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Since the investment law was passed in 2006 with a lot of objections, and the divergent reactions, where some specialists to many problems exist in the current law that makes Iraq's centrifuge environment, while other experts emphasize that the worsening investment position due to the deteriorating security situation with inefficient workers to attract investment.
Economist Manaf Goldsmith, "the law of investment in Iraq is one of the best laws can work, despite a weakness in some of its aspects which need to be modified.
Goldsmith adds in an interview for (term), "the problem of investment in the country is employed under this Act, there are non-professionals leading spaces by climbing into cronyism and loyalties to their proximity to the authority to make the investment work environment shrouded in mystery," he said, adding that "investment requirements
Is to move the Nations of the world and facilitate actions to help investors achieve their dealings with the creation of infrastructure.
And continues, "there are many details made the ground cool and investment law are not attractive and encouraging corruption in State institutions, for example, registration of companies invested takes a long and boring details as the subject of the grant (Visa), add to the deterioration of the security aspect since there is no guarantee of immunity to the investor."
For his part, Member of the Economic Committee underscores Qusai wed the investment law does not need to modify it met conditions according to what the national investment Commission.
Adds Juma (range): If there are found in the application of this law, due to the security situation and the inefficiency of some employees act as legislation fit for work does not need to be modified.
While carrying a member of Parliament's Economic Committee Ibrahim Al-Rikabi, Chairman of the Investment Board is responsible for the delay of the Iraqi investment law amendment Bill.
Rikabi said (News Agency): the delay in amending the law on investment responsibility Chief investment which must follow the stages of access to the House with the Committee on the economy and investment.
He added that his Committee is ready to receive the law and is likely to make him a solid law promoting investment projects, saying it would serve all major reconstruction projects and projects of agricultural industry through its flexibility and exemption from tax for international companies and facilities that apply for companies beyond the routine and create conditions and an environment attractive for these companies.
And the national investment Commission complained earlier problems in current investment law, noting that these problems impede investment and make Iraq an environment inhospitable to investment.
The body has filed several amendments to the law to the Government where the State Council to study it before sending to the Council of Ministers for approval and then send it to the House for discussion and legislation as quickly as possible.
He said Chairman Sami Al-araji told radio free Iraq: that the law needs to include an exemption for alkmarki components of the project as defined by the law in three years while Earth takes a long time to register for the investor who does not benefit from the exemption.
Al-araji said a number of amendments as the land allocated for agrarian reform and the establishment of a Development Fund on behalf of the investment fund and also the registration of companies, pointing out that the adjustments determined after several workshops inside and outside Iraq.
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Economist Manaf Goldsmith, "the law of investment in Iraq is one of the best laws can work, despite a weakness in some of its aspects which need to be modified.
Goldsmith adds in an interview for (term), "the problem of investment in the country is employed under this Act, there are non-professionals leading spaces by climbing into cronyism and loyalties to their proximity to the authority to make the investment work environment shrouded in mystery," he said, adding that "investment requirements
Is to move the Nations of the world and facilitate actions to help investors achieve their dealings with the creation of infrastructure.
And continues, "there are many details made the ground cool and investment law are not attractive and encouraging corruption in State institutions, for example, registration of companies invested takes a long and boring details as the subject of the grant (Visa), add to the deterioration of the security aspect since there is no guarantee of immunity to the investor."
For his part, Member of the Economic Committee underscores Qusai wed the investment law does not need to modify it met conditions according to what the national investment Commission.
Adds Juma (range): If there are found in the application of this law, due to the security situation and the inefficiency of some employees act as legislation fit for work does not need to be modified.
While carrying a member of Parliament's Economic Committee Ibrahim Al-Rikabi, Chairman of the Investment Board is responsible for the delay of the Iraqi investment law amendment Bill.
Rikabi said (News Agency): the delay in amending the law on investment responsibility Chief investment which must follow the stages of access to the House with the Committee on the economy and investment.
He added that his Committee is ready to receive the law and is likely to make him a solid law promoting investment projects, saying it would serve all major reconstruction projects and projects of agricultural industry through its flexibility and exemption from tax for international companies and facilities that apply for companies beyond the routine and create conditions and an environment attractive for these companies.
And the national investment Commission complained earlier problems in current investment law, noting that these problems impede investment and make Iraq an environment inhospitable to investment.
The body has filed several amendments to the law to the Government where the State Council to study it before sending to the Council of Ministers for approval and then send it to the House for discussion and legislation as quickly as possible.
He said Chairman Sami Al-araji told radio free Iraq: that the law needs to include an exemption for alkmarki components of the project as defined by the law in three years while Earth takes a long time to register for the investor who does not benefit from the exemption.
Al-araji said a number of amendments as the land allocated for agrarian reform and the establishment of a Development Fund on behalf of the investment fund and also the registration of companies, pointing out that the adjustments determined after several workshops inside and outside Iraq.
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