Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

Hilfi: International investments are planning to make Iraq accept them


yota691
 Share

Recommended Posts

Iraqi investment: 3 procedures to attract international companies

Iraqi investment: 3 procedures to attract international companies
Residential projects in Iraq
 05 February 2019 01:15 PM

Mubasher: The Iraqi National Investment Commission, on Tuesday, that it has developed 3 procedures to attract international companies.

The head of the body, Sami Araji, according to the Iraqi News Agency (INA), that the Commission has taken measures to facilitate the entry of investors and their assistance to work and investment in the country.

Araji added that among these measures are the lifting of the entry and customs and tax exemptions.

Araji stressed that these measures have borne fruit by increasing investment projects in Baghdad and the provinces.

The head of the Iraqi National Investment Commission, that there are many contacts and wide from the inside and outside to promote investment in Iraq, after it has become a safe environment and appropriate for that, including the embassies of the States in Baghdad to give signals to the companies of our countries and investors to enter Iraq, which became better than it was Much.

  • Upvote 4
Link to comment
Share on other sites

  • 2 weeks later...

The industry reveals the timing of time to implement its plans to conclude investment contracts

 

14/02/2019

 

 

141422019_9e11fc37-3cb7-4e38-b393-58fb0740e880.jpg.7e94a514aaba425d906ec08e3be58f75.jpg

 

 

 

The 
Minister of Industry and Minerals, Saleh Abdullah Al-Jubouri, revealed on Thursday the establishment of a timetable and time schedules for the implementation of the Ministry's plans to conclude contracts of participation and investment to qualify and operate factories and diversify local production. 
In a statement received by Mawazine News, the ministry said that "Jubouri visited the General Company for Electrical and Electronic Industries accompanied by the ministry's advisor and general managers of the economic and investment departments. He held an extensive meeting with members of the board of directors and directors of factories and departments in the company. The company in the production of transformers, lamps, air conditioners, fans, furniture, etc. and the nature of its new projects and listen to a number of problems and obstacles to the work of the company and discuss many of the files and issues relating to contracts previously concluded.
He stressed Jubouri, "the need to increase the confidence of the Iraqi citizen and state institutions of the national product and that the governing bodies are firm and strong in making decisions and take their active role in the conclusion of contracts of participation and investment with the companies financially and technically competent in implementation of the decision of the opinion body in the Ministry to grant board of directors in public companies Full freedom and authority to enter into contracts and partnerships that serve the industrial process and productivity. " 
He stressed that "the visits and tours field successive to come to identify the problems and obstacles that caused stagnation in the work of companies for the purpose of finding solutions and take the necessary recommendations thereon," noting that "it is important to give and reflect a clear image of the national product, The confidence of citizens and government institutions in light of the continued lack of cooperation of some ministries and state institutions to buy the local product.
He pointed out that "the ministry has taken a decision in the opinion body, which gave the authority and the full freedom of the boards of directors in the companies to contract for the establishment of projects and new production lines to develop capabilities and develop the possibilities available," noting that "the direction of companies and their plans are consistent with the vision of the Ministry, And supervise the work of companies and reference to solve and solve the problems faced. 
The minister explained that "the ministry has set a timetable and timelines for the implementation of plans to conclude contracts of participation and investment to qualify and operate factories and diversify local production." 
 The minister, according to the statement, "a field tour in the factories of the company and met with a number of staff to listen to their requests and the possibility of meeting them as he expressed many views and guidance to develop the performance of the company during the
coming period.

https://www.mawazin.net/Details.aspx?jimare=34237

  • Upvote 1
Link to comment
Share on other sites

5 minutes ago, junnito said:

The time table is set to be in the coming period, well at least we should all be great full that is not set to be soon.

