Joint-Stock Company Establishment and Governance Requirements
Joint-Stock Companies (JSCs) are suitable for larger ventures requiring capital markets access, shareholder dispersion, or participation in regulated sectors such as banking, insurance, telecom, and projects involving public tendering. JSCs may be private or public and are subject to enhanced governance, disclosure, and board requirements.
Formation Requirements
- Minimum capital levels depending on sector
- Founding shareholder requirements
- Board of Directors appointments
- Governance and disclosure obligations
- Registration with the Ministry of Trade
- Potential regulatory licensing (sector-specific)
Regulatory Follow-Up Requirements
- Ministry of Trade
- Iraqi Securities Commission (ISC) for share issuance approvals
- Iraq Stock Exchange (ISX) for listing procedures (if applicable)
- Sector regulators (CBI for banks, CMC for telecom, etc.)
How Etihad Can Assist
Etihad provides legal and regulatory advisory services to banks, financial institutions, and businesses, supporting compliance with applicable laws, regulations, and regulatory guidance issued by any competent authorities.