First
: The
submitting an
application to the
Companies Registrar
signed by the founders’
legal deputy, in
accordance with the form
compiled by the
Companies Registrar’s
Office which comprises
the following
information:
1- The COMPANY’s name
(which shall be held in
custody by the
Federation of Chambers
of Commerce.
2- The type of COMPANY
(limited, private
shareholder, joint
venture, mixed
shareholder (i.e. share
to the government and
share to individuals)
3- The founders’ names,
addresses, their shares
(in case one of the
founders is a COMPANY,
then details relevant to
the managing director or
equivalent rank shall be
recorded).
Second
: The following
documents shall be
submitted with the
application:
1- The COMPANY’s
contract signed by the
founders or their legal
representative.
2- A bank statement by a
bank authorized for
operation in Iraq
verifying that the
founders have deposited
the minimum COMPANY’s
capital as follows:
a)
Two million Iraqi dinars
as minimum for a joint
stock COMPANY’s capital
b)
One million Iraqi dinars
as minimum for a limited
COMPANY’s capital
c)
Fifty thousand Iraqi
dinars as minimum for
other
commercial entities
capital
3- An additional
document detailing the
distribution of shares
between the shareholders
signed by the founders
as well as technical and
economic feasibility
studies if the
application involves the
founding of a joint
stock COMPANY.
4- If the entity has
foreign proprietor
members and the
projected plans for this
entity include the
conducting of retail
sales activities in
Iraq, a bank statement
is to be submitted
showing that it had
deposited (100 000 $)
one hundred thousand US
Dollars in a
non-interest account.
The statement may be
submitted to the
Companies Registrar at a
later date, and its
absence will not be
considered a cause for
the rejection of the
registration
application.
However, it must be
submitted prior to the
commencement of actual
sales operations.
