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Preview & Print

Properties

Steps (35) arrow_drop_up arrow_drop_down
Obtain current account - individual  (2) expand_more expand_less
Obtain financial capacity - individual  (1) expand_more expand_less
Obtain a rent contract  (1) expand_more expand_less
Obtain trade name approval  (12) expand_more expand_less
Obtain trader ID  (11) expand_more expand_less
Obtain trade name registration certificate  (8) expand_more expand_less

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Summary of the procedure

Institutions involved 3 expand_more expand_less

Any accredited bank (x 3)
Any stationery and office Supplies kiosk

Results 2 expand_more expand_less

BCC ID
Registration certificate

Required Documents expand_more expand_less

KYC form
Request to open a current account
Photo (x 2)
Current account card (x 2)
Financial efficiency request letter as individual
Any rent contract form
Financial efficiency letter - individual (x 10)
Rent contract - individual entrepreneur (x 4)
Letter declaring that the entrepreneur is not a civil servant (x 6)
Request approval letter for BCC membership (x 12)
Rent contract - individual entrepreneur
Orientation command to computer database and fund payment
Confirmation of trade name not registered
Stamp-premises verification
Receipt-premises verification fee
Trade name registration request form
Audit stamp- premises verification (x 7)
Registration request form - applicant attendance approve
Filled name registration request form
Audited form with orientation command
Registration fee receipt
Stamped of registration fee receipt
Registration fee receipt audited
Audit stamp- name registration request form (x 3)
Registration name stamp - on the back of registration fee receipt audited
sign on registration name stamp - on the back of registration fee receipt audited (x 4)
BCC membership request form
BCC membership request form - applicant attendance approve
Filled BCC membership form (x 2)
Receiving date stamp
Folder number (x 2)
Rent contract - individual entrepreneur
Residence card (x 5)
Obtain merchant class
Merchant information ID form
Merchant class fees receipt
Stamp of merchant class fee receipt
Merchant information ID form audited
Audit merchant class fees receipt stamp
Completed merchant information ID form
Application file date and number
Letter declaring that the entrepreneur is not a civil servant (x 4)
Trade name registration info (x 5)
Certificate print command
Trade name registration certificate
Verified certificate
Verified certificate copies
Signature of trade name manger on registration certificate
Signature of trade name manger on registration certificate copies
DG signature on registration certificate
DG signature on registration certificate copies

Estimated cost IQD  2,909,250

expand_more expand_less

USD expand_more expand_less
  • USD Add Name Here
IQD 15,000
IQD 5,000
Registration fee in the registry
IQD 2,500
Services fee
IQD 500
Stamp fee
IQD 500
Publishing fee
IQD 250
Verification fee
IQD 1,500,000
BCC support fee for excellent class
IQD 35,000
ID fee for new membership
IQD 5,000
Orphan fee
IQD 25,000
War effort fund for excellent , first, second classes
IQD 7,500
Annual subscription allowance for excellent class
IQD 1,000,000
BCC support fee for first class
IQD 35,000
ID fee for new membership
IQD 5,000
Orphan fee
IQD 25,000
War effort fund for excellent , first, second classes
IQD 5,000
Annual subscription allowance for first class
IQD 175,000
BCC support fee for second class
IQD 35,000
ID fee for new membership
IQD 5,000
Orphan fee
IQD 25,000
War effort fund for excellent , first, second classes
IQD 3,000
Annual subscription allowance for second class

Total Duration 1 d - 1 d expand_more expand_less

  Min. Max.
Total time (sum): 1 d 1 d
of which:
Waiting time in queue (sum): 2h. 15mn 5h. 20mn
Attention at counter: 3h. 25mn 6h. 30mn

Laws 15 expand_more expand_less

 Law of the Federation of Iraqi Chambers of Commerce No. 43 of 1989 Law of the Federation of Iraqi Chambers of Commerce No. 43 of 1989
  articles 17, 53
Central bank of Iraq (CBI) instructions on KYC and  FATCA form Central bank of Iraq (CBI) instructions on KYC form
Decision of ID fee for new membership Decision of ID fee issuing for new membership
Decision of orphan fee Decision of orphan fee
Decision of war effort fees Decision of war effort fees - excellent, first, second class
Decision on location verification fees Decision on premises verification fees
Decision on registration fee Decision on registration fee
Fees for different services Fees for different services
Financial efficiency of local companies and traders Financial efficiency of local companies and traders
Law of commerce No 30 of 1984 Law of commerce 1984
  articles 5, 7, 8, 9, 11, 21, 22, 26, 27
Supervisory controls for banks and non-bank financial institutions regarding the combating of money laundering and the financing of terrorism Regulations of anti money laundering and terrorist financing chapter 2
  Article 1
Resolution (60) for the year 1999 amendment modify subscription fee in Iraq Chambers of Commerce Resolution (60) for the year 1999 amendment modify subscription fee in Iraq Chambers of Commerce
Service fees and support amounts instructions Service fees and support amounts instructions
Trade Names System and Commercial Registration No. (6) for the year 1985 Trade names system and commercial registration 1985
  articles 1, 2, 3, 4, 5
System No. 6 of 1985 on Trade Names and Commercial Registration Numbers Trade names system and commercial registration 1985
  Article 5
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