Home
Claims the adoption of a new company law
Date: Mon 01/16/2012 6:47
□ Baghdad / term
A number of business owners need to change the law on registration of companies and dealing with this system on the basis of the single window.
The director of the company (tributaries of Iraq) Hamza Meshaal told the Kurdish news agency (Rn) that "the system of registration of Iraqi companies is one of the old laws that do not commensurate with the size of the demand for investment and work in Iraq. "
He added that "the Registrar of companies are complex and in need of facilities and follow the electronic media in the registration process which eliminates the extortion suffered by the owners of companies."
He continued that "the problem of companies in Iraq concerning the laws of old are not commensurate with the economic size of Iraq in the country."
, said Director Commissioner of the Company (Sama Baghdad) Abdul Amir Jabbar (Rn) that "the system of registration of commercial companies is complex because it is based on the instructions and the old laws, which is one of the main obstacles impeding the development of the Iraqi market."
He said, "the company registration process used by Iraq's underdeveloped and live up to the level of commercial development that has occurred in Iraq in recent years. "
He pointed out that "Iraq needs a law on electronic trading in the company registration process and to regulate the registration with the tightening of control over the companies."
For his part, President of the Economic Committee, Ahmed al-Alwani's (Rn) that "the Commission is not conducting any change in the law of registration of companies before the live workshops and seminars with the owners of companies to find out the exact details on the obstacles that stand in front of them."
"The next phase calls for genuine partnership between the public and the private sector of role local companies and foreign that would strengthen the role of Iraq's economy. "
revealed Companies Registration Department of the Iraqi Ministry of Trade, for the registration of 2143's Iraqi, Arab and foreign countries, while fines were imposed on the 3079 Iraqi company for non-submission of budgets and final accounts on time in 2011.
[You must be registered and logged in to see this link.]
