Pharmaceutical Industry
Pharmaceutical Industry Etihad Law Firm in coorporation with PharmaBoardroom have released a comprehensive handbook designed for professionals in the #pharmaceutical industry in #Iraq. PharmaBoardroom is a leading platform for C-level executives, consultants, and regulators in the healthcare and life sciences sectors. It provides strategic insights into global and local markets through exclusive interviews with industry leaders, offers practical knowledge and experience-based studies on navigating challenges and opportunities in various markets, supplemented by the latest news, articles, and market overviews. This guide is essential for navigating the complex regulatory landscape of Iraq’s pharma market from market and legal perspectives. Whether you’re involved in drug manufacturing, distribution, or compliance, this handbook provides valuable insights to help you stay complied with the requirements of Iraqi laws and competitive to other providers. About the Guide: The Pharma Legal Handbook: Iraq should answer any questions linked to regulation, pricing, clinical and preclinical trials, marketing, manufacturing, trademarks and patents, cannabinoid medicines, medical cannabis, opioid drugs, orphan drugs and rare diseases, localisation, biologics, and biosimilars. This guide is designed to help industry players navigate the complex legal landscape in Iraq with confidence and clarity.
2025 ITR World Tax Rankings
2025 ITR World Tax Rankings Excited News to share that #EtihadLawFirm has been recognized in #2025ITRWorldTax Rankings! As a renowned global authority, ITR World Tax highlights the top-performing tax firms and professionals worldwide. This achievement is a testament to our dedication added to the firm’s other achievements for providing exceptional tax services and solutions, the expertise of Etihad’s talented team. Thanks to our clients’ trust in us as firm providing legal and tax services
Commercial Agency Law
Commercial Agency Law The Iraq State Council has issued an official interpretation of #Commercial_Agency Law No. 79 of 2017 regarding the 100% Iraqi capital ownership requirement for companies operating as commercial agencies. • #Foreign_investors may own Iraqi companies in the commercial agency sector, but only through an Iraqi shareholding company. • The 100% Iraqi capital rule applies only to direct owners of the company requesting the license. • This requirement does not extend to shareholders of parent companies that own the applicant company. The law also recognizes an Iraqi company as a separate legal entity, independent from its shareholders, and does not trace ownership beyond the direct owner. ✅ This clarification opens opportunities for foreign investment in #Iraq’s commercial agency sector, provided the legal structure follows these requirements.
Minimum Daily Wage Kurdistan
Minimum Daily Wage Kurdistan Kurdistan Regional Government #KRG has announced its decision to establish the minimum monthly #wage for #unskilled_workers at 450,000 IQD; while the minimum daily wage for #daily_workers has been set at 15,000 IQD. Additionally, the total monthly wages for workers shall not be less than the specified monthly minimum wage for unskilled workers.
Centeral Bank of Iraq
Centeral Bank of Iraq Centeral Bank of #Iraq has issued its Decision 155/2025 to ratify the updated Environmental, Social, and Governance (#ESG) Standards Guide, aligning our policies with global best practices. This critical update will: Mitigate Climate Risk: Introduce frameworks to identify and reduce exposures related to climate change. Enhance Corporate Governance: Clarify oversight roles for the Board and executive management. Protect Stakeholders: Safeguard depositors, shareholders, and community interests through robust ESG controls. Drive Sustainable Finance: Embed internationally recognized ESG metrics across all banking operations.
Iraq Customs Authority Announces Eskoda System Electronic Linking Deadline
Customs Authority 📢 The Customs Authority – Iraq announced the completion of the electronic linking between #Eskoda system and State Company for Iraq Affairs & Commercial Services system for tax and import ID data to verify the validity of the information of registered companies in Eskoda. All operated and registered companies in the system must approach #Customs to update their data no later than 1 Sep 2025 to avoid the ban, suspension of services, or cessation of providing system services after this date.
Certified Company Documents
Certified Company Documents One of the prevalent challenges we encounter in Iraq pertains to the recurrent demand from governmental departments for the most recent copies of certified company documents annually. This process, while crucial, imposes a significant burden on the Registrar of Companies due to the sheer volume of requests received. In response to this issue, the Registrar has issued a directive addressed to key governmental institutions including the Cabinet, the Central Bank of Iraq, and all other ministries. The aim of this directive is to streamline procedures for companies and alleviate the congestion experienced at the Company Registration Department. Hence, the Registrar propose that companies are to be exempt from the requirement to renew certification of the company’s documents issued within one year from its issuance certification. This adjustment seeks to mitigate the annual surge in workload, benefiting both companies and governmental entities alike.
Companies Registration Dept.
Companies Registration Dept. the Companies Registration Dept. has issued new instructions regarding the registered representative offices in Iraq which is as follows: “We invite all the representative offices of foreign companies to approach the Companies Registration Dept. to adapt their legal status or deregistration their offices in accordance with the amended regime for branches of foreign companies No. 2 of 2017, which is in order to provide legal guidance and directions to facilitate the necessary procedures to adapt the legal status of these offices in accordance with current legislation. All concerned offices should complete the required procedures in a timely manner and meeting the specific legal requirements by either adapting the representative office to a branch or deregistration.”
IFLR1000 Ranking 2024
IFLR1000 Ranking 2024 We are thrilled to announce that #Etihad law firm Ltd has been selected and ranked by the international legal directory #IFLR1000, Financial and corporate for 2024 in the sector of Financial and corporate, Tier 3, Iraq For the second year in a row. Congratulations to the firm and entire #team, Managing Partner Ahmed Al Hankawi, partner AbdulHadi Al Shimary on achieving such exceptional result and recognition and appreciate thankful to our clients for their continued trust and loyalty. IFLR1000 is a leading international legal market research product specialised in ranking financial and corporate law firms and lawyers. This ranking is considered important guidance for the client who look for legal services to assist in making strategic decisions when hiring external counsel. We are #committed to providing distinguished and specialized legal services, and we will continue our endeavor to meet the needs of our clients and achieve the highest levels of satisfaction. We thank our clients again for their continued support and trust in us and we look forward to serving them and others in the future.
Role of Commercial Arbitration
Role of Commercial Arbitration Etihad had the honor of participating in a high-level meeting hosted by the Private Sector Development Directorate at the Ministry of Trade, focused on The Role of Commercial Arbitration in Investment and Trade Contracts. The meeting was attended by distinguished legal and investment experts, including the Deputy President of the State Council, ICC Iraq Chair, and representatives from the National Investment Commission and the Federation of Iraqi Chambers of Commerce. As the Secretary of the ICC Iraq National Committee for Arbitration and Dispute Resolution, and a national expert at the Iraqi Chambers of Commerce Federation, I emphasized the strategic importance of arbitration as an effective dispute resolution tool that strengthens investor confidence in Iraq’s legal environment. Key recommendations included: Precise legal drafting of arbitration clauses in investment contracts Training and qualification of national professionals in arbitration Promoting awareness of the Singapore Convention on Mediation Supporting mediation as a complementary dispute resolution method Holding a specialized workshop for government ministries contracting with foreign entities Towards a transparent and secure investment climate,And a strong national arbitration system.