How to do Business in Kurdistan Region

How to do Business in 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 the 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 the 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 a statutory lawyer;

• appointment of statutory accountant