New Anti-Corruption Measure for Company Transactions

The Iraqi Ministry of Trade’s Companies Registration Department today announced a significant new integrity measure aimed at increasing transparency and combating corruption. Effective 15 Mar 2026, all companies and their legal representatives must submit a formal pledge confirming the authenticity and accuracy of all invoices related to their transactions.

This new directive requires that any transaction submitted for registration must include a declaration from the applicant, confirming that the associated invoices are correct, fully paid, and contain information that matches the company’s official records, including the name of the authorized director, shareholders, and headquarters.

Under this new policy, the authorized director will be held legally responsible for the validity of all submitted information. The Companies Registration Department will conduct service-level checks to verify the authenticity of the information provided in the invoices. Any discrepancies or false information discovered will result in legal accountability for the company and its representatives.

Impact on Iraq’s Business Environment

This initiative is a critical step in the Ministry’s ongoing efforts to enhance the integrity of the business environment in Iraq. By holding company leadership directly accountable, the Ministry aims to create a more transparent and trustworthy market.