Department of Foreign Relations
Kurdistan Regional Government
SAT, 25 MAY 2019 08:40 Erbil, GMT +3
Sat, 25 May 2019 08:40:11

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.

 

 

 


Falah Mustafa meets Canada Foreign Ministry’s Deputy Director for Iraq and Syria

Wed, 22 May 2019 09:47:26

Erbil, Kurdistan Region, Iraq (dfr.gov.krd) – Ms. Pegatha Taylor, the Deputy Director for Iraq and Syria at Canada’s Ministry of Foreign Affairs, met with Minister Falah Mustafa on May 20th, to review the latest political developments and her country’s commitment to Kurdistan Region and Iraq.

 

Minister Falah Mustafa meets with outgoing Deputy Head of IOM Iraq Mission

Wed, 22 May 2019 08:45:41

Erbil, Kurdistan Region, Iraq (dfr.gov.krd) – Minister Falah Mustafa received Ms. Barbara Rijks, Deputy Head of the United Nations’ International Organization for Migration (IOM) on the occasion of the completion of her tour of duty on May 20th.

 

Prime Minister Barzani meets Patriarch of Assyrian Church of the East

Tue, 21 May 2019 08:12:52

Erbil, Kurdistan Region, Iraq (cabinet.gov.krd) – Prime Minister Nechirvan Barzani received the Catholicos-Patriarch of the Assyrian Church of the East, His Holiness Mar Gewargis III Sliwa, and his accompanying delegation that included bishops from other countries.