Starting a business in Iraq
Legal Forms of Companies
- Sole Owner Company
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Number of partners: One person
Capital (max/min): IQD 500.000
Shareholders and liability: Personal and unlimited liability
- Simple Company
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Number of partners: Minimum 2, maximum 5
Capital (max/min): IQD 500.000
Shareholders and liability: Liability is limited to the amount contributed, if not otherwise agreed between the partners
- Limited Liability Company
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Number of partners: Minimum 1, maximum 25
Capital (max/min): IQD 1 million (IQD 2 billion for the oil sector)
Shareholders and liability: Limited to the capital contribution
- Joint Liability Company
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Number of partners: Minimum 2, maximum 25
Capital (max/min): IQD 500.000
Shareholders and liability: Personal and unlimited liability in respect of the obligations of the company
- Joint Stock Company
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Number of partners: Minimum 5 members (no-cap) who participate by owning shares through a public subscription, maximum 100
Capital (max/min): IQD 2 million
Shareholders and liability: The liability of the shareholders is limited to the nominal value of the shares to which they have subscribed
Business Directories
- Financial Information Directories
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Dun & Bradstreet - Worldwide directory with financial information on businesses
To go further, check out our service Business directories.
Professional Associations
- General Professional Associations
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CPG - Confederation of Employers of Gabon
To go further, check out our service Professional associations.
Business Setup Procedures
Setting Up a Company |
Iraq |
Middle East & North Africa |
Procedures (number) |
8.0 |
6.3 |
Time (days) |
26.5 |
19.5 |
Source: Doing Business - Latest available data.
- The Competent Organisation
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Iraqi Ministry of Trade
- For Further Information
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Consult Doing Business Website, to know about procedures to start a Business in Iraq.
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Latest Update: January 2023