Iraq

At the intersection of culture and commerce, Iraq has always had a long embedded trading history, and commercial traditions. This, combined with its more modern natural resource infrastructures, has truly allowed Iraq to thrive. Iraq is home to the world’s second largest proven oil reserves, and has enjoyed regular increases in its GDP. The nation’s strategic location, at the center of many historic and modern day Middle Eastern trade routes provide undeniable advantages and attractive opportunities investors looking for avenues by which to forge new relationships, construct new operations, and develop mutually beneficial business connections. Under the Federal Law of Iraq, foreign investors are awarded the same rights and privileges as those granted to Iraqi entities.

Rights are afforded to them in terms of investment, owning of shares and exposure to Iraq’s trade market. The Iraqi government also offers protection against confiscation of capital, and moreover offers investors a guarantee of free movement. Foreign investors in the Iraqi region may enjoy a range of generous benefits, including the potential of a 10-year tax exemption, and the ability to repatriate investment and profits. Foreign investors also enjoy the rights to trade stocks and bonds as listed on the Iraqi Stock Exchange, and may lease land for the sake of investment projects for a period of 50 years. With the private sector developing increasingly flexible investment policies, and opening a wealth of new avenues, opportunities of foreign trade and investment have progressed at an unprecedented scale.

The economy of Iraq presently has interest in the reconstruction of private and government infrastructures, along with distribution. Both government and security forces have made great efforts toward improving their progressive trade and investment platforms, reassuring citizens and foreign investors alike of their freedoms of investment in this thriving economy.