I think this is it? not sure though.....but the site lists all the laws so far
الارInvestment Law لChapter I
التعاريفDefinitions
المادة (1) غير ذلك .Article (1) : The following terms wherever it appears in this Act meanings corresponding below unless the evidence shows otherwise.
أ .A. .Council : Council of Ministers.
ب .B. .The National Authority for Investment : is the body established under the law is responsible for the development of national policies for investment and the development of controls and monitoring the implementation of controls and regulations in the field of investment and specific investment projects strategic outlook of the federal nature exclusively.
ج .C. .The Territory : Investment Authority in the province is responsible for planning program and the granting of leave to invest in the province.
د .D. .Authority : preserving the investment in the province in the territory of irregular responsible for the planning and investment granting leave investment in the province.
هـ .E. الة.Body : National Authority for Investment Authority or maintain as the case may be.
و .And. ر .Chairman of the Board : Chairman of the National Authority for Investment.
ز .G. القانون .Project : Economic activity covered by the provisions of this law.
ح .H. والكليات.Assets : machinery, appliances and equipment and machinery, supplies and the number and modes of transport, supplies and office furniture for use exclusively in the project, furniture, furnishings and supplies hotels and tourist cities, hospitals, schools and colleges.
ط .I. .The foreign investor is : who is not a citizen of Iraq in the case of a person real and recorded in a foreign country if the people, legally or morally.
ي .J. الممعنوياً او حقوقياً .Iraqi investor is : who carries Iraqi nationality in the case of a real and recorded in Iraq if the people, legally or morally.
ك .K. النافذة .Taxes and fees : all kinds of fees and taxes imposed by the laws in force.
ل .Told. للم .Design : energy production capacity is designed as a unit of time (hour, day ... Etc.), as evidenced by the documents received from the processor with the machines and the economic feasibility of the project.
م .M. .Portfolio investment : a series of investments in stocks and bonds.
ن .N.. الا .Investment : is the recruitment of money in any activity or project economic legitimate beneficial to the country.
الاهداف والوسائلEnds and means
:Article (2) The purpose of this Act is to Mayati :
.First : the promotion of investment and the transfer of modern technologies to contribute to the development of Iraq and development and to expand its productive base and service and diversification.
والاجنبية .Second : to encourage the Iraqi private sector and foreign investment in Iraq through the provision of necessary facilities for the establishment of investment projects and to promote the competitiveness of enterprises covered by the provisions of this law in the domestic and foreign markets.
للعراقيينThird : the development of human resources according to market requirements and providing job opportunities for Iraqis
تثمرين .Fourth : the protection of the rights and property investors.
.Fifth : the expansion of exports and strengthening the balance of payments and trade balance for Iraq.
تعتمد القانون :Article (3) adopt the following means to achieve the objectives of this law :
اولاً .First : project grants covered by the provisions of this law privileges and guarantees necessary for the maintenance and development through the provision of support, including believes enhance the competitive edge of those enterprises in the domestic and foreign markets.
.Second : project grants leave the winner of investment from the additional facilities and exemptions from taxes and duties, according to the contents of this law.
الفصل الثانيChapter II
الهيئة الوطنية للاستثمارThe National Authority for Investment
وهيئات الاستثمار في الاقاليم والمحافظاتThe bodies of investment in the regions and governorates
المادة (4) :Article (4) :
اولاً : .First : Under this law, a body called the (National Authority for Investment) have personality and moral authority or the Chief of empowered and be responsible for the development of national policies for investment and development plans, regulations, controls and control the application of these controls and regulations in the field of investment and specific investment projects of strategic nature of the federal exclusively.
ثانياً : Second : manages the National Authority for the investment board is composed of nine members with expertise and jurisdiction for a period of no less ferocious than ten years and possess a university degree and competence of the suit and is not restricted to the felony or misdemeanor dishonest or bankrupt.
.Third : A-nominate the Council of Ministers request of the President of the President of the rank of minister and the vice-president and a deputy minister for a period of five years and presented to the House of Representatives for approval.
ب – .B-appointed head of the Council of Ministers of the four members for a period of five years, a general manager.
ج .C-selected by the President of the Council of Ministers of three members from the private sector for a period of five years after nomination by the President of the National Authority for Investment and determine the remuneration in accordance with the rules of procedure.
د – عند.D-at the expiration of the term of office of any member of the National Authority for Investment mentioned in (a, b) of this article, other than in cases of impeachment and resignation by the President of the Council of Ministers Petensephm any hand with the government retaining Pedrjthm career transmitted mentioned in paragraph (a) of this article to retire at the Non - Tinsephma post to tie Drjthma career.
