Procedures for Granting the Investment License

A procedure setting out the steps and requirements for obtaining an investment license for projects established in Basrah Governorate through the One-Stop Shop Department of the Basrah Investment Commission, pursuant to Investment Law No. (13) of 2006, as amended. The investment license is the document that gives a project the status of a “licensed project” and entitles it to the incentives, exemptions, and guarantees the Law provides.

Target audience: Investors — individuals and companies, Iraqi and foreign

• The project must fall within the fields covered by the Investment Law and outside the sectors regulated by special laws (oil and gas extraction, banks, and insurance companies)

• Financial solvency and the ability to fund the project from an accredited source

• Alignment of the project with the investment plan and the priorities of Basrah Governorate

• The investment license application form approved by the Commission

• The project's executive summary (in Arabic or English)

• The project's economic feasibility study

• A timeline for completing the project

• A project funding plan accompanied by a letter of support from a bank accredited with the Central Bank of Iraq, and a statement of other funding sources, if any

• Documents of the investor's previous similar projects (up to 4 projects, if any)

• For legal persons (companies): the memorandum and certificate of incorporation

• A letter of authorization in the name of the authorized manager or their representative, attaching the ID or passport of the authorized person