Iraq's Investment Law ~ Chief Investment Basra: preservation of investments will flow after investment last amendment Act

Thursday, 01-12-2011

Chief Investment Basra: preservation of investments will flow after investment last amendment Act

Basra, The Chairman of the investment of Basra governorate would be behind Badran flood of corporate investment during the next phase, adopted new amendments to the law of the Iraqi capital.

BADRAN said, according to a statement received by the Authority (the Agency newsletter News) Thursday: the new investment law, which recently adopted contains features attractive and stimulating encourages attracting investments and overcome major constraints contained in regulations prior to investors.

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System No. 5 for the 2011 business rental allowance is 10% of the rent is estimated by the Commission competent to determine the rent allowance, rent allowance will also be met from the date of commencement of commercial operation for three years after the end of this period will determine the rent value of 5% of the value of the land.

Badran pointed to: rent allowances are among the most important impediments to the investor and the success of the economic feasibility of the project.


That these procedures in Iraqi investment law will attract investment companies to Iraq in General and Basra in particular.

The Basra governorate has witnessed in recent remarkable economic and security stability helped put many foreign investors to work and access to investment opportunities available in the County.

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