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Steps (8) arrow_drop_up arrow_drop_down
Get land map of the project  (2) expand_more expand_less
Get a study of the project expand_more expand_less
Submit investment application  (5) expand_more expand_less
Get investment license  (1) expand_more expand_less
Open a current bank account expand_more expand_less
Create bank account Optional
Get check book Optional
Get project finance plan expand_more expand_less
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Get project finance plan letter
(last modified: 07/08/2019)

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
List of accredited banks-قائمة بالمصارف المعتمدة List of accredited banks-قائمة بالمصارف المعتمدة

Expected results

Project finance plan

Requirements

1.
Request for project finance plan (original)
2. 01 - Libre deuda de patente
Current account card (original)
3. 01 - Libre deuda de patente
Bank guarantee (original)
The investor provides a guarantee from the bank outside Iraq to ensure the financing of the project. Must be certified by the Iraqi Consulate in the mother country.
4. Parent company guarantee
Parent company guarantee (original)
Must be certified by the Iraqi Consulate in the mother country.
5. 01 - Libre deuda de patente
Account statement (original)
For the last three financial years for the foreign company.
6. 01 - Libre deuda de patente
ID or passport (original)
For authorized persons.

Cost

The fees amount for the Financing plan request is varying according to each bank policy.
The cost will be deducted from customer bank account.

Time frame

Waiting time in queue: Min.   30mn - Max.  1h.
Attention at counter: Min.   30mn - Max.   1h.

Legal justification

1. Regulations of guarantee letter
Regulations of guarantee letter
2. Federal budget law - Republic of Iraq - 2018
Federal budget law - Republic of Iraq - 2018

Additional information

In order to get a financing plan for the project, the company or investor should be a client in the specific bank not less than 6 months.
The company must have an amount that is enough to cover 25% of the project to obtain the project finance plan.
If he has an account in a foreign bank with a branch in Iraq, he will be able to finance the project from his account by bringing a bank statement for the last three years
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