Chapter IV. Incentives To Investors

The Federal Investment Law takes a liberal approach in the grant of incentives to investors, be they foreign or Iraqis. It provides for a large number of incentives which are intended to encourage investment and to provide the appropriate investment climate in the country. This chapter deals with the incentives that are provided for investing in Iraq. First, the repatriation of the investor's capital and its returns, are covered, which is followed by a discussion on tax-exemption. The question of ownership of land for residential projects is covered next, after which shares and bonds, lease of land, project insurance, and bank accounts are discussed. The additional privileges and advantages provided to foreign investors by bilateral or multilateral treaties are then explained. The chapter ends with some concluding remarks.Keywords: Federal Investment Law; incentives; Iraqi investor