Department of Foreign Relations
Kurdistan Regional Government
MON, 30 MAR 2020 22:24 Erbil, GMT +3
Mon, 30 Mar 2020 22:24:23

Investment Law

The investment law was passed in July 2006 and an Investment Board was created to manage and promote investment in the Kurdistan Region. 

The investment law is one of the most friendly to foreign investors in the entire Middle East. Some features of the law are:

  • Foreign and local investors and capital are treated equally under the law (Article 3).
  • Foreign and local investors are entitled to own all the capital of any project (Article 3).
  • The government allocates free or reduced-price land to investment projects that fulfil the criteria (Article 4).
  • Foreign investors are free to repatriate profits in full (Article 7).
  • Foreign and local investors are equally entitled to buy and own land for investment purposes (Article 4).
  • Investors get a 10-year non-custom tax break once they start production or service provision. Raw materials and equipment used in production also get customs relief (Article 5).

For more details, please click here for the full text of the investment law.

 

 

 


US President Extends Newroz Greetings to President Nechirvan Barzani

Thu, 26 Mar 2020 18:29:32

Kurdistan Region President Nechirvan Barzani received a congratulatory letter from President Donald Trump of the United States on the occasion of Newroz.

 

Readout of Prime Minister Masrour Barzani’s telephone call with United States Assistant Treasury Secretary Marshall Billingslea

Tue, 24 Mar 2020 19:27:02

Erbil, Kurdistan Region, Iraq (GOV.KRD) - Prime Minister Masrour Barzani today spoke by phone to US Assistant Treasury Secretary for Terrorism Financing Marshall Billingslea to discuss US-Kurdistan Region bilateral relations.

 

A Statement from Prime Minister Masrour Barzani

Sun, 22 Mar 2020 16:31:40

Erbil, Kurdistan Region Iraqi (GOV.KRD) - In a statement on Sunday, Kurdistan Regional Government Prime Minister Masrour Barzani urged people to stay at home, follow the precautionary measures of the Health and Interior Ministries concerning the coronavirus, and keep themselves, their families and the people of the Kurdistan Region safe.