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
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
The Competent Organisation
Iraqi Ministry of Trade
Company Directories
Erbil Chamber of Commerce and Industry
 
Setting Up a Company Iraq Middle East & North Africa
Procedures (number) 8.0 6.3
Time (days) 26.5 19.5

Source: Doing Business, 2016

 
Business Setup Procedures
Consult Doing Business Website, to know about procedures to start a Business in Iraq.

Find out more about Operating a Business in Iraq on GlobalTrade.net, the Directory for International Trade Service Providers.

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Latest Update: April 2022

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