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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Baghdad Investment Announces receiving assurances to amend the investment law and the return of fore

    Rocky
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    Baghdad Investment Announces receiving assurances to amend the investment law and the return of fore Empty Baghdad Investment Announces receiving assurances to amend the investment law and the return of fore

    Post by Rocky Tue 30 Sep 2014, 6:00 am

    Baghdad Investment Announces receiving assurances to amend the investment law and the return of foreign companies to Iraq
     
     
    09/30/2014 09:51

    Tomorrow's Press / BAGHDAD: Prime Investment Authority, Baghdad Shaker Zamili, on Tuesday, for the body assurances to amend the investment law to the equivalent of the current phase in Iraq, noting that the Authority received promises the return of companies retreating into the country. said Zamili for "tomorrow Press", "The Law Investment In the amended second pregnancy in some paragraphs things do not meet the ambitious investor, whether local or foreign Therefore shall modify, "noting that" Investment Baghdad found a number of bodies to invest in the provinces need to modify particular with regard to topics exemption Alkmarki and bank guarantees and the nature of the allocation of land. " and It added that "the law is now in the stage of preparation and study by a committee formed by investment bodies provinces and the National Authority for Investment and during a period of a few will be sent to the House of Representatives to read it and vote on it," pointing out that "the law in the new version will support the investment process is not in the capital only but in all governorates of Iraq. " On the other hand, pointed Zamili that "security incidents experienced by some provinces impact negatively on some of the projects in the capital of Baghdad, forced a number of companies to withdraw and stop the implementation of projects," asserting that "the Commission's efforts The general situation in Baghdad called for those companies to think seriously to return to work. " explained Zamili that "companies reassured body that return will be very close and will resume work efforts exceptional to get into the early stages of advanced projects." mentions that the House passed in October of the year 2006, the Iraqi investment law, which it was said at the time that it would open the door to foreign investment, due to submit a lot of facilities to foreign investors, but many foreign companies are still hesitant because of fears that the security situation is stable in Iraq, in addition to that Law did not give investors the right to ownership of the property for the project, and equated the Iraqi investors and foreign investment in each concession, with the exception of real estate ownership, as foreign investors can lease land for 50 years, subject to renewal, according to paragraph 11 of the Investment Law.

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