By John Lee. The Iraqi Ministry of Trade has launched an integrated electronic platform under its Companies Registration Directorate, aimed at streamlining the process of establishing and registering businesses in Iraq. Key features and developments include: Full automation of company registration and establishment procedures Significant reduction in bureaucratic processes, with transactions that previously took weeks […]
By John Lee. The new headquarters of the Company Registration Directorate, part of the Ministry of Trade, was opened in Baghdad on Saturday by Prime Minister Mohammed S. Al-Sudani. The event marked what his office described as a significant step in the government's ongoing initiative to modernise institutional operations and align them with modern technological […]
By John Lee. Iraq's Ministry of Trade announced the registration of 599 national companies and 27 branches of foreign companies during September. The Companies Registration Department, led by Rashad Khalaf Hashim, also issued several decisions, including amendments to contracts of joint-stock companies, adjustments to capital, and the merging and liquidation of companies. Additionally, 897 companies […]
By John Lee. The Companies Registration Department of Iraq's Ministry of Trade said it has successfully processed the establishment of 324 national companies and registered 27 branches of foreign companies in June. According to a statement from the Ministry's media office, Director General Rashad Khalaf Hashim reported multiple decisions made during the month related to […]
The Kurdistan Regional Government (KRG) has launched an online portal to streamline and expedite the registration process for businesses. This initiative aims to reduce costs and simplify procedures, making it easier for entrepreneurs to establish their companies in the region. With the new online system (business.digital.gov.krd), business owners can conveniently submit their applications from anywhere […]
The Kurdistan Regional Government (KRG) has announced that the registration of the companies will be digitised, in order to reduce the cost of registration and to save time. According to a press release from the KRG, this facility is expected to increase number of companies registered in the Kurdistan Region. Blnd Mohammed, Director General of […]
From the United Nations Conference on Trade and Development (UNCTAD): The number of people registering businesses in Iraq through the country's online portal has steadily grown over the past year. In November 2022, over 275 companies were registered through business.mot.gov.iq - more than five times the number recorded during the first month after going live […]
Two business people with considerable experience in Iraq have shared their thoughts on how the Iraqi government could help to improve the climate for business in the country. Responding to a question from Iraq Business News (IBN) at the Iraq Britain Business Council (IBBC)'s Tech Forum in Dubai earlier today, Laura Khudairi, of Iraq Venture […]
By John Lee. The Kurdistan Regional Government (KRG) has streamlined the registration of companies in Iraqi Kurdistan. Balend Mohammed, Director General of the Registry of Companies, said that while it previously took many months to register business names, it must now be completed within 24 hours, or else "the relevant parties will be prosecuted." He […]
By John Lee. The Council of Ministers of the Kurdistan Regional Government (KRG) has approved a draft bill concerning company registration. According to a statement from the KRG, the bill aims to streamline and simplify the process of registering new companies, with the aim of reducing bureaucracy and encouraging investment. (Source: KRG)
By Padraig O'Hannelly. A major conference has heard that Iraqi Kurdistan will prioritise a shift towards private enterprise and a more efficient public sector. In his keynote speech to CWC/GFEn's Kurdistan Iraq Economic Forum (KIEF) conference, held online, Kurdistan's Deputy Prime Minister, Qubad Talabani (pictured), said: "We must create an environment to let the private sector […]
According to a report from AKNews, 1,602 foreign companies have branches in Iraqi Kurdistan. The latest figures from the Kurdistan Company Registration Directorate show that 18 months ago there were 1027 foreign companies operating in the region, meaning there has been an increase of 55 per cent. There are also 10,100 local companies working side […]
