12:09 - 2023-06-20
Today, Tuesday, the Ministry of Commerce clarified the mechanism for registering new companies, while noting that 48 services related to company registration will be transferred to the electronic system within two weeks.
The Director General of Companies Registration in Iraq at the Ministry, Rashad Khalaf Hashem, said in a press statement, "The Ministry, through its website, clarifies the steps for those wishing to establish new companies, starting with the first step, which includes uploading documents on the system and sending them to the registrar and the required documents, and ending with obtaining a license to establish the company." .
He explained that "after the company's lawyer pays the fees, the incorporation license for the company is obtained within a maximum period of 10 days."
He pointed out that "the Ministry, in cooperation with the Chamber of Commerce and the Federation of Chambers, has enabled the citizen to submit the name of the company, book it, and pay the names through the Ministry's fee, as the Chamber of Commerce fees are not paid," noting that "the fees are fixed and the percentage of wages imposed increases according to the increase in the company's capital."
He pointed out that "citizens can now pay fees through the electronic payment service and through the electronic payment company Swage," stressing that "48 services will be converted to electronic within a maximum period of two weeks, which will make a difference by reviewing the Companies Registrar."
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