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  1. Investor services
  2. Investment license for housing projects below US$ 250 million (Foreign company)
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Preview & Print

Properties

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
★ Get project finance plan letter Optional
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★
Create bank account
(last modified: 03/05/2021)

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

Current account card

Requirements

1. 01 - Libre deuda de patente
Request to open a current account (original)
Issued by the company to the bank, signed by company branch manager, stating the names of authorized persons who run the account along with samples of their signatures and their titles also determine the validity of amount drawing for the authorized persons.
2. KYC form
KYC form (original)
Know your customer by filling out a current account opening form
3. 01 - Libre deuda de patente
Registration license (original)
Original or certified copy of registration license of the branch or the company office in Iraq issued by Iraqi companies registration department.
4. 01 - Libre deuda de patente
Registration license of the parent company (original)
Issued by competent government authority attested by the Iraqi Embassy at the country of incorporation.
5. 01 - Libre deuda de patente
Minutes of Meeting (original)
States the powers of the authorized manager of the foreign company in Iraq, to check his powers in opening current accounts in the private banks.
6. 01 - Libre deuda de patente
Memorandum of association (Translated to Arabic) (original)
7. 01 - Libre deuda de patente
Authorization letter (Translated to Arabic) (original)
8. 01 - Libre deuda de patente
Account statement (original)
For the last three financial years for the foreign company
9. 01 - Libre deuda de patente
Company's stamp
10. 01 - Libre deuda de patente
Photo (2 original )
Personal photo
11. 01 - Libre deuda de patente
ID or passport (original)
For authorized persons

Cost

The cost will be deducted from customer bank account

Time frame

Waiting time in queue: Min.   15mn - Max.  30mn
Attention at counter: Min.   15mn - Max.   30mn

Legal justification

1. Central bank of Iraq (CBI) instructions on KYC form
Central bank of Iraq (CBI) instructions on KYC form
2. Regulations of anti money laundering and terrorist financing
Regulations of anti money laundering and terrorist financing
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