How to do business in Kurdistan

 

For investment enquiries please visit the website of the Kurdistan Region Board of Investment.

The Kurdistan Region Investment Law outlines the Region’s policy for direct investment, and has been instrumental in promoting economic growth.
Kurdistan Investment Board Head Office:
Erbil City, In front of the Council of Ministers Building, 30 Metre Street
Telephone: +964 (0)66 2531559 / 253 5010
Email: info@kurdistaninvestment.org

Slemani Branch:

Slemani City – Hammdi Street, Kani Askan District
Telephone: +964 (0)53 312 39 07 / 312 3918
Email: suli@kurdistaninvestment.org

Duhok Branch:
Duhok City – 1st Shubat Street
Telephone: +964 (0)62 7627175 / 7627 013
Email: duhok@kurdistaninvestment.org

 

The Federation of Kurdistan Region Chambers of Commerce:

  • Erbil Chamber of Commerce
    President: Mr Dara Jalil Khayat
    Website: www.erbilchamber.org
    Email: erbilchamberofcommerce@yahoo.com
    Tel: +964 (0)66 2222014, +964 (0)66 2222162, +964 (0)66 2230671
    Address: Aras Street, Chamber of commerce BLDG., Erbil, Kurdistan Region, Iraq

 

  • Slemani Chamber of Commerce
    President: Mr Sirwan Mohamed Mahmood
    Website: www.sulcci.com
    Email: info@sulcci.com; sulaimanychamber@yahoo.com; info@sule-chamber.org
    Tel: +964 (0)53 312 3293 / 3772 / 6845. Fax: +964 (0)52 312 6985
    Address: Sulaimany Salim St, Opp. Sulaimany Museum, SCC Building, Kurdistan Region, Iraq

 

  • Duhok Chamber of Commerce
    President: Mr Ayad H. Abdul Halim
    Website: www.duhokchamber.com
    Email: info@duhokchamber.com; ayad@duhokchamber.com
    Alternative email: abdulhalim_h@yahoo.com
    Tel: +964 (0)750 471 7827

 

Kurdistan Contractors Union
The Kurdistan Contractors Union represents local contracting companies
President: Mr Ahmad Aziz Rekani
Website: www.balendaran.com
Email: balendaran@yahoo.com
Tel: +964 (0)53 321 0496
Tel: +964 (0)7701 433333
Tel: +964 (0)7701435822
Tel: +964 (0)750 112 6969

 

Importers and Exporters Union of Iraq, Kurdistan Region
The Kurdistan branch of the Importers and Exporters Union represents local companies that trade internationally
Chairman: Mr Mustafa Abdulrahman Abdullah
Website: www.ieku.org/English.aspx
For contact details click here

 

Trade and Industry
For trade enquires please contact the Ministry of Trade and Industry

 

Trade Missions
The KRG welcomes inward trade or investment missions. Companies and trade associations can contact the KRG for advice on visiting the Region and exploring business opportunities. Contact the KRG Department of Foreign Relations at dfr@krg.org or your nearest KRG Representation.

The KRG regularly welcomes and assists inward business delegations from many countries, including from the Czech Republic, France, Germany, Italy, Japan, Jordan, South Korea, Lebanon, Spain, Turkey, the US and the UK. Please contact your country’s trade ministry or trade associations to enquire about their missions to the Kurdistan Region.

 

Registering a company or branch in the Kurdistan Region
Note: It is strongly advised to seek appropriate local legal assistance

  • Requirements for incorporating a limited liability company in the Kurdistan Region and documents/actions needed:
  • reservation of name of proposed company at Chamber of Commerce;
  • completed application form;
  • draft company statement/company contract (similar to a memorandum of association);
  • for each corporate shareholder:
  • certificate of incorporation;
  • articles of association/charter;
  • board resolution approving incorporation of a subsidiary in the Kurdistan Region;
  • power of attorney in favour of a Kurdistan Region lawyer to undertake
  • incorporation procedures;
  • or each individual shareholder:
  • passport copy;
  • power of attorney in favour of a Kurdistan Region lawyer;
  • lease of premises in the Kurdistan Region;
  • evidence of residency of proposed managing director in the Kurdistan Region;
  • deposit of initial share capital (minimum one million Iraqi dinars);
  • appointment of statutory lawyer;
  • appointment of statutory accountant

All documents submitted to the Companies Registry must be in Kurdish or Arabic or accompanied by a translation. Documents signed outside Iraq must be notarised and legalised at the nearest KRG Representation Office or Iraqi Embassy.

Requirements for registering a branch office of a foreign company in the Kurdistan Region and documents/actions needed:

  • completed application form; certificate of incorporation of foreign company registering branch office (“Parent Company”);
  • articles of association/charter of Parent Company;
  • power of attorney in favour of a Kurdistan Region lawyer to undertake registration procedures;
  • certificate of incorporation of each corporate shareholder in Parent Company;
  • articles of association/charter of each corporate shareholder in Parent Company;
  • copy of passport of each individual shareholder in Parent Company;
  • audited financial statements of Parent Company;
  • letter from Parent Company authorising registration of the branch office;
  • letter from Parent Company undertaking to assume liabilities of the branch office;
  • lease of premises in t he Kurdistan Region;
  • evidence of residency of proposed chief management official in the Kurdistan Region;
  • appointment of statutory lawyer;
  • appointment of statutory accountant

All documents submitted to the Companies Registry must be in Kurdish or Arabic or accompanied by a translation. Documents signed outside Iraq must be notarised and legalised at the nearest KRG Representation Office or Iraqi Embassy.

Most of the procedures outlined above can be undertaken by a local lawyer and accountant. To find a local lawyer please contact the Kurdistan Lawyers Syndicate.

 

Working in the Kurdistan Region Oil & Gas Services Sector
Please click
here for official instructions; also available at the KRG Ministry of Natural Resources website.

Notice:

The goods and humanitarian assistance to the refugees and IDPs are exempted from taxation according to the article 156 of Iraqi Taxation Law No. 23 in 1984

The consulates and the diplomatic missions are exempted from taxation according to the articles (156, 157, 158, 159, 160) of the Iraqi Taxation Law No. 23 in 1984

The projects of investment would be exempted from the taxation according to Kurdistan Ivvestment Law No. 4 in 2006 so far as they have investment permission and the Certificate of Origin.