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Steps (35)

Obtain current account - individual (2)

1 Creating account - individual

2 Obtain check book - individual

Obtain financial capacity - individual (1)

3 Get financial capacity letter - individual

Obtain a rent contract (1)

4 Sign a premises rent agreement

Obtain trade name approval (12)

5 Obtain request approval letter

6 Get orientation command to computer database and fund payment

7 Obtain confirmation of trade name not registered

8 Pay premises verification fee

9 Audit payment and get stamp

10 Get trade name registration request form

11 Fill trade name registration request form

12 Audit request form and get orientation command to fund payment

13 Pay trade name registration fee

14 Audit payment and get stamp

15 Get name registration stamp

16 Get signature on name registration stamp

Obtain trader ID (11)

17 Get BCC membership request form

18 Fill BCC membership form

19 Get a folder number

20 Get received date for BCC membership form

21 Verify membership required document

22 Get a class decision

23 Obtain merchant class

24 Pay fees according to merchant class

25 Audit payment and get stamp

26 Register information to computer system

27 Obtain BCC ID

Obtain trade name registration certificate (8)

28 Get application file number

29 Collect application file

30 Get certificate print command

31 Get printed certificate

32 Get certificates verified

33 Get certificates signed by the trade name manager

34 Get certificates signed by the BCC Director General

35 Get registration certificate

3

Get financial capacity letter - individual
(last modified: 25/08/2019)

Contact details
Additional information

Costs

( ver detalles )

Timeframe ( ver detalles )

Free of charge

10 mn - 15 mn

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

Expected results

Financial efficiency letter - individual

Requirements

National ID (original)

Financial efficiency request letter as individual (original)

Current account card (original)

Cost Free

The fees amount for the financial efficiency request is varying according to each bank policy

Time frame

Waiting time in queue: Min. 5mn - Max. 5mn

Attention at counter: Min. 5mn - Max. 10mn

Legal justification

Financial efficiency of local companies and traders

Law of the Federation of Iraqi Chambers of Commerce No. 43 of 1989
articles 17, 53

Additional information

* Most banks require when customer request an financial efficiency as trader have dealing with bank and depend on Volume of financial transactions ( Net profit ) to at less six month and other banks required for 1 year ( depend on bank policy ).
* The cost will be deducted from customer bank account.