How to Establish a Joint Stock Company in Iraq

How to Establish a Joint Stock Company in Iraq Establishing a Joint Stock Company (JSC) in Iraq is governed by the Iraqi Companies Law and supervised by the Companies Registration Department at the Ministry of Trade. A JSC is suitable for larger investments and projects, as its capital is divided into shares that may be transferred in accordance with the law. Key Requirements Minimum number of shareholders: as prescribed by Iraqi law Board of Directors: appointed in accordance with statutory requirements Capital: subject to minimum capital rules and deposit requirements Company objectives: must be lawful and clearly defined   Step-by-Step Process Reserve the company nameObtain name approval from the Companies Registration Department. Prepare incorporation documentsDraft the Articles of Association, shareholder details, board structure, capital allocation, and company objectives. Capital depositDeposit the required capital into a local Iraqi bank and obtain confirmation. File the incorporation applicationSubmit the application and supporting documents to the Companies Registration Department. Regulatory review and approvalAuthorities review the application for legal and regulatory compliance. Company registrationUpon approval, the JSC is officially registered and issued a certificate of incorporation. Post-registration steps Open permanent bank accounts Register with tax and social security authorities Obtain sector-specific licenses, if required   Legal Status & Compliance A Joint Stock Company acquires separate legal personality upon registration. Ongoing obligations include corporate governance compliance, board reporting, shareholder meetings, and regulatory filings. 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.