The Companies Registration Department applies a set of main laws that regulate its work in registering and monitoring national and foreign companies, as it is one of the specialized departments within the Ministry of Trade in this field. The rules and provisions currently governing the department's operations include:

Laws Applied in the Companies Registration Department

1. Companies Law No. 21 of 1997 (as amended): This law specializes in registering Iraqi companies from the beginning of their establishment until their liquidation and cancellation.

2. Registration Agency Law No. 4 of 1999: Under this law, an agency license is granted to lawyers to register companies, patents, trademarks, trade names, and related matters.

3. Public Companies Law No. 22 of 1997: A certificate of establishment for a public company is issued according to this law after providing the department with the required documents.

4. Commercial Agency Regulation Law No. 79 of 2017: This law pertains to granting licenses to Iraqi agents for practicing commercial agency activities and registering commercial agencies for Arab and foreign companies and institutions.

5. Regulation of Branches and Offices of Foreign Companies and Economic Institutions No. 2 of 2017: This regulation specializes in registering branches and offices of foreign companies operating in Iraq, from the date of granting a license to open the branch or office until their liquidation and cancellation.

In addition to the aforementioned basic laws, there is a set of laws and regulations related to the department's work, including:

• Banking Law No. 94 of 2004
• Insurance Law No. 10 of 2005
• Temporary Securities Markets Law issued under Order No. 74 of 2004
• Civil Law No. 40 of 1951
• Commercial Law No. 30 of 1984
• Enforcement Law regarding the implementation of seizure and confiscation decisions
• Minors' Care Law concerning the transfer of shares to minors
• Tax Law related to tax clearance for founders and shareholders
• Personal Status Law regarding legal inheritance divisions
• Accounting System Instructions No. 1 of 1998: Specializes in setting the rules and principles that regulate the work of companies' final accounts.

Adherence to these laws ensures that companies operate efficiently and effectively, enhancing confidence and stability in the Iraqi business environment.

The department relies on these legal frameworks to provide distinguished services that contribute to facilitating procedures and achieving the desired objectives for companies.

If you are seeking to benefit from the services of a law firm in Iraq or wish to know more about the laws regulating company operations, we invite you to contact us to realize your vision and ambitions in the business world.