Federal Investor or Businessperson Entry Visa

This law was approved by the Iraqi Parliament in October 2006 and became effective in January 2007 in all sectors, except for investments in the production and extraction of oil and natural gas, and investments in the banking and insurance sectors,

The Commission grants an investment license based on the application submitted to it by the investor according to straightforward terms prepared by the Commission.

with the minimum capital of the project being covered by the provisions of this law being U.S. $250,000, (two hundred and fifty thousand U.S. dollars) or its equivalent in Iraqi dinars.

-Notifying the Commission, in writing, of the date of commencement of the operation of the commercial project.

- Investors must maintain proper accounting records. The investors must also have these records approved by a licensed Iraqi accountant.

- Commitment to the conformity of the schedule of work progress with the actual implementation.

المادة -٩-للمدير العام أو من يخوله منح الأجنبي سمة الدخول لأراضي جمهورية العراق والإقامة فيها لمدة سنة واحدة قابلة للتجديد في أي من الحالات الآتية : أولاً :الالتحاق برب أسرته أو ولي أمره.

• All foreign investors and non- Iraqi employees of licensed investment projects have the right to reside in Iraq as well as the right to unimpeded entry to, and exit from, the country.

المادة -٢١-أولاً :لمدير عام مديرية الإقامة العامة أو من يخوله ان يسمح للأجنبي الإقامة في جمهورية العراق لمدة ) (٣ثلاث سنوات لكل مرة تجدد عند الطلب للمدة ذاتها

و .المستثمرون ورجال الاعمال الذين لديهم اعمال استثمارية او تجارية داخل البلد .

• Foreign investors have the right to repatriate capital brought to Iraq, as well as any profits earned, pursuant to the instructions of the Central Bank of Iraq, after paying all taxes and debts owed to the Iraqi Government and all other authorities.