Page 55 - Microsoft Word - FINAL COPY - A Legal Guide to Investing in Iraq _12-7-2015_ _6_.docx

o Companies must deposit funds ‫ﻻﺑﺪ أن ﺗﻮدع اﻟﺸﺮﻛﺎت ﻣﺒﻠﻐﺎً ﯾﻌﺎدل‬ o
equal to three months estimated ‫ﺛﻼﺛﺔ أﺷﮭﺮ ﻣﻦ إﺳﺘﻘﻄﺎﻋﺎت اﻟﻀﻤﺎن‬
social security deductions for all
employees. .‫اﻹﺟﺘﻤﺎﻋﻲ اﻟﻤﻘ ّﺪرة ﻟﻜﻞ ﻣﻮظﻔﯿﮭﺎ‬

o Investors will then be given a ‫ ﯾﺤﺼﻞ اﻟﻤﺴﺘﺜﻤﺮون ﻋﻠﻰ إﯾﺼﺎل ﻣﻦ‬o
receipt voucher from the Ministry ‫ ورﻗﻢ‬،‫وزارة اﻟﻌﻤﻞ ﺑﺪﻓﻊ اﻟﻤﺒﻠﻎ‬
of Labor certifying the payment as
well as the social security number .‫اﻟﻀﻤﺎن اﻹﺟﺘﻤﺎﻋﻲ اﻟﺼﺎدر ﻟﻠﺸﺮﻛﺔ‬
issued to the company.
‫ﻻﺑﺪ أن ﯾﺴﺘﺨﺪم اﻟﻤﺸﺮوع اﻹﺳﺘﺜﻤﺎري اﻟﻤﻮاد‬ •
• The investment project must utilize ‫ وﯾﻔﻲ ﺑﺎﻟﻄﻠﺐ اﻟﻤﺤﻠﻲ اﻟﻤﺤﺘﻤﻞ ﻋﻠﻰ‬،‫اﻟﻤﺤﻠﯿﺔ‬
local materials and satisfy the potential ‫ﻣﻨﺘﺞ اﻟﻤﺸﺮوع ﻟﻼﺳﺘﻔﺎدة ﻣﻦ اﻻﻋﻔﺎءات‬
local demand for the project’s product, ‫اﻟﻀﺮﯾﺒﯿﺔ واﻟﻜﻤﺮﻛﯿﺔ اﻟﻤﻘﺮرة ﺑﻤﻮﺟﺐ‬
in order to benefit from the taxes and
import duties as determined by law.45 .‫اﻟﻘﺎﻧﻮن‬

Relevant Iraqi Laws on Employment and :‫ﻗﻮاﻧﯿﻦ ذات اﻟﻌﻼﻗﺔ ﺑﻤﺘﻄﻠﺒﺎت اﻟﺘﻮظﯿﻒ واﻟﻌﻤﺎﻟﺔ‬
Labor Requirements:
‫ﯾُﻠﺰم ﻗﺎﻧﻮن اﻟﻌﻤﻞ اﻟﻌﺮاﻗﻲ اﻟﻤﺴﺘﺜﻤﺮ ﺑﺎﻹﻟﺘﺰام‬ •
• Iraqi Labor Law requires that the ‫ﺑﻈﺮوف وﺳﺎﻋﺎت اﻟﻌﻤﻞ وﺗﺪرﯾﺐ ﻣﺴﺘﺨﺪﻣﯿﮫ‬
investor maintain required work ‫ﻣﻦ اﻟﻌﺎﻣﻠﯿﻦ اﻟﻌﺮاﻗﯿﯿﻦ وﻓﻖ ﺷﺮوط وزارة‬
conditions and hours and train Iraqi
employees based on requirements .‫اﻟﻌﻤﻞ واﻟﺸﺆون اﻹﺟﺘﻤﺎﻋﯿﺔ‬
under the Ministry of Labor and Social
Affairs. ‫ﯾﺤﺪد ﻗﺎﻧﻮن اﻟﺘﻘﺎﻋﺪ واﻟﻀﻤﺎن اﻹﺟﺘﻤﺎﻋﻲ‬ •
،‫ اﻟﻤﻌ ّﺪل‬1971 ‫ ﻟﺴﻨﺔ‬39 ‫ﻟﻠﻌﻤﺎل رﻗﻢ‬
• The Pension and Social Security Law ،‫ﻣﺘﻄﻠﺒﺎت اﻟﺘﻘﺎﻋﺪ واﻟﻀﻤﺎن اﻹﺟﺘﻤﺎﻋﻲ‬
No. 39 of 1971 for Workers, as ‫واﻟﺬي ﯾﻘﻀﻲ ﺑﺄن ﺗﺤﺼﻞ إﺳﺘﻘﻄﺎﻋﺎت‬
amended, establishes the retirement ‫ ﻣﻦ‬% 17 ‫اﻟﻀﻤﺎن اﻹﺟﺘﻤﺎﻋﻲ اﻟﺘﻲ ﺗﺒﻠﻎ‬
and social pension requirements, which %5‫ ﯾﺪﻓﻌﮭﺎ رب اﻟﻌﻤﻞ و‬%12) ‫أﺟﺮ اﻟﻌﺎﻣﻞ‬
includes Social Security deductions
equal to 17% of an employee’s wages .(‫ﯾﺪﻓﻌﮭﺎ اﻟﻌﺎﻣﻞ‬
(5% from the employee and 12% from
the employer). ‫• ﯾﻠﺘﺰم اﻟﻤﺴﺘﺜﻤﺮ ﺑﺎﻷﺣﻜﺎم اﻟﻤﻨﺼﻮص ﻋﻠﯿﮭﺎ‬
‫ﻓﻲ ﻧﻈﺎم ﻣﺴﻚ اﻟﺪﻓﺎﺗﺮ اﻟﺘﺠﺎرﯾﺔ ﻷﻏﺮاض‬
• The investor must adhere to the
provisions stipulated in the .1985 ‫ ﻟﺴﻨﺔ‬2 ‫ رﻗﻢ‬،‫ﺿﺮﯾﺒﺔ اﻟﺪﺧﻞ‬
Commercial Bookkeeping Regulation
No. 2 of 1985 required for income
tax.46

‫ ﻋﻠﻰ اﻟﺮاﺑﻂ‬،34 ‫ ص‬،"‫ "ﻣﺆﺳﺴﺔ اﻟﺘﻘﺎﻋﺪ واﻟﻀﻤﺎن اﻹﺟﺘﻤﺎﻋﻲ ﻟﻠﻌﻤﺎل‬،‫أﻧﻈﺮ دﻟﯿﻞ اﻟﻤﺴﺘﺜﻤﺮ‬:
http://investpromo.gov.iq/nic_flash/investors_guide/english.
45 See Article 30 of Investment Regulation No. 2 for 2009.
2009 ‫ ﻟﺴﻨﺔ‬2 ‫ ﻣﻦ ﻧﻈﺎم اﻹﺳﺘﺜﻤﺎر رﻗﻢ‬30 ‫أﻧﻈﺮ اﻟﻤﺎدة‬.
46 See Id. at Article 17 of the National Investment Law.

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