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:
- 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