New Instructions – Registrar of Companies
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.