هـ -.E-to the House impeaching President of the National Authority for Investment and Deputy directly or at the request of the Prime Minister's grounds.
و – .- And of the Council of Ministers to dismiss any of the members of the National Authority for the investment of others or replace other in the absence of commitment and regulations Bamaair body.
ز –.G-the board of directors of the National Authority for Investment invitation of the Chairman of The quorum meet and to take the decisions and recommendations by an absolute majority and regulates the functioning of internal issued by the body.
ح – ترتبط.H-linked to the National Authority for Investment Chairman of the Council of Ministers.
ط – .I-determined system of salary and benefits to employees of the Board, upon the proposal of the President of the National Authority for Investment and the decision of the Prime Minister.
لها في .Fourth : The status of the National Authority for Investment in Baghdad and to appoint representatives to the regions and provinces.
.Fifth : the National Authority for the development of investment policy overall national strategy for investment and identify the sectors most important and prepare the road investment projects in Iraq in light of the information obtained from the bodies of investment in the regions and provinces are also lists of investment opportunities in the investment projects and strategic outlook with the federal preliminary information on these projects and provide for those interested in investing.
المادة (5) :Article (5) :
لها .First : the regions and provinces in the territory of irregular formation of the investment in the areas under its control with powers granted leave investment planning and investment and encourage investment and to open branches in areas under its consultation with the National Authority for the investment to ensure that the legal requirements.
افلاسه .Second : the provincial and district bodies of seven members, including at least one president and his deputy with experience and competence for no less ferocious than seven years, possess a university degree and competence of the suit and is not restricted to the felony or misdemeanor dishonest or bankrupt.
فظة ولوائح الهيئةThird : The boards of the province and provinces that have not organized in the territory of the composition of the territory and the preservation and removal of a member of the commitment in the absence of standards and regulations body
يةFourth : coordinate regional and provincial bodies to work with the National Authority for Investment and consult and coordinate with local governments regarding the plans and facilities investment
.Fifth : the bodies of regions and provinces to develop their investment would not conflict with the investment policy of Yugoslavia and prepare lists of investment opportunities in the areas under its control with the preliminary information on these projects and provide for those interested in investing.
.Sixth : linked to the Prime Minister of the province and territory under the control of the territory and linked to the preservation and the Governor under the control of the preservation of Aitaardh including the provisions of this Act.
.Seventh : the board of directors of provincial and district invitation of the Chairman of The quorum meet and to take the decisions and recommendations by an absolute majority and regulates the functioning of internal issued by the body.
المادة (6) :Article (6) :
الهيئة .Adopt the electronic correspondence in addition to routine correspondence between them and the official bodies relating to the work and activity of the body through local networks or the Internet, according controls determined by the body.
المادة (7) :Article (7) :
أ – ت.A body-accept requests leave of investment projects which are less capital than the minimum established by the Council of Ministers, the Minister of the Territory, as the case may be issued under the proposal of the body.
.B-Commission must obtain approval from the Council of Ministers before granting leave if the value of an investment project more than two hundred and fifty million dollars.
ج .C-Body decide on the requests for leave to invest in a term not exceeding five (45) and 40th days of the date of submission of the application.
د – .D - The decisions of the Board relating to investment projects adopting binding for the purposes of this Act.
ال(8) :Article (8) :
للدولة .Of the annual budget independent resources consist of the amounts allocated from the state budget.
المادة (9) :Article (9) :
:Body aims to encourage investment by working to Mayati :
لها .First : to strengthen confidence in the investment environment and identify investment opportunities and encouraging investment and promoting them.
ثانياً.Second : simplifying registration procedures and leave for investment projects and the follow-up of existing projects and the priority given to them in the achievement of the formal completion of the procedures and answer requests for investors and obtain the necessary approvals for the investor and the project.
.Third : the creation of a single window at the National Investment and other provincial and district bench authorized delegates of the ministries and members nominated by provincial and district councils according to the conditions and the relevant authorities will grant leave and obtain approvals from other parties in accordance with the law.
بذلك .Fourth : the provision of advice and information and data to investors and issuing bulletins so.
وتها .Fifth : the development of programs to promote investment in the different regions of Iraq to attract investors and implementation.
.Sixth : facilitate the allocation of land required for setting up and letting projects without determined by the body to coordinate with the relevant authorities.
سابعاً .Seventh : work on the establishment of a safe investment with the consent of the Council of Ministers.
.Eighth : encourage the Iraqi investors through the provision of soft loans and financial facilities for them in coordination with the Ministry of Finance and the use of banking institutions with the requirement that any investor who is a loan, using a number of the unemployed Iraqis commensurate with the size of the loan.
