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Preview & Print

Properties

Print the full procedure

Print selected step:

Include recourse information

Include certification

Steps (15)

Obtain trade name initial approval letter (BCC) (1)

1 Obtain initial approval letter for trade name

Obtain trade name approval (FICC) (4)

2 Verify approval letter and get orientation command

3 Pay fees and stamp the trade name letter

4 Print and sign trade name letter

5 Obtain final trade name approval letter

Obtain capital deposit approval (2)

6 Deposit capital amount

7 Get deposit confirmation letter

Obtain registration approval (7)

8 Apply for registration online

9 Receive initial approval

10 Get badge card

11 Check trade name and obtain list of fees

12 Pay registration fees - Al Rasheed bank

13 Confirm list of fees and get stamp

14 Get receipt

Get local company registration license (1)

15 Get registration license

Summary of the procedure

Institutions involved 6

Baghdad chamber of commerce (BCC)

Federation of Iraqi chambers of commerce/ FICC (x 4)

2 3 4 5

Any accredited bank (x 2)

6 7

Ministry of trade - registrar of companies website (x 2)

8 9

Ministry of Trade - Registration of companies directorate (x 5)

10 11 13 14 15

Al-Rasheed bank

Results 1

Registration license for local company

Required Documents
Representatives

Trade name reservation request

National ID (x 10)

1 2 6 7 8 10 11 12 14 15

Initial approval letter for trade name

Registered initial approval letter

Payment fees receipt

Stamped initial approval letter

Signed trade name letter

Deposit request letter

Trade name letter (x 2)

8 14

Deposit confirmation letter (x 3)

8 11 14

Memorandum of association (x 3)

8 11 14

Initial approval for local company (x 3)

10 11 14

Company trade name letter

Commitment to abide by regulations (x 2)

11 14

Commitment to the accuracy of information (x 2)

11 14

Company registration form (x 2)

11 14

Ration card (x 2)

11 14

Commitment for not using ration card (x 2)

11 14

List of fees (x 2)

12 13

Payment receipt (cheque) (x 2)

13 14

Stamped payment receipt

Receipt

Representatives

Bar association ID (x 3)

1 2 14

Power of attorney (x 10)

1 2 6 7 8 10 11 12 14 15

Bar association ID (x 7)

6 7 8 10 11 12 15

Estimated cost IQD 1,787,180

USD

USD Add Name Here

This is an estimate based on a series of assumptions which you can modify to calculate your own costs:

Cost detail	Estimate your cost
IQD 4,750 fees for reservation of the trade name including fees for examination and support which is 1250 IQD and fees for different services which is 3500 IQD
IQD 50,000 general trading companies are not requested to pay this fee
IQD 1,000,000 Currencies buy and sell company, Oil services company, Security services company, Medical supplies company, Demining company
IQD 500,000 Airlines company, Travel and tourism company, Contracting company, Hajj and umrah company, Tourist hotel company
IQD 150,000 Trade companies and commercial agencies, Public services company, Agriculture company, Food supply company, Shipping and unloading company, Public transport company, Hunting rifles and it’s accessories company, Internet services company, Training and human development company, Real estate investment company
IQD 1,000 Save documents
IQD 20,000 Registration fees
IQD 650 Stamp duty of company contract and company establishment request
IQD 1,000 Fee for the consultancy services provided on how to establish simple companies
IQD 5,000 Fee for certifying the information of founders
IQD 750 Fee for request archiving
IQD 1,000 Advocacy fee
IQD 25,000 Publication of the invitation of the General Assembly in the Special Bulletin, or publishing of the decision to establish a company.
IQD 5,000 Verification if the shareholders are holding shares in other companies
IQD 5,000 Audit the establishment contract of the company to be established
IQD 10,000 Request advocacy
IQD 5,000 Application for the preservation and ratification of foundation contracts
IQD 1,000 Fees to grant the reviewers form
IQD 2,000 Fees cashier grants form
- IQD 30 - 0.003 % capital amount The minimum capital is IQD 1,000,000	1,000,000

Total Duration 5 d - 12 d

	Min.	Max.
Total time (sum):	5 d	12 d
of which:
Waiting time in queue (sum):	55mn	2h. 25mn
Attention at counter:	1h. 10mn	2h. 55mn
Waiting time until next step (sum):	5 d	11 d