﺔ اﻟﻤﻌﻨﯿﺔ‬
project development and execution; and (4) ‫ ﺣﯿﺚ ﯾﻘ ّﺪم ﺗﻔﺎﺻﯿﻞ‬،‫رﻏﺒﺘﮫ ﻓﻲ اﻟﻘﯿﺎم ﺑﻤﺸﺮوع ﻣﻌﯿﻦ‬
commencement of commercial operations of ‫ وﺻﻮﻻً إﻟﻰ ﻣﻨﺤﮫ اﻹﺟﺎزة‬،‫اﻟﻤﺸﺮوع ﻟﻠﮭﯿﺌﺔ اﻟﻤﻌﻨﯿﺔ‬
the project. ‫اﻹﺳﺘﺜﻤﺎرﯾﺔ وإﺑﺮام اﻟﻌﻘﺪ اﻹﺳﺘﺜﻤﺎري وإﻧﺘﮭﺎ ًء ﺑﺘﻨﻔﯿﺬ‬

The investment project may be in the form of .‫اﻟﻤﺸﺮوع واﻟﺒﺪء ﺑﻤﺮﺣﻠﺔ اﻟﺘﺸﻐﯿﻞ اﻟﺘﺠﺎري‬
an investment opportunity announced by the
NIC or relevant PIC or result from a proposal ‫وھﻨﺎﻟﻚ ﻋﺪد ﻣﻦ اﻹﺟﺮاءات واﻟﻤﺘﻄﻠﺒﺎت اﻟﺘﻲ ﯾﺠﺐ أن‬
expressed by an investor to carry out a ‫ﯾﺘﺒﻌﮭﺎ اﻟﻤﺴﺘﺜﻤﺮ ﻓﻲ ﻛﻞ ﻣﺮﺣﻠﺔ ﻣﻦ ﻣﺮاﺣﻞ اﻟﻤﺸﺮوع ﻛﻲ‬
particular project. The investor would then ‫ﯾﻜﻮن ﻣﺆھﻼً ﻟﻠﺤﺼﻮل ﻋﻠﻰ اﻟﻤﺰاﯾﺎ اﻟﻤﻨﺼﻮص ﻋﻠﯿﮭﺎ‬
present the details of the investment project ‫ ﺳﻮا ًء ﻛﺎﻧﺖ اﻟﮭﯿﺌﺔ اﻟﻤﺎﻧﺤﺔ ﻟﻺﺟﺎزة‬،‫ﻓﻲ ﻗﺎﻧﻮن اﻹﺳﺘﺜﻤﺎر‬
to the NIC or relevant PIC, obtain an .‫ھﻲ اﻟﮭﯿﺌﺔ اﻟﻮطﻨﯿﺔ ﻟﻺﺳﺘﺜﻤﺎر أم ھﯿﺌﺔ إﺳﺘﺜﻤﺎر اﻟﻤﺤﺎﻓﻈﺔ‬
investment license, conclude an investment
contract, implement the project, and begin ‫أوﻻً – ﻋﺮض اﻟﻤﺸﺮوع ﻛﻔﺮﺻﺔ إﺳﺘﺜﻤﺎرﯾﺔ‬
the commercial operation phase.
‫ﺗﻘﻊ ﻋﻠﻰ ﻋﺎﺗﻖ اﻟﮭﯿﺌﺔ اﻟﻮطﻨﯿﺔ ﻟﻺﺳﺘﺜﻤﺎر وھﯿﺌﺎت‬
At each phase of the project, there are a ‫اﻹﺳﺘﺜﻤﺎر ﻓﻲ اﻟﻤﺤﺎﻓﻈﺎت ﻣﮭﻤﺔ ﺗﺤﺪﯾﺪ اﻟﻤﺸﺎرﯾﻊ‬
number of procedures and requirements that ‫ ﺛﻢ ﺗُﻌﺮض اﻟﻔﺮص اﻹﺳﺘﺜﻤﺎرﯾﺔ ﻋﻠﻰ‬،‫اﻹﺳﺘﺜﻤﺎرﯾﺔ‬
an investor must meet or complete to be ‫ وﯾﻤﻜﻦ ﻟﻠﻤﺴﺘﺜﻤﺮﯾﻦ أﯾﻀﺎَ أن‬.‫اﻟﻤﺴﺘﺜﻤﺮﯾﻦ اﻟﻤﺤﺘﻤﻠﯿﻦ‬
eligible for the benefits stated in the National ‫ﯾﻘﺪﻣﻮا ﻋﺮوﺿﺎ ﻟﻔﺮص إﺳﺘﺜﻤﺎرﯾﺔ ﯾﺮوﻧﮭﺎ ﻣﻨﺎﺳﺒﺔ ﻟﻠﮭﯿﺌﺔ‬
Investment Law, whether the commission .‫اﻟﻮطﻨﯿﺔ ﻟﻺﺳﺘﺜﻤﺎر أو ھﯿﺌﺎت اﻹﺳﺘﺜﻤﺎر ﻓﻲ اﻟﻤﺤﺎﻓﻈﺎت‬
granting the investment license is the NIC or
a PIC.

First – Presenting a Project as an
Investment Opportunity

The NIC and PICs are tasked with
identifying investment projects that could be
presented as investment opportunities. The
investment opportunities selected are then
presented to potential investors. Investors
can also submit proposals for investment
opportunities that they consider suitable for
the respective PICs or NIC.

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