Page 40 - Microsoft Word - FINAL COPY - A Legal Guide to Investing in Iraq _12-7-2015_ _6_.docx

3. Granting an Investment License ‫ ﻣﻨﺢ إﺟﺎزة اﻹﺳﺘﺜﻤﺎر‬.3

• After the NIC or the relevant PIC ‫ﺗﺘﻠﻘﻰ اﻟﮭﯿﺌﺔ اﻟﻮطﻨﯿﺔ ﻟﻺﺳﺘﺜﻤﺎر أو ھﯿﺌﺔ‬ •
receives a complete application for an ‫إﺳﺘﺜﻤﺎر اﻟﻤﺤﺎﻓﻈﺔ اﻟﻄﻠﺐ اﻟﻜﺎﻣﻞ ﻟﻠﺤﺼﻮل‬
investment license, they contact the ‫ ﺛ ّﻢ ﺗﺘﺼﻞ ﺑﺎﻟﻘﻄﺎع‬،‫ﻋﻠﻰ إﺟﺎزة اﻹﺳﺘﺜﻤﺎر‬
relevant sector and government ‫اﻟﻤﻌﻨﻲ وﺑﺎﻟﺴﻠﻄﺎت اﻟﺤﻜﻮﻣﯿﺔ اﻟﻤﺎﻟﻜﺔ‬
authority owning the land to approve or ‫ﻟﻸرض ﻟﻠﻤﻮاﻓﻘﺔ ﻋﻠﻰ اﻟﻄﻠﺐ أو ﻋﺪم‬
not approve the application (within a ً‫ ﯾﻮﻣﺎ‬15 ‫اﻟﻤﻮاﻓﻘﺔ ﻋﻠﯿﮫ )ﺧﻼل ﻋﻤﻠﯿﺔ ﻣﺪﺗﮭﺎ‬
15-business day process that entails):12
:(‫ﻣﻦ أﯾﺎم اﻟﻌﻤﻞ اﻟﺮﺳﻤﯿﺔ‬
o Examining and reviewing investor
applications .‫ ﻓﺤﺺ وﻣﺮاﺟﻌﺔ طﻠﺒﺎت اﻟﻤﺴﺘﺜﻤﺮﯾﻦ‬o

o Studying the economic and ‫ دراﺳﺔ اﻟﺠﺪوى اﻹﻗﺘﺼﺎدﯾﺔ واﻟﺘﻘﻨﯿﺔ‬o
technical feasibility of projects .‫ﻟﻠﻤﺸﺮوع‬

o Issuing a Statement of Opinion on ‫ ﺗﻘﺪﯾﻢ ﺑﯿﺎن رأي ﻓﻲ ﻣﺴﺄﻟﺔ ﻣﻨﺢ اﻹﺟﺎزة‬o
whether to grant a license for an .‫ﻟﻠﻤﺸﺮوع اﻹﺳﺘﺜﻤﺎري‬
investment project13
،‫ ﻣﻮاﻓﻘﺔ اﻟﺴﻠﻄﺎت اﻟﻤﻌﻨﯿﺔ ﺿﺮورﯾﺔ‬o
o Approval by the relevant authorities .ً‫وﻻﺑﺪ أن ﯾﻜﻮن اﻟﺮﻓﺾ ﻣﺴﺒﺒﺎ‬
is required; and the reason(s) for
rejection must be provided. ‫"ﻓﻲ ﺣﺎﻟﺔ وﺟﻮد ﺧﻼف ﺑﯿﻦ اﻟﮭﯿﺌﺔ‬ o
‫اﻟﻮطﻨﯿﺔ ﻟﻺﺳﺘﺜﻤﺎر وأي ﻛﯿﺎن ﻣﻌﻨﻲ‬
“In case of a dispute between the ‫ﺣﻮل ﻣﻨﺢ اﻹﺟﺎزة ﻏﯿﺮ ھﯿﺌﺎت‬
NIC and any other relevant entity ‫ ﯾُﻌﺮض‬،‫اﻹﺳﺘﺜﻤﺎر ﺑﺎﻟﻤﺤﺎﻓﻈﺎت‬
other than the PICs as to whether to ‫اﻟﺨﻼف ﻋﻠﻰ رﺋﯿﺲ اﻟﻮزراء ﻟﻠﺒﺖ‬
grant the license, the dispute shall
be brought before the Prime ."‫ﻓﯿﮫ‬
Minister for resolution.”14

• After approval by the relevant sector, ‫ ﺗﺘﻮﻟﻰ اﻟﮭﯿﺌﺔ‬،‫ﺑﻌﺪ ﻣﻮاﻓﻘﺔ اﻟﻘﻄﺎع اﻟﻤﻌﻨﻲ‬ •
‫اﻟﻮطﻨﯿﺔ ﻟﻺﺳﺘﺜﻤﺎر أو ھﯿﺌﺎت اﻹﺳﺘﺜﻤﺎر ﻓﻲ‬
the NIC or PIC will evaluate investor ‫اﻟﻤﺤﺎﻓﻈﺎت ﺗﻘﯿﯿﻢ طﻠﺒﺎت اﻟﻤﺴﺘﺜﻤﺮ ﻣﻦ ﺧﻼل‬

applications through a review process :(ً‫ ﯾﻮﻣﺎ‬30 ‫إﺟﺮاء )ﻋﻤﻠﯿﺔ ﻣﺮاﺟﻌﺔ ﺧﻼل‬
(of 30 business days that entails):15

12 See Investor Guide to Iraq 2015, Procedures for Granting Investment Licenses, p. 16, available at

http://investpromo.gov.iq/nic_flash/investors_guide/english/.
‫ ﻋﻠﻰ اﻟﺮاﺑﻂ‬،16 ‫ ص‬،‫" "إﺟﺮاءات ﻣﻨﺢ إﺟﺎزات اﻹﺳﺘﺜﻤﺎر‬2015 ‫أﻧﻈﺮ "دﻟﯿﻞ اﻟﻤﺴﺘﺜﻤﺮ ﻓﻲ اﻟﻌﺮاق‬

http://investpromo.gov.iq/nic_flash/investors_guide/english/.
13 See Investment Regulation No. 2 for 2009, Article 25.
2009 ‫ ﻟﺴﻨﺔ‬2 ‫ ﻣﻦ ﻧﻈﺎم اﻹﺳﺘﺜﻤﺎر رﻗﻢ‬25 ‫أﻧﻈﺮ اﻟﻤﺎدة‬.
14 See National Investment Law, Article 20(2)(3).
‫ اﻟﻤﻌ ّﺪل‬،2006 ‫ ﻟﺴﻨﺔ‬13 ‫ ﻗﺎﻧﻮن اﻹﺳﺘﺜﻤﺎر اﻟﻌﺮاﻗﻲ رﻗﻢ‬،(3)‫( و‬2) 20 ‫أﻧﻈﺮ اﻟﻤﺎدة‬.
15 See Investor Guide for Iraq 2015, supra note 15.
‫ ﻋﻠﻰ اﻟﺮاﺑﻂ‬،16 ‫ ص‬،"‫ "إﺟﺮاءات ﻣﻨﺢ إﺟﺎزات اﻹﺳﺘﺜﻤﺎر‬،2015 ‫أﻧﻈﺮ دﻟﯿﻞ اﻟﻤﺴﺘﺜﻤﺮ اﻟﻌﺮاﻗﻲ ﻟﺴﻨﺔ‬

http://investpromo.gov.iq/nic_flash/investors_guide/english/.

36