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b. Branch Office of Foreign Entity –           ‫ﻓﺮع ﺷﺮﻛﺔ أﺟﻨﺒﯿﺔ – ﯾﻤﻜﻦ ﺗﺄﺳﯿﺴﮫ‬            .‫ب‬
       can be established by foreign             ً‫ﻟﻠﺸﺮﻛﺎت اﻷﺟﻨﺒﯿﺔ اﻟﺘﻲ أﺑﺮﻣﺖ ﻋﻘﻮدا‬
       companies that have signed contracts      ‫ﺣﻜﻮﻣﯿﺔ ﻣﻊ اﻟﻘﻄﺎع اﻟﻌﺎم واﻟﻤﺨﺘﻠﻂ‬
       with the government, the public or        ‫واﻹﺗﺤﺎدات أو اﻟﺠﻤﻌﯿﺎت اﻟﺘﻌﺎوﻧﯿﺔ أو‬
       mixed sectors, associations,              ‫اﻟﺸﺮﻛﺎت اﻟﻤﺴﺎھﻤﺔ اﻟﺘﻲ ﻻ ﯾﻘﻞ رأس ﻣﺎﻟﮭﺎ‬
       cooperatives or companies whose           ‫اﻹﺳﻤﻲ ﻋﻦ ﻣﻠﯿﻮن دﯾﻨﺎر ﺑﻌﺪ ﻣﻮاﻓﻘﺔ اﻟﺠﮭﺔ‬
       nominal capital is over 1 million         ‫اﻟﻘﻄﺎﻋﯿﺔ أو ﺑﻌﺪ أن ﺣﺼﻠﺖ ﻋﻠﻰ إﺟﺎزة‬
       IQD, and have received approval           .‫إﺳﺘﺜﻤﺎرﯾﺔ ﻣﻦ ھﯿﺌﺎت اﻹﺳﺘﺜﻤﺎر اﻟﻤﻌﻨﯿﺔ‬
       from the respective sector or an          ‫ ﯾﺠﺐ‬،‫وﺑﻌﺪ ﺗﺴﺠﯿﻞ ﻓﺮع اﻟﺸﺮﻛﺔ اﻷﺟﻨﺒﯿﺔ‬
       investment license from the NIC or        ‫ﺗﻌﯿﯿﻦ ﻣﺤﺎﻣﻲ ﻋﻀﻮ ﺑﻨﻘﺎﺑﺔ اﻟﻤﺤﺎﻣﯿﻦ و‬
       relevant PIC. Once a Branch office is
       registered, the Branch must appoint                 .‫ﻣﺮاﻗﺐ ﺣﺴﺎﺑﺎت وﻣﺪﯾﺮ ﺗﻨﻔﯿﺬي‬
       an Iraqi attorney, chartered
       accountant, and executive manager.        ‫اﻟﺸﺮﻛﺎت اﻟﻤﺤﻠﯿﺔ – أي اﻟﺸﺮﻛﺎت اﻟﻤﺆﺳﺴﺔ‬        .‫ج‬
                                                 ‫ﺑﻤﻮﺟﺐ اﻟﻘﻮاﻧﯿﻦ اﻟﻌﺮاﻗﯿﺔ ﻋﻠﻰ ﺷﻜﻞ ﺷﺮﻛﺔ‬
  c. Domestic Companies – established            ،‫ ﻣﻨﮭﺎ اﻟﺸﺮﻛﺎت اﻟﻤﺴﺎھﻤﺔ‬،‫ﻋﺮاﻗﯿﺔ‬
       under Iraqi law as a domestic entity,     ‫ واﻟﺸﺮﻛﺎت‬،‫وﺷﺮﻛﺎت اﻟﻤﺸﺮوع اﻟﻔﺮدي‬
       including types of companies such as      ‫ واﻟﺸﺮﻛﺎت ذات اﻟﻤﺴﺆوﻟﯿﺔ‬،‫اﻟﺘﻀﺎﻣﻨﯿﺔ‬
       joint stock companies, single-project
       companies, corporations, and/or                                         .‫اﻟﻤﺤﺪودة‬
       limited liability companies, etc. 3
                                                 ‫ ﺷﺮﻛﺔﻓﻲ‬,‫اﻟﻘﻮاﻧﯿﻦ اﻟﻌﺮاﻗﯿﺔ اﻟﻤﺘﻌﻠﻘﺔ ﺑﺘﺴﺠﯿﻞ‬
Relevant Iraqi Laws for investors to                                                  :‫اﻟﻌﺮاق‬
Register a Company:

