1) A foreign investor shall be entitled to make foreign investments in Iraq on terms no
less favorable than those applicable to an Iraqi investor, unless otherwise provided
2) The amount of foreign participation in newly formed or existing business entities in
Iraq shall not be limited, unless otherwise expressly provided herein.
Section 7 Implementing Foreign Investment
1) A foreign investor may implement foreign investment using, among other things,
freely convertible currencies or Iraqi legal tender, in the following forms:
a) establishing a wholly foreign-owned business entity in Iraq, including as a
subsidiary of a foreign investor;
b) establishing a business entity jointly with an Iraqi investor;
c) establishing a branch office, as set forth in Section 5 herein; and
d) directly acquiring an investment.
2) A foreign investor shall be authorized to:
a) possess, use, and dispose of its investments;
b) manage or participate in managing a business entity;
c) transfer its rights and obligations to other persons in accordance with the law;
d) transfer abroad without delay all funds associated with its foreign investment,
i) shares or profits and dividends;ii) proceeds from the sale or other disposition of its foreign investment or a
iii) interest, royalty payments, management fees, other fees and payments made
under a contract; and
iv) other transfers approved by the Ministry of Trade;
e) exercise any other authority conferred upon it by law.