Iraq flag Iraq: Operating a Business in Iraq

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 (IQD 2 billion for the oil sector)
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
 

Business Directories

Financial Information Directories
Dun & Bradstreet - Worldwide directory with financial information on businesses

To go further, check out our service Business directories.


 

Professional Associations

General Professional Associations
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
Iraqi Ministry of Trade
For Further Information
Consult Doing Business Website, to know about procedures to start a Business in Iraq.

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Latest Update: September 2022

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