Roadmap to Startup Iraq, your guide to register a startup in Iraq. It is a guideline for every entrepreneur in Iraq to know how to register her/his startup legally and know from A to Z the requirements of registration.

It will show you why you need to register your startup, detailed road from reservation of the name to the memorandum of association and beyond. Contains addresses and contacts of the agencies shall be addressed during the road to registration.

KAPITA’s research team aimed to set things clear for those willing to legally register their projects by comprehensively stating every essential detail about this matter to come up with a simplified guide, that’s freely accessible, easy to understand and has all in-depth knowledge needed.

This guide is funded by the Embassy of the Netherlands and Orange Corners Baghdad, it has been written & proofread by professional researchers and experienced lawyers and it shall provide you with the information necessary to register your project in an obstacle-free & timely manner.

الطريق للمشاريع الناشئة في العراق, دليلك لتسجيل مشروعك الناشئ  في العراق. هي دليل اساسي لكل رائد اعمال عراقي ليعلم كيفية تسجيل المشروع الخاص به قانونياً و معرفة المتطلبات اللازمة للتسجيل من الألف الى الياء.

ستوضح لك خارطة الطريق اسباب حاجتك الى تسجيل مشروعك بشكل قانوني بدءً من حجز الاسم إلى مذكرة التأسيس وما بعدها. يحتوي على عناوين و جهات الاتصال للدوائر التي يجب مخاطبتها خلال طريق التسجيل.

يهدف فريق البحث في كابيتا لتوضيح خطوات التسجيل للراغبين في تسجيل شركاتهم عن طريق ذكر كل التفاصيل اللازمة حول هذه المسألة و إعداد َهذا الدليل المبسط ، والذي يمكن الحصول عليه مجاناً، والذي صمم بطريقة سهلة الفهم ، محتوياً على  جميع المعلومات المطلوبة.

هذا الدليل ممول من قبل السفارة الهولندية و اورنج كورنرز بغداد وتمت كتابته وتنقيحه من قبل باحثين مختصين ومحامين ذوي خبرة ، ونأمل أن يوفر لك جميع المعلومات اللازمة لتسجيل شركتك بدون عواقب وفي أنسب وقت.

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(Source: Kapita)

UNESCO to begin work at Al-Tahera Church in Mosul

UNESCO will soon start reconstruction of the Syriac Catholic Al-Tahera Church in Mosul, Iraq, that was severely damaged in 2017. More than a church, Al Tahera is a symbol of the diversity that has been the story of Mosul for centuries.

An iconic symbol woven into the history of Mosul, Al-Tahera Church was built in 1859 and opened in 1862. The Church is located in the heart of the old city, formerly defined by the Ottoman city walls on the west bank of the Tigris River, opposite ancient Nineveh. Its multiple altars, dining room and two sacristy rooms set it aside from other churches of the same period. It already underwent renovation about 100 years after its construction.

The reconstruction work is quite complex as large parts of its arcades were destroyed, as well as its external walls. In addition to the demolition of the remaining portions of its concrete roof, the early stages of work will require clearing rubble and removing landmines from the 650m2 site. Local contractors, under the supervision of skilled experts, are doing the work.

UNESCO is fostering reconciliation and social cohesion in Mosul through the restoration and reconstruction of emblematic historical sites as part of UNESCO’s led international initiative “Revive the Spirit of Mosul”. The rehabilitation of this church is important not only because of its value as cultural heritage, but also as a testimony to the diversity of the city, a proud crossroads of cultures and a peaceful haven for different religious communities over the centuries.

Students in the departments of archaeology, architecture and engineering of the University of Mosul will benefit from taking part in the process of restoration of the landmark buildings.

This project is funded by the United Arab Emirates and beyond the rehabilitation of architectural landmarks, it includes:

  • On the-job training for young professionals
  • Strengthening the capacities of craftspeople (masons, carpenters, stone carvers, metalsmiths, etc.)
  • Job creation opportunities
  • Technical and vocational education

(Source: UNESCO)

By Dr Amer K. Hirmis.

Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.

Public sector investment in Iraq – What strategic priorities for the new Prime Minister?

Iraq is still in turmoil, four months since the Uprising, in October 2019. Meanwhile, Prime Minister (PM) Adel Abdul Mahdi resigned. Muhammad Tawfiq Allawi i has been appointed as PM-designate.

Mr. Allawi has already been rejected by the Uprising, as an affiliate to the failed post-2003 ethno-sectarian political system. Political uncertainty thus continues, and with it investment decisions in the public and private sectors.

Whoever the new PM may end up to be, two key challenges will face him; political and economic.

On the political front, the new PM will need to prove, by action, that he has the will and determination to serve the Iraqi people, rather than bend to ethno-sectarian interests that have shaped politics and the economy post-2003. A system that normalised pervasive corruption, sidelined the rule of law, freedom of thought and expression, peaceful gathering and the right to protest. A system that, inter alia, stalled economic development, leading to high unemployment, and marginalised, if not atomised, millions of Iraqis living in poverty.

On the economic front, the challenges are just as great as the political ones. The new PM will have only the near-term to rise to these challenges – possibly a major review of the current ‘Government Programme,’ the ‘Construction Council’ bill, and various economic “road maps” laid out by the current ‘Prime Minister’s Advisory Committee’ (PMAC), e.g. “vision 2030”, as well as comprehensive institutional reforms. He will need to draw together all these, and more, and produce a short-term realistic, rational and workable economic programme, on which more below.

Simply put, the Uprising anticipates economic reforms that create new jobs, use oil revenues for investment in productive sectors of the economy, across the country and substantially reduces the size of government employment, of which the pay roll easily absorbs over 50 percent of the national budget.

The Uprising also demands early general elections, ushering a process of defragmentation of the allegedly corrupt institutions, and observing good governance and the rule of law, amongst other reforms.

Please click here to download Dr Hirmis’ full report in pdf format.

Dr Amer K. Hirmis is Principal at UK-based consultancy CBS Ltd. (2008-present). In October 2009, Amer began a 20-months assignment as Senior Development Planning Advisor to the Ministry of Planning in Iraq (funded under the DANIDA programme for ‘peace and reconstruction’ in Iraq). The posts Amer has assumed include Chief Economist and Head of Policy at the London Chamber of Commerce and Industry (1992-5), Economic Advisor to UK South West Regional Development Agency (1996-8) and Associate Director and then Head of Consulting and Research (Middle East) at the global firm DTZ (1998 to 2007).

Dr Amer K Hirmis is the author of ‘The Economics of Iraq – ancient past to distant future’

[https://www.amazon.com/Economics-Iraq-Ancient-distant-future/dp/1999824105]

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.

It can be hard for young Iraqi graduates to get a job – in Iraq’s oil-dependent, rentier economy, the government still provides most of the employment and as the population grows, there simply are not enough jobs to go around. It’s one of the main reasons for current anti-government protests.

One young Baghdad woman, Duha Mustafa Fadel, decided to forge her own path after graduation. She now has her own business, making natural soap and skin care products locally. She sells soap made with fennel, lemon, coffee, active coal, strawberry, honey and Moroccan clay, among other varieties, via Facebook and at drugstores and beauty clinics around the country.

She told NIQASH how she got started, where she hopes to go and why there is hope for young Iraqis in the private sector.

NIQASH: How did all this begin for you?

Duha Mustafa Fadel: After I graduated, coming first in my class, I didn’t want to wait around for the government  to offer me a job, as so many other people do. I worked for another company for a while and managed to save some money. Then I travelled to India with my husband – he was studying there – where I was introduced to all kinds of natural oils and where I joined a training on the manufacture of natural products.

Upon my return to Iraq, I got started. I opened a small workshop in my own home and created two Facebook pages to market my products. One of the first people to contact me was a woman from Diwaniyah. She said she was interested in the products but couldn’t afford to pay to get them from Baghdad to Diwaniyah and asked if there was any chance I would open outlets in other parts of Iraq. So that’s what I did.