.Ninth : any other tasks related to the nature of work assigned to it by the Council of Ministers.
الفصل الثالثChapter III
المزايا والضماناتAdvantages and guarantees
المادة (10) :Article (10) :
يتمتع.Enjoy investor regardless of the nationality of all the privileges and facilities, guarantees and subject to the obligations contained in this Act and the Iraqi and foreign investor for the purposes of housing projects in return for the right to keep the land between him and the owner of the land without speculative land according to rules set by the National Authority for Investment and with the consent of the Council of Ministers, and facilitate the allocation of land for projects housing ownership and housing units to the Iraqis after the completion of the project.
(11) :Article (11) :
الاتية :Investor enjoy the following benefits :
.First : get capital introduced to Iraq and proceeds according to the provisions of this Act and instructed the Central Bank of Iraq and a convertible currency after payment of all debts and obligations to the Iraqi government and all other quarters.
ثانياً ::ـSecond : the right to the foreign investor :
أ*- التداول .ا*-Iraq circulation in the market for securities and equity securities listed therein.
ب - .B-composition of investment portfolios in stocks and bonds.
Third : the rental of land for the project or for the duration of Almsatha where the investment project based on that not more than fifty (50) years, renewable for approval of the Commission and take into account in determining the term nature of the project and its usefulness to the national economy.
.Fourth : insurance investment project with any insurance company or a foreign national it deems appropriate.
المجاز .Fifth : the opening of accounts in Iraqi currency or foreign or both with one of the banks in Iraq or outside of the project metaphor.
المادة (12) :Article (12) :
يأتي :This legislation guarantees to Mstthmerma following :
.First : the right of the investor to the recruitment and use of non-Iraqi workers in the absence of the possibility of using Iraqi possesses the necessary qualifications and unable to perform the same task, according controls issued by the body.
.Second : granting foreign investors and workers in the investment projects of the non-Iraqis the right to stay in Iraq and to facilitate entry and exit to and from Iraq.
او .Third : Non confiscation or nationalization of an investment project under the provisions of this Act or both part except Maisder sentenced court ruling.
.Fourth : the technical and administrative staff-Iraqis in the project to change their salaries and entitlements out of Iraq in accordance with the law after payment of debts and obligations towards the Iraqi government and all other quarters.
المادة (13) :Article (13) :
اي .Any amendment to this law does not have any retroactive effect prejudice, exemptions and guarantees the rights established thereunder.
الفالرابعChapter IV
ستثمرInvestor obligations
ا (14) :Article (14) :
:Bmayati committed investor :
أولاً :.First : notice of the National Investment Authority or territory or maintain as the case in writing immediately upon completion of the installation and processing assets for the purposes of the project and the date of commencement of business.
ثانياً : ونSecond : accounting fundamentalist exhaustive legal syndicated accountant in Iraq in accordance with the law
.Third : to study the economic and technical feasibility of the project and any information or data or documents requested by the Commission or other competent bodies in the balancing of the project and progress made in done.
لهذه المواد .Fourth : the maintenance of records of materials imported for the project and exempt from customs accordance with the provisions of the law determining the terms of the conduct of these materials.
العراقي .Fifth : preserving the integrity of the environment and our commitment to the quality control systems in place in Iraq and the global regulations adopted in this area and the laws relating to security, health, public order and the values of Iraqi society.
.Sixth : commitment to the Iraqi laws in force in the areas of salary, leave, hours, working conditions and other minimum.
سابعاًالاجازة .Seventh : commitment to the progress of work on the compatibility provided by the investor with the fact that the disparity is not the time more than six months, the National Authority for the investment put penalty clauses in the event the duration of six months and the withdrawal of the holiday.
ثامناً.Eighth : the training of employees of the Iraqis, rehabilitation and increase their efficiency and raise the skills and abilities and priority will be given to the recruitment and use of Iraqi workers.
الفصل الخامسChapter V
الاعفاءاتExemptions
المادة (15) :Article (15) :
أولاً : .First : the current project has to leave the investment of the exemption from taxes and duties for a period of ten (10) years from the date of commencement of commercial operation, according developmental areas specified by the Cabinet proposal of the National Authority for Investment according to the degree of economic development of the region and the nature of an investment project.
ثانياً.Second : the Council of Ministers propose draft laws for the extension of or the granting of exemptions in addition to the exemptions provided for in item (I) of this article or provide incentives or guarantees or other benefits to any project or sector or area, and time and descent as it deems appropriate in accordance with the nature of the activity, its geographical location and the extent of its contribution to the operation labor and advancing economic development, considerations required for the national interest.
