The establishment of the Federation of Iraqi Investors

by lonelyintexas Mon 30 Mar 2015, 8:00 am

lonelyintexas: Interacting Investor; Posts : 4285
Join date : 2012-12-19
Location : San Antonio

Post n°1

The establishment of the Federation of Iraqi Investors

by lonelyintexas Mon 30 Mar 2015, 8:00 am

3/30/2015 0:00

The establishment of the Federation of Iraqi investors

in the forefront of Requires the activation of investment integrated attractive environment conducive to attracting specialized with advanced rating on the international list of global companies, to contribute to the creation of sustainable real development in all sectors (according to a specialist in economic affairs.)

A member of the drafting committee amendment of the Investment Act of David Abdul Zayer noted that the amendment of Law No. 13 of 2006 is the real starting point for the creation of the international effort sophisticated capitalizing and attributes of the advanced technology actually contribute to the creation of an effective and influential economy attractive investment environment.

Classification investors, said in an interview for the "morning": that proposals to amend the investment law includes the establishment of the Iraqi Investors Union and is a law along the lines of professional associations that were formed and organized its law, pointing out that the mission of investors rating and give the identities of its members in accordance with the degrees, as well as the preparation of the economic feasibility of the proposed project.

The second proposal contains the establishment of an international and sophisticated nature of investment Court competent to deal with the problems that accompany the investment process under the supervision of local and international experts, noting that this court would be responsible for approving quick solutions to the problems do not adversely affect the process of achievement in the implementation of installed periods in the decision to refer the project.

Zayer said among the proposals to amend the Investment Law No. 13 of 2006, the establishment of investment bank specializing funded investment projects, noting that it is an important step on the road to activate the investment business in the country for its services to suit the requirements of the international effort that's coming warheads big money invested in various cities of Iraq.

The new amendment and pointed out that the private sector requirements within the new amendment adoption of paragraph developer that can be described the implementation of infrastructure and public services and the completion of schemes including secure sources of water, sewage, electricity and administrative buildings and public facilities and provide maintenance for a fee in the case of an area of more than a thousand acres for the purpose of investment by a developer to build an industrial city, commercial or residential, as well as a free zone or any another jurisdiction, noting that in this case the law recommends dividing these investment opportunities to other investors within the city and the spaces provided designs and validated.

The investor rights and Zayer the developer has the right to grant this investment opportunity to any investor wants to do within the city and sends the new investor to Investment Authority for the purpose of issuing the license and the enjoyment of their rights under the Investment Law and remains the developer retains the value of services and profits as well as the maintenance provided by the city, pointing out that the title deed issued on behalf of the investor and not the developer's behalf, noting that for the purpose of encouraging industrial investment we want that each investor is guaranteed the duration of not less than 99-year-old.

Transfer factories also said the new amendment proposes a paragraph to replace due to the presence of a chronic problem in the cities belonging to the factories and industrial enterprises and inadequate environmental and architectural terms, which are factories stalled, noting that he has the right company or organization above mentioned agreement with an investor to set up factories advanced them to be in the same industry with the latest technology the value of not less than 75 percent of the value of the land character, pointing to the transfer of factories outside the municipal boundaries and be the responsibility of the Ministry of Finance or other actors allocated a plot of land suitable for the purpose of creation to be replaced projects, noting that the evaluation of the plants is by third party recognized by the Iraqi government.

[You must be registered and logged in to see this link.]

by **Proven** Mon 30 Mar 2015, 8:34 am

Proven

Proven: NNP TEAM; Posts : 1856
Join date : 2012-12-21

Post n°2

Re: The establishment of the Federation of Iraqi Investors

by Proven Mon 30 Mar 2015, 8:34 am

As stated, government guarentee loans will bring big investment:

Zayer said among the proposals to amend the Investment Law No. 13 of 2006, the establishment of investment bank specializing funded investment projects, noting that it is an important step on the road to activate the investment business in the country for its services to suit the requirements of the international effort that's coming warheads big money invested in various cities of Iraq.