NIQASH: What was the budget for your project?

Fadel: Around US$3,400. That was what I could afford and I used the money to buy raw materials and workshop supplies.

NIQASH: When you first started work, what were some of your biggest challenges?

Fadel: Basically trying to build trust that it was a locally made product and that it was good. Shop owners that I tried to stock would ask me whether it was really made in Iraq, or if it was imported. When I told them it was made in Iraq, they were often reluctant. However when they did try it, they liked it a lot and would always order more.

NIQASH: Did you do any research on the market or whether Iraqis even wanted something like this before you began?

Fadel: Yes, I tried to do a feasibility study and when it comes to the tastes of customers, I started with what I liked first, and what people close to me liked. Then eventually, as the business grew, I began to get more insights into what customers wanted  and I built my knowledge of the market that way.

NIQASH: What sort of plans do you have for the future growth of your business?

Fadel: I’d really like to open a proper factory in Iraqi Kurdistan to make soap and skin care products and then market them in Arab countries, and also internationally. I lived in Iraqi Kurdistan for two years and I have good contacts there. The conditions for opening a factory are easier up north too.

NIQASH: A lot of other Iraqis would be looking at your success with admiration and they might possibly also want to ask you for a job. Where do you find your employees?

Fadel: At first, a friend was helping me and as the business grew, I began to hire young female graduates. As our activities continue and grow, the number of staff should also increase. I’ve also been very lucky in that my husband and parents support my work unconditionally.

NIQASH: What advice would you give to other Iraqi women who might be thinking about starting their own businesses? 

Fadel: I would advise them not to hesitate. I would advise them to work hard and to unleash their talents and creativity. The beginning is always hard but over time, things get easier and your business will grow, especially if you have done good advance planning and research. Women who become financially independent can be a source of pride for their families and, of course, for themselves too.

Luna park and a multi-store  Parking Garage / Babil province

According to investment law no. 13 for the year 2006 as amended and its regulations, Iraq’s National Investment Commission (NIC) is pleased to announce the investment opportunity of constructing a Luna park and a multi-store  Parking Garage on the land lot numbered 2/400 m 8 Alexandria- Babil Province (the total area of the land lot is 10 donum and 2 olks and 99 M ²) with adhering to the demarcated site on the sectoral design and the specified areas for the multi- store garage (7200 M² – 60 M * 120M) in addition to the area of the Luna park which ownership belongs to  the Alexandria Municipality.

Local and foreign companies willing to invest in this opportunity are invited to apply through filling in the Investment application form available on the NIC website: www.investpromo.gov.iq and provide all the documents mentioned in the application within (30) days from the date of publishing this announcement knowing that winning investor shall undertake the fees of local official  newspapers announcements.

For any further information please visit the NIC premises- Ones Stop Shop dept. located at Baghdad – IZ next to Avicenna Hospital) or send email to:  oss@investpromo.gov.iq

Required documents

  • application form (stamped and approved by the Administration dept. of the National Investment commission) with a buying receipt of the application form
  • Executive briefing
  • Economic feasibility study
  • Company establishment papers and its final records with a briefing of its work history (legal person)
  • Copies of ID and passport of the investors (natural person)
  • Copies of ID and passport of the company representative
  • A list of the similar works previously implemented by the company or the investor (4 maximum)

(Source: NIC)

By Omar al-Jaffal for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.

Controversial new law could make Iraq’s early elections late

The Iraqi parliament, under public pressure from months of widespread protests, has passed a new electoral law that still leaves protesters and parties representing Kurds and Sunni Arab areas far from satisfied. The law has yet to reach the president’s desk to be ratified.

However, it’s not just the new law, approved Dec. 24 by the Iraqi federal parliament, that has ignited disputes between political parties, but also a controversial addendum relating to the organization of electoral districts.

Click here to read the full story.