Deciphering Iraq’s Legal Landscape for Business Operations

Iraq’s business regulations encompass diverse laws to facilitate domestic and foreign enterprise. Key legal structures include the Companies Law for business establishment, the Investment Law providing foreign investment incentives, and a straightforward corporate tax system. The labor law ensures worker rights and flexible market operations. However, bureaucratic processes, corruption, and security issues pose challenges. Recent reforms aim to streamline business activities and foster a more favorable investment climate.

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