Parent Company Continuity Requirements for Foreign Company Branches in Iraq

Parent Company Continuity Requirements Foreign companies operating in Iraq through registered branches are required to maintain updated records confirming the continuity and legal standing of the parent company, in line with the requirements of the Iraqi Companies Registrar and the Regulation of Branches of Foreign Companies No. (2) of 2017 (as amended). To facilitate compliance procedures, branches of foreign companies must submit official documentation evidencing that the parent company remains active and continues to conduct its business operations. This requirement aims to ensure regulatory transparency and the ongoing legal validity of foreign company branches operating in Iraq. Accepted Documentation: For compliance purposes, one of the following documents must be provided: A duly issued and legally authenticated document from the parent company confirming its continuity; or An official confirmation letter issued by a competent governmental authority in the country of incorporation, duly authenticated, confirming that the parent company remains active and operational.   All documents must be authenticated in accordance with applicable legal procedures and submitted within the timelines specified by the competent Iraqi authorities. Regulatory Importance: Failure to submit the required documentation may result in regulatory measures, administrative penalties, or restrictions on the branch’s legal status in Iraq. Foreign companies are therefore advised to proactively review their compliance position and address any outstanding requirements without delay. How Etihad Law Firm Can Assist? Etihad Law Firm provides comprehensive legal support to foreign companies operating in Iraq, including: Assessment of branch compliance status Preparation and legalization of corporate documents Liaison with the Iraqi Companies Registrar Ongoing corporate and regulatory advisory services