Is it possible to establish companies by foreign persons or companies in Iraq? What percentage of their participation in these companies?
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.
Is it possible to own a foreign real estate in Iraq at the present time?
The Iraqi law does not allow foreign ownership in Iraq at present .
Is it possible for a foreigner to own shares of joint stock companies in Iraq through the stock market?
The Iraqi law in force allows foreigners Owning And buy shares of Iraqi shareholding companies through the stock market .
Is it possible to authorize the foreign person to the Iraqi lawyer to do the work on his behalf in Iraq?
Yes, it is possible for a foreigner to authorize an Iraqi lawyer to do business on his behalf in Iraq.
