Limited Liability Company (LLC) Formation Requirements in Iraq
The Limited Liability Company (LLC) is the most common corporate form used by local and foreign investors in Iraq due to its flexible ownership structure and broad commercial eligibility. LLCs are registered with the Companies Registration Department under the Ministry of Trade and can engage in most commercial, industrial, and service activities subject to sector-specific licensing.
Formation Requirements
- Shareholder information and capital contributions
- Articles and Memorandum of Association
- Registered address and office details
- Appointment of management
- Payment of registration fees and publication requirements
Regulatory Follow-Up Requirements
- Register with the Tax Authority for Tax ID
- Register with Social Security as an employer (if employees hired)
- Obtain sector-specific licenses where required
- Join a Chamber of Commerce for commercial activities
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.