% .Third : for the National Investment increase in the number of Sunni exemption from taxes and duties commensurate increase in the proportion of direct relationship with the Iraqi investor participation in the project for up to (15) fifteen years if the proportion of the Iraqi partnership investor in the project more than 50%.
المادة (16) :Article (16) :
اذا.If the transfer of the project during the duration of the exemption granted by the development to the other development project treated for the purposes of the exemption provided for in item (I) of article (15) during the remainder treatment of the development projects transferred to the feel of the National Investment so.
المادة (17) :Article (17) :
كذلك :The project also enjoys rapid leave investment, including the following :
.First : exempt assets imported for the purposes of an investment project of the charges to be made to Iraq during the three (3) years from the date of granting investment.
ثانياً : .Second : exempt assets imported for the expansion project, development or modernization of the charges if it has led to increased design capacity, to be introduced during the three (3) years from the date of notification of the expansion or development, and expansion intended for the purposes of this law, in addition fixed capital assets in order to increase design capacity of the project goods, services or materials by more than (15%) fifteen% of the development is intended for the purposes of this Act replacement machines sophisticated Bmkaen project in whole or in part or to develop the equipment and existing equipment to the project by adding new machinery or equipment or parts thereof in order to raise production efficiency or improve and develop the kind of products and services.
.Third : exempt spare parts imported for the project from charges that do not exceed the value of these pieces (20%) of the 20th% of the value of the purchase of assets, provided that the investor is not acting for purposes other than importing from it.
.Fourth : grant projects of hotels and tourist establishments, hospitals and health institutions, rehabilitation centers and educational and scientific institutions additional exemptions from import duties on furniture, furnishings and supplies for the purposes of modernization and renewal once every four (4) years in the least to be incorporated into Iraq or use in the project in (3) years from the date of issuance of the decision of the approval the lists of the imported and quantity, provided that the Itim used for other purposes were imported.
المادة (18) :Article (18) :
.If it turns out that the project assets exempt all or some of the taxes and fees have been sold, contrary to the provisions of this Act or used in illegal or used for purposes other than the declared For investors pay taxes, fees and fines generated in accordance with the law.
الفصل السادسChapter VI
اجراءات ريعProcedures for granting leave and the establishment of investment projects
المادة (19) :Article (19) :
أولاً.First : The investor gets to leave in addition to winning the rest leave for the purpose of enjoying the privileges and exemptions provided by the body.
:Second : grant the leave or the establishment of the investment project at the request submitted to the investor on concessional terms prepared by the Authority, which includes the request made by the investor on the following matters :
أ .A-fill the application form prepared by the body.
ب – معتمد .B-efficiency of the Asian financial accredited.
ج .C-projects undertaken by the investor in or outside Iraq.
د –اة .D-details of the project to be invested and its economic feasibility.
هـ.E-schedule for the completion of the project.
المادة (20) :Article (20) :
أولاً.First : to leave the issue of incorporation through the creation of a single window in the Territory or irregular maintenance in the territory of authorized delegates from ministries and other relevant relationship and the establishment of the grant leave the project and obtain approvals from other parties in accordance with the law.
ثانياً .Second : to help the investor to obtain leave from the foundation during its approach Alajahat competent and exploring the views of those in the establishment and the issuing leave on the part of those issuing its approval or rejection or a request for the amendment during the (15) fifteen days from the date notified, and the absence of the required response approval of opinion in the case of rejection must be reasoned rejection.
فيه .Third : in the event of disagreement between the decision of the National Investment and the other related to grant leave founding bodies Non-raising controversy to the Prime Minister for a decision.
رابعاً : قرارها باتاً .Fourth : In rejecting the request establishment owner grievance request to the head of the Territory or on demand through conservation (15) fifteen days from the date of informing him of the decision and decide on the chairman of the grievance submitted during the period of seven (7) days and the applicant object to the president's decision to reject the body lodged with the signed by the body during the (15) fifteen days from the date of refusal to appeal is its Bata.
الفصل السابعChapter VII
أحكام عامةGeneral provisions
المادة (21) :Article (21) :
ا ياتي :Composed capital of the project covered by the provisions of this law, which comes :
ن .First : money remitted to Iraq through banks and financial companies, or any other legal way to invest for the purposes of this Act.
ثان:Second : money and the kind of moral supplier to Iraq or purchased from local markets through currency remitted to Iraq, which is :
.A-kind funds to do the project.
ب.B-machines, machines, equipment, buildings and construction, means of transportation, furniture and office supplies for a project.
.C-moral rights, which includes patents, trademarks, know-how and engineering services, administrative and marketing and in its judgment.
