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Properties

Print the full procedure

Print selected step:

Include recourse information

Include certification

Steps (34)

Get trade name initial approval letter (BCC) (13)

1 Obtain an attendance form

2 Confirm attendance and get orientation command to computer database

3 Verify trade name availability

4 Obtain command for trade name acceptance and fund payment

5 Obtain advisor approval of trade name

6 Pay trade based activity and insurances fees

7 Pay trade name admin fees

8 Audit payments and get stamp

9 Obtain initial approval stamp & printed forms

10 Get orientation command to BCC chairman signature

11 Obtain BCC chairman signature

12 Obtain issue date for initial approval letter

13 Obtain initial approval letter

Obtain trade name approval (FICC) (10)

14 Get FICC chairman orientation command

15 Verify initial approval letter and get orientation command to computer section

16 Obtain trade name approval

17 Get orientation commands for registering and payment

18 Register the initial approval letter

19 Pay fees and stamp the letter

20 Get printed letter of trade name approval

21 Get comment to FICC chairman

22 Get a signed trade name letter

23 Get trade name approval letter

Obtain capital deposit approval (2)

24 Deposit capital amount

25 Get deposit confirmation letter

Obtain registration approval (8)

26 Apply for registration online

27 Receive initial approval

28 Get badge card

29 Verify documents

30 Trade name check

31 Obtain list of fees

32 Confirm list of fees and get stamp

33 Pay registration wages and fees

Get local company registration license (1)

34 Get registration license

Summary of the procedure

Institutions involved 5

Baghdad chamber of commerce (BCC) (x 13)

1 2 3 4 5 6 7 8 9 10 11 12 13

Federation of Iraqi chambers of commerce/ FICC (x 10)

14 15 16 17 18 19 20 21 22 23

Any accredited bank (x 2)

24 25

Ministry of trade - registrar of companies website (x 2)

26 27

Ministry of Trade - Registration of companies directorate (x 7)

28 29 30 31 32 33 34

Results 1

Local company registration license

Required Documents
Representatives

Trade name request form (x 2)

1 2

Residence card (x 7)

1 2 3 4 5 13 29

National ID (x 12)

1 2 3 4 5 13 24 25 26 28 29 34

Attendance form

Orientation command to computer

Confirmation attendance (x 2)

3 4

Trade name registration checking and meaning

Command for trade name reserve acceptance - back of trade name request form

Orientation command for fund payment (x 2)

5 6

Initial trade name approval by advisor (x 2)

6 13

Stamp of first total payment receipts

Insurance fees receipt (x 2)

7 8

Trade based activity fees receipt (x 2)

7 8

Trade name admin fee receipt (IP)

Stamp of trade name admin receipt

Auditied all payment stamps

Copy of initial acceptance letter (x 2)

10 11

Original copy of initial approval letter (x 2)

10 11

Orientation command to Chairman of BCC

Reservation acceptance stamp (x 2)

11 13

BCC authority signature on second copy of letter

BCC authority signature on copy of letter

BCC authority on original copy of letter

Issued date of copy letter

Issued date of initial acceptance letter

Initial acceptance letter for trade name

Obtain chairman clearance

verified and command on Initial approval letter

Trade name check stamp

Orientation command for registration and payment

Stamp of received date on letter

Stamped letter

Trade name approval letter copy (x 2)

21 22

Trade name approval letter (x 2)

21 22

Comment to Chairman of FICC

Signed trade name approval letter copy

Signed original trade name letter

Deposit request letter

Trade Name letter (x 2)

26 29

Deposit confirmation letter (x 2)

26 29

Memorandum of association sample (x 2)

26 29

Initial acceptance for local company (x 2)

28 29

Commitments to abide by regulations

Company registration form

Commitment for not using ration card

Name verification request form

Approved of application for Company trade name

List of fees payment (x 2)

32 33

Payment receipt (cheque)

registration fees payment Receipt

Representatives

Power of attorney (x 14)

1 2 3 4 5 13 14 15 23 24 25 26 28 29

Bar association ID

Bar association ID (x 8)

14 15 23 24 25 26 28 29

Estimated cost IQD 4,014,900

USD

USD Add Name Here

This is an estimate based on a series of assumptions which you can modify to calculate your own costs:

Cost detail	Estimate your cost
IQD 500,000 Insurance fees
IQD 25,000 Issuing a trade name certificate fees
IQD 500,000 as maximum for trade activity related to Contracting Company - Pharmacy - Tourism - Travel - Hajj and Umrah - Banking Company - Oil - Security - Drugstores and other that have been metioned in fees list based on trade activity
IQD 250,000 As a maximum for other commercial activities mentioned in the list of fees for commercial activity
IQD 4,750 Fees for reservation the trade name
IQD 1,000,000 Currencies buy and sell company, Oil services company, Security services company, Medical supplies company, Demining company
IQD 500,000 Airlines company, Travel and tourism company, Contracting company, Hajj and umrah company, Tourist hotel company
IQD 150,000 Trade companies and commercial agencies, Public services company, Agriculture company, Food supply company, Shipping and unloading company, Public transport company, Hunting rifles and it’s accessories company, Internet services company, Training and human development company, Real estate investment company
IQD 5,000 Support fees
IQD 1,000,000 Minimum deposit amount
IQD 20,000 Registration Fees
IQD 25,000 Publication of the invitation of the General Assembly in the Special Bulletin, or publishing of the decision to establish a company.
IQD 5,000 Documenting information on other institutions and companies
IQD 5,000 Audit the establishment contact of the company to be established
IQD 10,000 Request advocacy
IQD 5,000 application for the preservation and ratification of the foundation contacts
IQD 3,000 Fees to grant the reviewers form
- IQD 3,000 - 0.3 % capital amount stamp fees	1,000,000 The minimum capital is 1,000,000 IQD
IQD 650 Stamp Fees
- IQD 3,500 - 0.35 % capital amount Fees for the establishment of a company whose capital is one million or more	1,000,000 The minimum Capital is 1,000,000 IQD