uncovered by the Economic and Investment parliamentary meeting recently to discuss three points to amend the investment law to serve the investor and the national interest ..
A member of the Committee and MP for the Iraqi List, Nora Albjara’s / JD / “The Committee is working to convene a meeting to discuss three important points in the interest of the investor and the country through the amendment of the Investment Law. Explained Albjara:” The first point to be discussed by the Committee subject (single window) that make it easier for the investor achieve his business during the hours after confining the region of one as in the Kurdistan region and Egypt “.. and she Albjara” The second point, include banking facilities, in addition to a bank receives large sums of money used by the investor “.. She” will address the third point discussed at the meeting, the issue of land suitable for investment in order to work without that impede his work “.. and confirmed the MP for the Iraqi List,” We want to work a new mechanism right to amend paragraphs job in the investment law “..
The Committee on the economy and investment parliamentary announced a few days ago about reaching for a recommendations or decisions to amend the Iraqi investment law .. and said Albjara “The Committee reached with the board of investment and the private sector to a set of recommendations or resolutions to amend the Iraqi investment law” ..
She noted that the Committee will hold another conference in the coming period to reach the results lead to the development frameworks, the basic law Iraqi investment .. and provided MP agency / JD / a set of recommendations is set at twelve decision .. first .. “adopting the words of House Speaker Osama Najafi, Minister of State for Parliamentary Affairs Safa al-Safi, and the President of the National Investment Commission Sami al-Araji, a working paper distributed the conferences “.. and provided the second recommendation,” the need to amend or cancel some of the paragraphs of laws and decisions related to investment and to assign the National Investment Commission in coordination with the bodies of the provinces to submit these amendments means the legislative window “.. and stressed third recommendation on the need for the” owners of land to provide land suitable for the establishment of investment projects and deliver them to the investor in a period not exceeding 30 days from the date of granting licenses free of concerns “.. and called for its recommendation to the fourth” to accelerate the granting of powers to the representatives of the ministries to take the decision on the establishment of projects regarding the approval of sectoral “.. and conferred on the recommendation of the Fifth National Commission Investment commissioned studies about modifying the Investment Law No. (13) for the year 2006 in coordination with the average investment authorities in the provinces according to the methods of legislative force “.. The sixth recommendation called for the need to “create clear standards for the trade-off in the granting of investment opportunities between investors and stay away from mediation and nepotism” .. The seventh recommendation committed the “emphasis on the National Commission for Investment and investment authorities in the provinces that are investment opportunities available in the light of the economic sectors and the provision of appropriate land her” .. The recommendation came in the eighth: the demand to “create mechanisms to activate the role of banks in supporting investment through soft loans” ..
The Committee called upon the recommendation of the ninth to facilitate the procedures for granting visas for investors, experts and engineers and manpower needed by the investor “.. The Committee noted in its recommendation of the tenth to the” activation of the substances listed in the Investment Law No. 13 of 2006 amended that grant the investor exemption from the decree and taxes “.. and demanded Committee in its recommendation the eleventh to the “formation of a joint committee of members of the Economic Committee and a representative of the Ministry of State for Parliamentary Affairs and the National Investment Commission and private sector organizations to follow up the implementation of decisions of the conference” .. and mentioned in recommendation XII: requires “the heads of investment authorities in the provinces to report through the National Investment Commission (every three months) to the Committee on the economy and investment set out the projects granted investment licenses projects in progress and projects lagging with the reasons for the reluctance with the amounts of such projects and the dates of granting leave and start working. “
