Commerce reveals new measures to help foreign investors and companies

Ministry of Commerce logo
 
10/14/2021

Economy News - Baghdad

The Ministry of Commerce announced, on Thursday, work on an automation system to facilitate procedures for auditors, while indicating that it had taken measures to reduce the burden on investment companies.

The spokesman for the ministry, Muhammad Hanoun, said, "The Ministry of Commerce, through the issuance of import licenses and the work of the Companies Registration Department, was able to provide transparent and clear procedures to help investors, businessmen and foreign companies to issue licenses to these companies, whether public or private, as well as to branches of international investment companies in Baghdad and the provinces." According to "conscious".

Hannoun added: "We are now working on an automation system and facilitating the task of auditors for the Companies Registration Department and the General Company for Exhibitions and Commercial Services. A few days ago, we agreed with an electronic payment company in order to help these companies pay through the use of electronic technologies, and thus we facilitated a lot of audits and deadly routines that It used to happen in previous years."

He continued, "These measures contributed significantly to easing the burden on investment companies to obtain opportunities inside Iraq, as well as import licenses for materials entering Iraq through border gates and outlets."

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