    • Companies Law No. 21 of 1997 as            ،1997 ‫ ﻟﺴﻨﺔ‬21 ‫ﻗﺎﻧﻮن اﻟﺸﺮﻛﺎت رﻗﻢ‬             •
         amended, and Regulation No. 5 of        ‫ وﻧﻈﺎم ﻓﺮوع وﻣﻜﺎﺗﺐ اﻟﺸﺮﻛﺎت‬،‫اﻟﻤﻌ ّﺪل‬
         1989 on Branches and representative     ‫ ﻟﺴﻨﺔ‬5 ‫واﻟﻤﺆﺳﺴﺎت اﻹﻗﺘﺼﺎدﯾﺔ اﻷﺟﻨﺒﯿﺔ رﻗﻢ‬
         Offices of Foreign Companies and        ‫ اﻟﺬي ﯾﺴﻤﺢ ﻟﻠﺸﺮﻛﺎت اﻷﺟﻨﺒﯿﺔ ﺑﻔﺘﺢ‬،1989
         Economic Establishments, which allow
         foreign companies to open an office in          .‫ﻓﺮع أو ﻣﻜﺘﺐ ﺗﻤﺜﯿﻠﻲ داﺧﻞ اﻟﻌﺮاق‬
         Iraq.
                                                 ‫اﻟﻤﺸﺎرﯾﻊ اﻹﺳﺘﺮاﺗﯿﺠﯿﺔ – ﯾﻘﻊ ﻋﻠﻰ ﻋﺎﺗﻖ‬             .2
2. Strategic Projects – The NIC has the          ‫اﻟﮭﯿﺌﺔ اﻟﻮطﻨﯿﺔ ﻟﻺﺳﺘﺜﻤﺎر اﻹﻋﻼن ﻋﻦ‬
    responsibility to announce and follow up     ‫اﻟﻤﺸﺎرﯾﻊ اﻹﺳﺘﺮاﺗﯿﺠﯿﺔ اﻟﺘﻲ ﺣﺪدﺗﮭﺎ اﻟﻤﺎدة‬
    on strategic projects as defined in Article  ‫( ﻟﺴﻨﺔ‬2) ‫( ﻣﻦ ﻧﻈﺎم اﻻﺳﺘﺜﻤﺎر رﻗﻢ‬2/4)
    4/2 of Investment Regulation No. 2 of
    2009.                                                            .‫ وﻣﺘﺎﺑﻌﺔ ﺗﻨﻔﯿﺬھﺎ‬،2009

    • The NIC particularly looks to grant        ‫• ﺗﺘﻄﻠﻊ اﻟﮭﯿﺌﺔ اﻟﻮطﻨﯿﺔ ﻟﻺﺳﺘﺜﻤﺎر إﻟﻰ ﻣﻨﺢ‬
         licenses for projects in specific       ‫ ﻻﺳﯿﻤﺎ ﻣﺸﺎرﯾﻊ ﺿﻤﻦ‬،‫إﺟﺎزات إﺳﺘﺜﻤﺎر‬
         economic sectors.
                                                                  .‫ﻗﻄﺎﻋﺎت إﻗﺘﺼﺎدﯾﺔ ﻣﻌﯿﻨﺔ‬

3 The limited liability company is the most common form of business entity in Iraq.
‫اﻟﺸﺮﻛﺔ ذات اﻟﻤﺴﺆوﻟﯿﺔ اﻟﻤﺤﺪودة ھﻰ أﻛﺜﺮ أﻧﻮاع اﻟﺸﺮﻛﺎت ﺷﯿﻮﻋﺎً ﻓﻲ اﻟﻌﺮاق‬.

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