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Fees and timelines

Fees

payment by instalmentIncorporation costs in Year 1 amount to US$16,500 and annual company costs in Year 2 and thereafter amount to US$8,000. The average total fee per Iraq engagement amounts to US$31,925, which includes company incorporation and opening a local corporate bank account and all government fees. Refer to draft invoice embedded here.

Different Iraq entity types Cost Draft invoice
Tax resident LLC US$31,925 View invoice PDF
Fast solutions US$32,500 View invoice PDF
JSC US$30,800 View invoice PDF
Commercial agency US$27,300 View invoice PDF
Branch of a foreign company US$31,925 View invoice PDF
Representative office US$19,550 View invoice PDF
Branch office - annual renewal US$40,358 View invoice PDF

Other fee considerations

Timelines

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

Service LLC JSC Branch Rep Office
Engagement planning 2 weeks 2 weeks 2 weeks 2 weeks
Security Check clearance 16 weeks 16 weeks 16 weeks 16 weeks
Company incorporation period 5 weeks 5 weeks 6 weeks 6 weeks
Bank account approval 5 weeks 5 weeks 6 weeks 6 weeks
Internet banking approval 4 weeks 4 weeks 4 weeks 4 weeks
Engagement Completion 2 weeks 2 weeks 2 weeks 2 weeks
Total engagement period 34 weeks 34 weeks 36 weeks 36 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 contact our in-house country expert, Mr. Seth Ochieng, directly:
Director of Client Engagements - Seth
  • Mr. Seth Ochieng
  • Director of Client Engagements
  • Contact me!
Ministry of Trade Ministry of Foreign Affairs Iraq stock exchange central bank of Iraq iraqi trade information center baghdad chamber commerce
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