 

Too right . . . " Soon " could be just around the corner which by all accounts " the coming period " is smack dad  " in the near future "

  • Haha 2
Link to comment
Share on other sites

  • yota691 changed the title to National Investment Authority: Granting 257 investment licenses during 2018
 
13134.jpg
 
  

 money and business


Economy News _ Baghdad

The National Investment Authority announced on Thursday that the year 2018 saw the granting of 257 investment licenses at an estimated cost of more than 8 billion dollars distributed across the various economic sectors. 
The Authority said in a statement received by "Economy News" source said that "these investment licenses were distributed by (88) leave granted by the National Investment Authority and a number of investment agencies of the provinces administered by them according to the system No. (2) for 2009, (Diyala, Babel, Najaf, Diwaniya, Dhi Qar, Maysan and Basrah). " 
The statement added that "of these leaves (4) licenses for strategic projects and cost more than (3) billion dollars."
The statement pointed out that "the investment permits granted, amounting to (88) vacation distributed to (12) economic sector (21) vacation for the commercial sector, one holiday for the leisure sector, one vacation for the telecommunications sector, and (6) holidays for the education sector, (4) holidays, health (6) holidays, industrial (16) vacation, and the energy sector was a share of holidays (14) leave with (2) licenses for power stations and (12) leave for collection.
According to the statement, the number of licenses granted by the investment bodies in the other governorates, except the provinces of Kurdistan region, reached (169) licenses by (12) licenses for the Anbar Investment Authority (66) licenses for the Baghdad Investment Authority and (10) The investment of Karbala Holy and (26) a license to the Investment Authority Wasit and (32) license to the Muthanna Investment Authority and (15) a license to the Investment Commission of Kirkuk, "stressing that" all applications submitted by investors are examined in accordance with the provisions of the Law No. 13 of 2006 As well as communication with investors for the purpose of completing the documents and requirements stipulated by the law of investment And the relevant regulations in coordination with the departments of the single window, economic, legal and technical in the Authority and the competent ministries (especially the owner of the land) and non-associated with the Ministry and the provinces.


Number of Views 28   Date Added 21/02/2019

 
  • Upvote 2
Link to comment
Share on other sites

  • yota691 changed the title to Hilfi: International investments are planning to make Iraq accept them

Hilfi: International investments are planning to make Iraq accept them

 
Baghdad / Hussein Thugb
 
 
The foreign economic expert Saif Hilfi said that "international investments look at Iraq with great interest and plans to be accepted by the next, but it is looking for a legal system guarantees the course of action and guarantees the rights of all parties to the process, which is the starting point of economic advancement in all sectors of production and service, , As there are regional experiences have achieved great successes in attracting large investments contributed to the development of its economy. "


Income tax

He added that "the most important laws that must stand and that are of interest to international companies income tax law, which began at a time when the socialist system and today the economy in a situation contrary to global trends," pointing out that "this is not commensurate with the changes witnessed by the international economy, which saw developments in all joints without exception".
He pointed out that "the tax rates imposed on the completion of investment projects carried out by the international effort, may be the most important challenges to the presence of international companies that wish to work in the Iraqi labor market, and despite the many variables within this market, but the income tax law has a role in attracting these companies "He said.
 
Advanced technology
"The importance of working to create a legal environment attractive to capital and advanced technology, especially that Iraq is in dire need of a large workload to accommodate a large number of local, regional and international companies, and here can benefit from international experiences and successful and work to adopt locally."
He pointed to "the need to know the requirements of international companies that come to finance the establishment of projects and work to create the appropriate evidence for them, which must be present for the benefit of both sides of the process."
 
neighboring countries
"The Iraqi lawmaker to study the investment environment in neighboring countries and the tax rates that we impose and benefit from this and use it to serve the national economy," pointing out that "the economies of neighboring countries have seen great growth and have major development plans in cooperation with the global effort, and here we can employ these Experiences to serve the national economy, especially that the companies came with funding, which is the most important stages of construction and reconstruction.
 
Supporting development 
He pointed out that "the international effort is studying through its legal departments the tax rates imposed on the companies and employees who come to them to complete the total operations entrusted to them, so we must recognize the importance of the income tax law is ideal and support the process of economic development."
He stressed that "the legal environment needs to be reviewed accurately and specifically, and be very serious in studying the laws supporting the work of investment, we must work in parallel lines: first update the laws that relate to this aspect as applicable in the region, and to occur electronically "He said.
 
muck
Said that "Iraq is fertile ground for investment, and here must work to create the infrastructure is ideal," stressing that "the total economic problems suffered by Iraq need to invest efforts to access
 Of which".
He pointed out that "Iraq is the focus of the major international companies and this helps to the possibility of finding quick solutions that shorten the time and effort in the construction and reconstruction required by the country in all governorates."
  • Upvote 3
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.