Page 63 - Microsoft Word - FINAL COPY - A Legal Guide to Investing in Iraq _12-7-2015_ _6_.docx

Procedures for Granting an Investment License

Investor (Individual or Legal Person)

Submit an Application

The Relevant Investment Commission (the
“One-Stop Shop”)

Ministry of Ministry of
Oil Electricity

Ministry of Ministry of the
Municipalities Environment

Baghdad Ministry of Finance-State Real-
Municipality Estate Department

15 days

NIC or relevant PIC

45 days

Investment
License

NOTES:

• The 45-day period necessary for granting an investment license begins from the date all the
requirements required for granting a license have been completed.

• The responsible sectoral bodies (shown in the diagram above) change according to the nature
of the project and the entity owning the land.

• An investor may submit more than one application to obtain an investment license to carry
out activities in a particular sector or various sectors.

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