Republic of Iraq | |
|---|---|
| Anthem: مَوْطِنِيْ Mawṭinī "My Homeland" | |
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| Capital and largest city | Baghdad 33°20′N 44°23′E / 33.333°N 44.383°E |
| Official languages | |
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| Ethnic groups (1987) | |
| Religion (2020) |
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| Demonym(s) | Iraqi |
| Government | Federal parliamentary republic |
| Abdul Latif Rashid | |
| Muhammad Shayya al-Sudani | |
| Mahmoud al-Mashhadani | |
| Legislature | Council of Representatives |
| Federation Council | |
| Council of Representatives | |
| Establishment | |
| 3 October 1932 | |
| 14 July 1958 | |
| 15 October 2005 | |
| Area | |
Total | 438,317 km2 (169,235 sq mi) (58th) |
Water (%) | 4.93 (as of 2024) |
| Population | |
2024 census |  46,118,793 (34th) |
Density | 82.7/km2 (214.2/sq mi) (125th) |
| GDP (PPP) | 2024 estimate |
Total | $655.417 billion (48th) |
Per capita | $14,757 (110th) |
| GDP (nominal) | 2024 estimate |
Total | $264.149 billion (46th) |
Per capita | $5,947 (106th) |
| Gini (2012) | 29.5 low inequality |
| HDI (2023) | 0.695 medium (126th) |
| Currency | Iraqi dinar (IQD) |
| Time zone | UTC+3 (AST) |
| Calling code | +964 |
| ISO 3166 code | IQ |
| Internet TLD | |
Iraq, a country located in Western Asia, has been experiencing steady economic growth over the past few years, making it an attractive destination for business owners and investors. If you are considering registering a business in Iraq, there are several important steps to follow.
Table of Contents
Step 1: Choose the Type of Business Entity
The first step in registering a business in Iraq is to determine the type of business entity that you want to form. The most common forms of business entities in Iraq are sole proprietorships, partnerships, and limited liability companies (LLCs). Each has its own advantages and disadvantages, so it’s important to do your research and choose the one that best suits your needs.
Step 2: Choose a Business Name
Once you have decided on the type of business entity, the next step is to choose a name for your business. The name should be unique and not already registered with the Iraqi government. You can check the availability of a name by conducting a search on the Iraqi Company Registrar’s website.
Step 3: Obtain a Commercial License
To conduct business in Iraq, you will need to obtain a commercial license from the Ministry of Trade. This license will allow you to legally operate your business in the country.
Step 4: Register with the Tax Authority
All businesses operating in Iraq are required to register with the General Commission for Taxes (GCT) and obtain a tax identification number (TIN). This is necessary for paying taxes and complying with Iraqi tax laws.
Step 5: Register with the Social Security Department
As an employer, you will need to register with the Social Security Department to provide social security benefits to your employees. This is required by law in Iraq.
Step 6: Register with the Chamber of Commerce
Registering with the local Chamber of Commerce is not mandatory, but it is recommended. It can provide your business with networking opportunities and access to resources and information.
Step 7: Register with the Iraqi Company Registrar
Finally, you will need to register your business with the Iraqi Company Registrar. This involves submitting the necessary documentation, such as your commercial license and articles of association, and paying the required fees. Once your registration is approved, you will receive a certificate of incorporation.
Working with Generis Global Navigating the process of registering a business in Iraq can be complex and time-consuming. Generis Global can help you with the legal aspects of your business journey in this country. Our team of experienced professionals can guide you through each step of the registration process and ensure that your business is set up for success. Contact us today to learn more.
