Invalid column name 'oldid'.
  1. Registering a business
  2. Registering a local company (initial procedure)
Summary print

Preview & Print

Properties

Steps (35) arrow_drop_up arrow_drop_down
Request a trade name  (16) expand_more expand_less
Obtain a trade name  (8) expand_more expand_less
Obtain deposit approval  (2) expand_more expand_less
Obtain registration approval  (8) expand_more expand_less
Get local registration license  (1) expand_more expand_less

25
Deposit capital amount
(last modified: 04/02/2022)

Costs

( ver detalles )

Timeframe ( ver detalles )

Espera hasta paso siguiente

IQD 1000000
15 mn  -  30 mn
3 days  -  7 days

Contact details

Entity in charge

Any accredited bank


Unit in charge

Any bank counter

Mon: 08:00 - 14:00
Tue: 08:00 - 14:00
Wed: 08:00 - 14:00
Thu: 08:00 - 14:00
Fri: closed
Sat: closed
Sun: 08:00 - 14:00

Expected results

Deposit form receipt

Requirements
Representatives

1. 01 - Libre deuda de patente
Deposit request letter (original)
2. 01 - Libre deuda de patente
National ID (original)
In case of authorized person
1. 01 - Libre deuda de patente
Power of attorney (original)
for authorized person only
2. 01 - Libre deuda de patente
Bar association ID (original)

Cost IQD  1,000,000

USD expand_more expand_less
  • USD Add Name Here
IQD 1,000,000
Minimum deposit amount
Payment methods: cash, check, or transfer from the founder's account

Time frame

Waiting time in queue: Min.   5mn - Max.  10mn
Attention at counter: Min.   10mn - Max.   20mn
Waiting time until next step: Min.   3 days - Max.   7 days

Legal justification

1. 1- List of accredited banks
1- List of accredited banks http://www.mot.gov.iq/upload/upfile/ar/814.pdf
2. 2- List of accredited banks
2- List of accredited banks http://www.mot.gov.iq/upload/upfile/ar/851.PDF
3. Company law-21 of 1997 registration (as amended in 2004) - Arabic
Company law-21 of 1997 registration (as amended in 2004) - Arabic
Article 16
4. Company law-21 of 1997 registration (as amended in 2004) - English
Company law-21 of 1997 registration (as amended in 2004) - English
Article 16

Additional information

This procedure is apply in all banks

Recourse

Entity in charge

Any accredited bank


Unit in charge

Bank manager office

Mon: 08:00 - 14:00
Tue: 08:00 - 14:00
Wed: 08:00 - 14:00
Thu: 08:00 - 14:00
Fri: closed
Sat: closed
Sun: 08:00 - 14:00
Powered by eRegulations ©, a content management system developed by UNCTAD's Business Facilitation Program and licensed under Creative Commons License