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Procedures Guide

Procedures for Expanding an Investment Project

Amending the license to expand the project and increase its design capacity

Service providerBasrah Investment Commission – Technical Section and One-Stop Shop Department
DurationSubject to review by the Technical Section and certification of the completion percentage, and completed within the Commission's approved time limits
FeesThe license amendment fee is collected in accordance with the Commission's instructions in force
CategoryInformation service

Procedure description

A procedure explaining how to expand a licensed investment project (increasing design capacity or widening the project's scope) by amending the investment license and obtaining an administrative expansion order from the Commission. The imported assets required for the expansion enjoy exemption from duties if the expansion increases the project's design capacity.

Target audience: Owners of existing licensed investment projects

Conditions and eligibility

  • The project must hold a valid investment license and be actually established

  • The expansion must increase the project's design capacity

  • The expansion assets must be brought into Iraq within (3) years of notifying the Commission

Required Documents

  • An expansion request letter issued by the company

  • A copy of the valid investment license

  • A feasibility study for the proposed expansion showing the increase in design capacity

  • The engineering drawings for the expansion

  • A letter certifying the existing project's completion percentage, issued by an accredited consultancy office

  • A letter of authorization in the name of the person dealing with the Commission

Processing steps

1

Submitting the expansion request

The company's authorized representative submits the expansion request and its attachments for referral to the Technical Section.

Administrative and Financial Department
2

Technical review

Reviewing the request, verifying the increase in design capacity, and certifying the current completion percentage.

Technical Section
3

Issuing the administrative expansion order

Amending the license to include the expansion under an administrative order issued by the Commission.

Office of the Commission President
4

Exemption for the expansion assets

The imported assets required for the expansion are exempted from duties in accordance with the exemptions procedure.

Exemptions Division

Legal basis

Frequently Asked Questions

Does the expansion require a new license?
No. The expansion is handled by amending the existing license and obtaining an administrative expansion order from the Commission.
Do the expansion assets enjoy customs exemption?
Yes, provided the expansion increases the project's design capacity and the assets are brought in within the specified period.
License amendment fees are subject to update in accordance with the Commission's instructions in force. This procedure is linked to the exemptions procedure for expansion assets.

Working Hours: During official working hours (Sunday – Thursday)

Need help with this procedure?

Contact the One-Stop Shop Department at the Basrah Investment Commission to ask a question or start your transaction.