Trade: Adoption of electronic clearing for payment of fees
05/10/2017 12:00 am
[rtl]BAGHDAD / Al-Sabah:
The Ministry of Commerce announced that the registration office of companies will work with electronic clearing system to pay the fees.
This was confirmed by the Director General of Corporate Registration Department Abdul Aziz Jabbar Abdul Aziz, stating in a statement that "his department seeks to adopt electronic clearing in payment of fees, as the central bank has been approached, and the next period will be the adoption of electronic clearing in the payment of fees, The Visa card was approved to pay the fees and the bank of Rasheed, Rafidain and TBI Bank approached this matter. "
He added that his department is working on documenting the procedures that take place in the companies from the establishment until the classification and write-off, which passes through 38 procedures, whether registration for foreign or local companies, and facilitating the procedures in line with the government's approach to opening up investment. With all the required documents of those wishing to register their companies in Arabic and English. "
As for the laws in which the department operates, Abdul Aziz pointed out that "there are a number of laws and obstacles that stand in the way of the work of the Registrar of Companies and are not in line with the technological development taking place in the work of the Department, especially with the current government orientation towards the free economy." "The law of commercial agencies allowed the distribution system in Iraq, which allowed the distributor and the commercial agent to work in Iraq, especially that there is an important text serving the national economy, namely not to allow non-Iraqi to be a distributor or agent and this serves the national interest and development of Iraqi companies to become Agencies for p The foreign Mieh opens her door to develop the commercial and technical capabilities and the development of special Mlakatha capabilities ", especially that directed the government to simplify procedures that enhance the speed of the recording companies."[/rtl]
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