Starting a business in Iraq

Legal Forms of Companies

Sole Owner Company: Number of partners: One person
Capital (max/min): IQD 500.000
Shareholders and liability: Personal and unlimited liability
Simple Company: 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: Number of partners: Minimum 1, maximum 25
Capital (max/min): IQD 1 million
Shareholders and liability: Limited to the capital contribution
Joint Liability Company: 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: 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