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Prime Minister launches «Baghdad electronic portal» to simplify the procedures of investors
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The Secretariat General of the Council of Ministers in cooperation with the International Organization of UNCTAD and in coordination with the Economic Department at the US Embassy in Baghdad, Monday, launched Baghdad electronic portal to document and simplify the procedures of investors and registration of foreign companies.
Al-Amana said in a statement received by Al-Iktissad News that the portal will shorten the registration procedures of foreign investment companies from 34 to 18 steps. The portal will include all administrative services for various sectors in the future.
He added that "it contains a manual of procedures for registration of companies, the mechanism of submission of required documents, and how to obtain the certificate thereof, and steps to obtain the approval of registration, and the license of the work of foreign companies."
The statement said that "the site provides investors with a summary of the registration procedures, the documents required to be submitted during registration, the financial costs of each step, and provides legal texts on the work of companies and investment."
According to the statement, the portal determined the expected time to obtain the registration certificate, ranging from 5 to 11 days.
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