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Steps (15)

Obtain trade name initial approval letter (BCC) (1)

1 Obtain initial approval letter for trade name

Obtain trade name approval (FICC) (4)

2 Verify approval letter and get orientation command

3 Pay fees and stamp the trade name letter

4 Print and sign trade name letter

5 Obtain final trade name approval letter

Obtain capital deposit approval (2)

6 Deposit capital amount

7 Get deposit confirmation letter

Obtain registration approval (7)

8 Apply for registration online

9 Receive initial approval

10 Get badge card

11 Check trade name and obtain list of fees

12 Pay registration fees - Al Rasheed bank

13 Confirm list of fees and get stamp

14 Get receipt

Get local company registration license (1)

15 Get registration license

6

Deposit capital amount
(last modified: 02/09/2021)

Contact details

Costs

( ver detalles )

Timeframe ( ver detalles )

Espera hasta paso siguiente

Free of charge

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

Person in charge

Counter staff

List of accredited banks-قائمة بالمصارف المعتمدة

Expected results

Deposit form receipt

Requirements
Representatives

Deposit request letter (original)

National ID (original)

In case of authorized person

Power of attorney (original)
for authorized person only

Bar association ID (original)

Cost Free

The minimum amount of deposit depends on the activity of the company

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- List of accredited banks http://www.mot.gov.iq/upload/upfile/ar/814.pdf

2- List of accredited banks http://www.mot.gov.iq/upload/upfile/ar/851.PDF

Company law-21 of 1997 registration (as amended in 2004) - Arabic
Article 16

Company law-21 of 1997 registration (as amended in 2004) - English
Article 16

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