Commerce reveals new procedures to help foreign investors and companies
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Finance and Business
Economy News - Baghdad
The Ministry of Commerce announced, on Thursday, work on the automation system to facilitate procedures The auditors, while indicating that it had taken measures to reduce the burden on investment companies.
The Ministry of Commerce's spokesman, Muhammad Hanoun, said, "The Ministry of Commerce, through the issuance of import licenses and the work of the Companies Registration Department, was able to provide transparent and clear procedures to help investors, businessmen and foreign companies to issue Licenses for these companies, whether public or private, as well as for branches of international investment companies in Baghdad and the governorates,” according to “NAA.”
And Hanoun added: “We are now working on the automation system and facilitating the task of auditors for the Companies Registration Department and the General Company for Exhibitions and Commercial Services,
A few days ago, we agreed with an electronic payment company in order to help these companies pay through the use of electronic technologies, and thus we facilitated a lot of audits and deadly routines that were taking place in previous years.
In easing the burden on investment companies to obtain opportunities inside Iraq, as well as import licenses for materials entering Iraq through border gates and ports.”
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