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Properties

Steps (14) arrow_drop_up arrow_drop_down
Obtain trade name initial approval letter (BCC)  (1) expand_more expand_less
Obtain trade name approval (FICC)  (4) expand_more expand_less
Obtain capital deposit approval  (2) expand_more expand_less
Obtain registration approval  (6) 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

Baghdad chamber of commerce (BCC)
Federation of Iraqi chambers of commerce/ FICC (x 4)
Any accredited bank (x 2)
Ministry of trade - registrar of companies website (x 2)
Ministry of Trade - Registration of companies directorate (x 5)

Results 1 expand_more expand_less

Registration license for local company

Required Documents expand_more expand_less

Trade name reservation request
Initial approval letter for trade name
Registered initial approval letter
Payment fees receipt
Stamped initial approval letter
Signed trade name letter
Deposit request letter
Trade name letter (x 2)
Deposit confirmation letter (x 3)
Memorandum of association (x 3)
Initial approval for local company (x 3)
Company trade name letter
Commitment to abide by regulations (x 2)
Commitment to the accuracy of information (x 2)
Company registration form (x 2)
Ration card (x 2)
Commitment for not using ration card (x 2)
List of fees
Stamped payment receipt
Receipt
Representatives
Bar association ID (x 3)
Bar association ID (x 6)

Estimated cost IQD  1,790,150

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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 4,750
fees for reservation of the trade name including fees for examination and support which is 1250 IQD and fees for different services which is 3500 IQD
IQD 50,000
general trading companies are not requested to pay this fee
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 1,000
Save documents
IQD 20,000
Registration fees
IQD 650
Stamp duty of company contract and company establishment request
IQD 1,000
Fee for the consultancy services provided on how to establish simple companies
IQD 5,000
Fee for certifying the information of founders
IQD 750
Fee for request archiving
IQD 1,000
Advocacy fee
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
Verification if the shareholders are holding shares in other 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 1,000
Fees to grant the reviewers form
IQD 2,000
Fees cashier grants form
IQD 3,000 -
0.3 % capital amount
The minimum capital is IQD 1,000,000
1,000,000 mode_edit

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): 50mn 2h. 10mn
Attention at counter: 1h. 2h. 25mn
Waiting time until next step (sum): 5 d 11 d

Laws 18 expand_more expand_less

administration order for general trading companies fees administration order for general trading companies fees
Commercial agency regulation no. 79 of year 2017 Commercial agency regulation no. 79 of year 2017
Company Law No. 21 of 1997 (as amended in 2004) Company Law No. 21 of 1997 (as amended in 2004)
Company Law-21 of 1997 Registration Company law-21 of 1997 registration
Decision on registration fee Decision on registration fee
Fees for different services Fees for different services
Instructions no. 6 of 1985 of trade names and commercial registration numbers Instruction on trade names and commercial registration, 1985
  Article 6
Law of commerce No 30 of 1984 Law of commerce 1984
Law of the Federation of Iraqi Chambers of Commerce Law of the Federation of Iraqi Chambers of Commerce
  Article 9
Commercial Agency Law regulating the commercial agency no. 51 of year 2000
Wages list based on trade category List of fees based on trade category
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
System No. 6 of 1985 on Trade Names and Commercial Registration Numbers 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
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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