ثالثاً : Third : profits, royalties and reserves resulting from the investment of capital in Iraq if the project was to increase the capital of this project, or if invested in a project covered by the provisions of this law. Article (22) : enjoy the benefits of additional foreign investors in accordance with the international agreements between Iraq and their own or international multilateral conventions Iraq had joined them. Article (23) : if shifted ownership of the project during the duration of the exemption granted to the project would continue to enjoy exemptions and facilities and guarantees granted to it until the expiration of that period, the new investor to continue to work on the project in the same jurisdiction or in another jurisdiction after approval by the Commission and replaces former investor rights and obligations under the rulers of this law.
First : the investor, with the consent of the Commission, the sale of assets exempted or waived to another investor beneficiaries of the provisions of this law to be used in legitimate. Second : the investor notice after the sale of assets exempt any person or another project is not covered by the provisions of this Act after payment of duties and taxes due them. Third : the investor approval of the re-export of assets exempted. Article (25) : If merged two or two or more to make the company or the new entity resulting from the merger binding organized separate accounts for each project prior to the merger and the application for the registration of exemptions and facilities provided for in this law during the remaining period of exemption. Article (26) : continue any project approved under the previous laws to take advantage of the exemptions granted to them under the law until the expiration of the exemption and its terms. Article (27) : Disputes arising between the parties subject to the provisions of the law apply Iraqi law unless they agree otherwise without cases subject to the provisions of Iraqi law exclusively or where the jurisdiction of the courts of Iraq. 1. Subject disputes arising from the employment contract exclusively to the provisions of Iraqi law and the jurisdiction of the Iraqi courts, with the exception of non-Group.
If the parties to the dispute and in other non-Iraqi disputes resulting from the crime may disputants agree on the applicable law and a competent court or any other agreement to resolve the dispute themselves. 3. If, as a consequence of a dispute between partners or between the owner of the project and others in the draft is subject to the provisions of this law work stopped for more than three months may withdraw the license and the request to the owners of the project ordered settlement within a period not to exceed three months, and if passed this time without the settlement of the matter between the partners or between the owner of the project and others, the body of legal action to liquidate the project with Azkhtar owner of the project or one of the partners that is the amount of the deposit in a bank liquidation following the fulfillment of the State or any rights of others, after the issuance of a judicial entitlements it. 4. If one of the parties to the dispute subject to the provisions of this law may have contracted at agreeing on a mechanism to resolve the dispute, including recourse to arbitration in accordance with Iraqi law or any other internationally recognized. 5. Disputes arising between the body, or any governmental, between any of the subject to the provisions of the law in other issues relating to violating one of the provisions of this Act, subject to the law and Iraqi courts in civil matters, either in trade disputes of the parties may resort to arbitration that is provided for in the contract regulating the relationship between the parties. Article (28) :
In case of violation of any of the investor provisions contained in this Act These countries warn investors in writing to remove the violation within a specified period, in the case of the failure of the investor to remove the violation within the period prescribed by the investor or the invitation represented a position to give him time and again to settle the issue and if the offense is repeated or not These countries withdraw their leave issued by the investor and to stop work on the project with the state retaining the right to deprive the investor of the exemptions and privileges granted to it from the date of verification offense while retaining the right of others to claim compensation for the damage as a result of this violation, without prejudice to any penalties or other remedies provided by the laws in force. Article (29) : All areas of investment to the provisions of this Act, except as follows : First : investment in the fields of mining and oil and gas production. Second : investment in the banks and insurance companies. Vialamada (30) : Cabinet : First : issuing regulations to facilitate the implementation of the provisions of this Act. Second : issuing internal regulations define the formations and subdivisions and functions and functioning of the body and the powers of the Finance and Personnel and any other things. Article (31) : The Board issued instructions to facilitate the implementation of regulations issued by the Council of Ministers in accordance with the provisions of this Act. Article (32) : The provisions of this draft law on the mixed sector, the private sector and the existing workforce and at the request of the administration and the consent of the body, without retroactive effect. Article (33) : Any text is contrary to the provisions of this Act. Article (34) : cancels a Coalition Provisional Authority (dissolved) No. (39) of 2003. Article (35) : cancel the Arab Investment Law issued by the Revolutionary Command Council dissolved (No. 62) of 2002. Article (36) : the law is implemented from the date of its publication in the Official Gazette. Reasons to push the process of economic development, social development and bring the technical and scientific expertise and human resources development, and create job opportunities for the Iraqis to encourage investments and support the process of establishing investment projects in Iraq and the expansion and development at various levels of economic and granting concessions and exemptions to these projects, initiated this law
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