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Parliamentary investment: we will bring amend the investment law to vote
Friday 17 April 2015
The launch of the third amendment to the investment law to work effectively that a quantum leap in the field of investment occurs because Iraq has the infrastructure to work and according to the amended law
Qurtas News / Baghdad
Revealed to the parliamentary Committee of Economy and Investment, on Friday, the draft amendment to the third investment law will be put to a vote in the coming period, anticipated events of the quality of the field of investment boom.
Committee Chairman Jawad al-Bolani for "Qurtas News" that "the development of investment in Iraq, is still below the level of ambition and there is this file and interface problems, especially with the law, which Andmh a Law No. 13 i.
He Bolani that "the law has been amended twice, but the current requirements of the situation calls for that there is a modified third so the national investment provided a modified version and the Commission is now considering this amendment Bmchakh experts and specialists it is hoped to come up for discussion, reading and vote in the coming period."
He predicted Bolani "launch the third amendment to the investment law to work effectively that a quantum leap in the field of investment occurs because Iraq has the infrastructure to work and according to the amended law."
The House of Representatives approved in 2006 the Iraqi investment law, which it was said at the time that it would open the door to foreign investment, because introducing a lot of facilities to foreign investors, but that many foreign companies are still hesitant because of fears that the security situation is stable in Iraq, adding that the law did not give investors the right to ownership of the property the project, and equated the investor Iraqi and foreign investment in each of privileges, with the exception of real estate ownership, as can foreign investor to lease the land for 50 years, subject to renewal, according to paragraph 11 of the Investment Law.
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Friday 17 April 2015
The launch of the third amendment to the investment law to work effectively that a quantum leap in the field of investment occurs because Iraq has the infrastructure to work and according to the amended law
Qurtas News / Baghdad
Revealed to the parliamentary Committee of Economy and Investment, on Friday, the draft amendment to the third investment law will be put to a vote in the coming period, anticipated events of the quality of the field of investment boom.
Committee Chairman Jawad al-Bolani for "Qurtas News" that "the development of investment in Iraq, is still below the level of ambition and there is this file and interface problems, especially with the law, which Andmh a Law No. 13 i.
He Bolani that "the law has been amended twice, but the current requirements of the situation calls for that there is a modified third so the national investment provided a modified version and the Commission is now considering this amendment Bmchakh experts and specialists it is hoped to come up for discussion, reading and vote in the coming period."
He predicted Bolani "launch the third amendment to the investment law to work effectively that a quantum leap in the field of investment occurs because Iraq has the infrastructure to work and according to the amended law."
The House of Representatives approved in 2006 the Iraqi investment law, which it was said at the time that it would open the door to foreign investment, because introducing a lot of facilities to foreign investors, but that many foreign companies are still hesitant because of fears that the security situation is stable in Iraq, adding that the law did not give investors the right to ownership of the property the project, and equated the investor Iraqi and foreign investment in each of privileges, with the exception of real estate ownership, as can foreign investor to lease the land for 50 years, subject to renewal, according to paragraph 11 of the Investment Law.
[You must be registered and logged in to see this link.]
