Increase the number of foreign companies during the first half of 2014
[tlm724] that Iraq is a promising market to accept all investment projects needed by the country and which can be carried out by foreign companies owning wealth and considerable resources.
[tlm724] which in turn will be active in the Iraqi economy through the implementation of the investments different
[tlm724] investments different is a diversified economy with new businesses in all sectors not just oil
[tlm724] and as soon as we see some stability return to Iraq we will see further progress as far as investment
[tlm724] they are working to modify the Investment Law
[tlm724] but he said at the same time weakening trend of foreign companies to enter the Iraqi market because of the bureaucracy and the security situation
[tlm724] increase the years of exemption from taxes and fees way directly proportional to increase the participation rate of the investor Iraq in the project for up to 15 years if the Iraqi Investor share in the project is more than 50 percent
[tlm724] both Iraqi and foreign investment can share in this incentive
[tlm724] and while we are talking about the Investment Law let me show you something else
[tlm724] Cabinet agrees to withdraw the law of the Federal Court of Parliament 8/13/2014 0:00 Granting the Ministry of Education 12 billion to pay dues exams and wages examiners BAGHDAD morning and the Cabinet approved the withdrawal of the draft law of the Federal Court of the House of Representatives,
and handed over another bill instead of him, and when he decided that the Ministry of Finance financing the current account balance to the Ministry of Education opened at the Rafidain Bank to repay dues examinations of wages examiners and observers, auditors, approved the bill the second amendment to the Investment Law No. 13 of 2006, the auditor by the Council of State.
[tlm724] Cabinet agrees to withdraw the law of the Federal Court of Parliament
[tlm724] now don't freak out over that ^^^ , they are creating a new law to be presented in this period
[tlm724] approved the bill the second amendment to the Investment Law No. 13 of 2006, the auditor by the Council of State.
[rsp1] They've had to tweak many of their laws since they're so antiquated.
[tlm724] and the well, the ratification of the "issuing system of the First Amendment to the investment system No. 2 for the year 2009, according to the provisions of Article 8 / item II of the Constitution and the item / First of Article 31 of the Investment Law No. 13 of 2006 with the deletion of materials relating to the establishment circles, as well as investment fund.
[rsp1] Gotta get with the times.
[tlm724] well it's not so much antiquated as it is the economic landscape has changed, it's very fluid right now
[rsp1] with the past government not passing many laws, it's much needed to allow for growth.
[tlm724] I fully expect to see these changes presented to Parliament very soon and they will have a full schedule no doubt. It will be the litmus test to see what the new GOI can accomplish.
Former head of the Kurdistan Parliament: the change in Baghdad will enhance cooperation to defeat terrorism and the settlement of disputes
[tlm724] the change in Baghdad will enhance cooperation to defeat terrorism and the settlement of disputes *hallelujah*
[tlm724] hey this is a good time for you all to re-read this chat BondLady and Admins Chat 6/14/2014
[tlm724] it talks about this situation forcing Iraq to come together as a nation as we see them doing now
Iranian-American agreement on the support .. Abadi and Saudi Arabia are considered commissioning "good news" [