The amended Iraqi Companies Law has allowed the establishment of all types of companies by foreigners in Iraq, where the shares of these companies are divided as 49% for the foreigner and 51% for an Iraqi partner. The foreigner that is allowed to own more than 49% of the company shares is when the companies are Iraqi banking companies.
The Iraqi law does not allow foreign ownership in Iraq at present .
The Iraqi law in force allows foreigners Owning And buy shares of Iraqi shareholding companies through the stock market .
Yes, it is possible for a foreigner to authorize an Iraqi lawyer to do business on his behalf in Iraq.

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