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Properties

Steps (34) arrow_drop_up arrow_drop_down
Get trade name initial approval letter (BCC)  (13) expand_more expand_less
Obtain trade name approval (FICC)  (10) expand_more expand_less
Obtain capital deposit approval  (2) expand_more expand_less
Obtain registration approval  (8) expand_more expand_less
Get local company registration license  (1) expand_more expand_less

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Summary of the procedure

Institutions involved 5 expand_more expand_less

Federation of Iraqi chambers of commerce/ FICC (x 10)
Any accredited bank (x 2)
Ministry of trade - registrar of companies website (x 2)
Ministry of Trade - Registration of companies directorate (x 7)

Results 1 expand_more expand_less

Local company registration license

Required Documents expand_more expand_less

Trade name request form (x 2)
Attendance form
Orientation command to computer
Confirmation attendance (x 2)
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)
Initial trade name approval by advisor (x 2)
Stamp of first total payment receipts
Insurance fees receipt (x 2)
Trade based activity fees receipt (x 2)
Trade name admin fee receipt (IP)
Stamp of trade name admin receipt
Auditied all payment stamps
Copy of initial acceptance letter (x 2)
Original copy of initial approval letter (x 2)
Orientation command to Chairman of BCC
Reservation acceptance stamp (x 2)
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)
Trade name approval letter (x 2)
Comment to Chairman of FICC
Signed trade name approval letter copy
Signed trade name approval letter copy
Signed original trade name letter
Deposit request letter
Trade Name letter (x 2)
Deposit confirmation letter (x 2)
Memorandum of association sample (x 2)
Initial acceptance for local company (x 2)
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)
Payment receipt (cheque)
registration fees payment Receipt
Representatives
Bar association ID

Estimated cost IQD  4,014,900

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USD expand_more expand_less
  • 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 contract of the company to be established
IQD 10,000
Request advocacy
IQD 5,000
Application for the preservation and ratification of foundation contracts
IQD 3,000
Fees to grant the reviewers form
IQD 3,000 -
0.3 % capital amount
stamp fees
1,000,000 mode_edit
The minimum capital is IQD 1,000,000
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 mode_edit
The minimum capital is IQD 1,000,000

Total Duration 5 d - 12 d expand_more expand_less

  Min. Max.
Total time (sum): 5 d 12 d
of which:
Waiting time in queue (sum): 35mn 3h. 20mn
Attention at counter: 1h. 4h. 10mn
Waiting time until next step (sum): 5 d 11 d

Laws 19 expand_more expand_less

company law 21 as amended in 2004 company law 21 as amended in 2004
Company Law No. 21 of 1997 (as amended in 2004) Company Law No. 21 of 1997 (as amended in 2004) - english
Company Law-21 of 1997 Registration Company law-21 of 1997 registration (as amended in 2004)
Decision on registration fee Decision on registration fee
Federal Budget Law - Republic of Iraq - 2018 Federal budget law - Republic of Iraq - 2018
Instructions no. 6 of 1985 of trade names and commercial registration numbers Instructions no. 6 of 1985 of trade names and commercial registration numbers
Iraqi Civil law Iraqi civil law
Law of commerce No 30 of 1984 Law of commerce 1984
law of  Stamp fees 2012 Law of stamp fees 2012
Law of the Federation of Iraqi Chambers of Commerce Law of the federation of Iraqi chambers of commerce
Law of the federation of Iraqi chambers of commerce Law of the federation of Iraqi chambers of commerce
Commercial Agency Law regulating the commercial agency no. 51 of year 2000
Recommendations of the diwan order no. (11) for the year 2015 Recommendations of the diwan order no. (11) for the year 2015
Registration Agency Law No. 4 of 1999 Registration agency law no.4 of 1999
Trade law Trade law
Trade Names System and Commercial Registration No. (6) for the year 1985 Trade names system and commercial registration 1985
جدول الرسوم جدول الرسوم List of fees
قانون الشركات رقم 21 لسنة 1997 المعدل لسنة 2004 قانون الشركات رقم 21 لسنة 1997 المعدل لسنة 2004 - arabic
قرار مجلس قيادة الثورة (المنحل) رقم 82 لسنة 1999 قرار مجلس قيادة الثورة (المنحل) رقم 82 لسنة 1999 - Decision No. 82 of 1999 -
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