Fees

Incorporation costs in Year 1 amount to US$15,500 and annual company costs in Year 2 and thereafter amount to US$4,000. The average total fee per Iraq engagement amounts to US$24,800, which includes company incorporation and opening a local corporate bank account and all government fees. Refer to draft invoice embedded here.

Different Iraq entity typesCostDraft invoice
Tax resident LLCUS$24,800
Fast solutionsUS$32,500draft invoice for Iraq fast company
JSCUS$30,800
Commercial agencyUS$27,300
Branch of a foreign companyUS$22,400
Representative officeUS$19,550

Timelines

The average Iraq company registration period is 34 weeks as outlined below:

ServiceLLCJSCBranchRep Office
Engagement planning2 weeks2 weeks2 weeks2 weeks
Security Check clearance16 weeks16 weeks16 weeks16 weeks
Company incorporation period5 weeks5 weeks6 weeks6 weeks
Bank account approval5 weeks5 weeks6 weeks6 weeks
Internet banking approval4 weeks4 weeks4 weeks4 weeks
Engagement Completion2 weeks2 weeks2 weeks2 weeks
Total engagement period34 weeks34 weeks36 weeks36 weeks

iraq business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our company registration services in Iraq, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Seth Ochieng, directly:
Ministry of Trade Ministry of Foreign Affairs Iraq stock exchange central bank of Iraq iraqi trade information center baghdad chamber commerce