Change in Security Check Period

The Iraqi Companies Registration Department announced a significant update to the mandatory security audit period for all companies operating in Iraq. This change follows a directive from the Office of the Prime Minister. Effective immediately, the period for security audits for all companies will be thirty (30) days.

Impact on Businesses: This new measure is designed to streamline administrative processes and facilitate a more efficient business environment while upholding necessary security protocols. The shortened timeframe is expected to expedite company registration and operational approvals, allowing businesses to become fully compliant and operational more quickly. This change aims to reduce the delays and encourage investment by making the process more predictable and timely.

How We 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.

All companies registered in Iraq are instructed to take note of this official change and ensure their compliance with the updated 30-day security audit period.