New legislation to the Investment Authority to facilitate entry of companies into the country
12/26/2012 12:00 am
prepared the National Investment Commission action plan for the next year, in order to activate the investment process and facilitate the entry of companies into the country. confirmed head of the Sami al-Araji's "Brief Center for the Iraqi Media Network" yesterday: "The plan prepared by the body for the next year, which included several aspects, most notably the adoption of a package of legislation which is currently considering legal by the General Secretariat of the Council of Ministers and the Council of State, including the amendment of investment law, in addition to a number of law-related legislation. " Araji pointed out that "the National Investment Commission met all the bodies scattered in the provinces, and conducted a comprehensive assessment of the overall work during the year 2012," explaining that "the assessment conducted by the Commission revealed provinces performance of its duties significantly, with reference to the investment process needs more time. "He went on to say that" the Commission has completed marking the achievements, as well as the obstacles that can be overcome through next year. " Iraq acknowledged in 2006 Law No. 13 private investment in order to encourage foreign companies to enter the country and engage with the government in the reconstruction of crumbling infrastructure due to wars and international sanctions imposed on Iraq. Long-law amendment in 2009 allowed the foreign investor the right to own land and property belonging to the State allowance determined in accordance with a special system, as part of his right to own land and property belonging to the mixed and private sectors for the purpose of establishment of housing projects.
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