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The Central Bank invites exchange companies in the Kurdistan region to obtain business licenses DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

The Central Bank invites exchange companies in the Kurdistan region to obtain business licenses

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The Central Bank invites exchange companies in the Kurdistan region to obtain business licenses Empty The Central Bank invites exchange companies in the Kurdistan region to obtain business licenses

Post by claud39 Wed Dec 16, 2020 9:30 am

The Central Bank invites exchange companies in the Kurdistan region to obtain business licenses




December 14, 2020





The Central Bank invites exchange companies in the Kurdistan region to obtain business licenses Article-160811554529465






The Central Bank of Iraq invites brokerage firms to buy and sell foreign currencies in the (Kurdistan region) wishing to obtain a work license and register them as a banking company licensed by this bank, based on the amended Companies Law No. 21 of 1997, and the Central Bank Law No. 56 of the year
2004 .
 
This bank shows that obtaining the license entails advantages that are commensurate with the size of the category in which the company falls into the categories (A, B, C) classified by this bank .

»To view the license terms and advantages , click here





https://cbi.iq/static/uploads/up/file-160793686258556.pdf





https://cbi.iq/news/view/1620
claud39
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The Central Bank invites exchange companies in the Kurdistan region to obtain business licenses Empty Re: The Central Bank invites exchange companies in the Kurdistan region to obtain business licenses

Post by claud39 Wed Dec 16, 2020 9:36 am

First - Category (A )

Conditions:

1- Naming the company that will obtain the license as (private exchange / joint stock company).

2 - That the number of companies wishing to license is not less than (10) intermediary companies.

3 - That the capital of the licensed company is not less than (5,000,000,000.5) dinars (five billion dinars).

4 - The percentage of the letter of guarantee that will be issued in favor of this bank Akkad Akkad Zakat Iskatakakakakakakakakakakakakakakakakakakakakakakakakakakada (10%)
The company.

5- Adding units (Compliance Monitor, Combating Money Laundering and Combating Terrorism Financing, Supervision and Verification) to the organizational structure
Of the company.

6- Providing an accounting system that is capable of issuing reports that complete the company’s activities and branches.

Electronically.
.

7- Providing internationally approved anti-money laundering and terrorist financing regulations
Features:

1 - The company licensed and dissociated from the merger will be a private joint stock company and thus it will be able to offer shares
To subscribe if you wish to increase your capital or develop your business.

2- Mediating with me and buying foreign currencies.

3 - Throwing in the internal financial transfer (provided that the maximum transfer limit does not exceed your capital and reserves per one pound).

4 - Entering the window and buying foreign currency, so that one share is made up of the total number of shares for companies
The merged tithe, noting that the share amount increases if the number of the merged companies exceeds the ten companies.

5- Obtaining a power of attorney from (POS) (sale of Point) from the companies of electronic rudder service providers.

6- Acting as a main or secondary agent for global electronic money transfer companies such as (Gram Money, Western)
Union

7 - Obtaining an agency from POC (Cash Of Point) from the electronic helm companies.

8- Act as an agent for settlement (pre-rudder cards.

9 - The possibility of offering ASCMCA in the secondary trading market of Konka a joint stock company after you have met the requirements of the Iraq Stock Exchange
Financial.

10- The incoming and outgoing mail shall be directly in the two branches of this coffee in the region.

11 - The possibility of opening the roe up to a maximum of (20) members, including the branches of the merging companies.

12 - The fees paid by this coffee shall be for the exercise of machinery, follow-up, supervision and auditing (in the amount of) 500,3000
One dinar (three million five hundred thousand dinars), and studying the registration and licensing application for an amount of (2,500,500 dinars) two million dinars.
Five hundred thousand dinars).


3 - The possibility of adding other services in the future that are compatible with the financial services provided by non-bank financial institutions
.

Globally
14 - The company may change (or transfer the approval of your branches and in all governorates after obtaining the approval of this coffee.

Second - Category (B):

Conditions:

1- Naming the company that will obtain the license as (a limited exchange company).

2 - That the number of companies wishing to license is not less than (5) intermediary companies.

3 - That the capital of the licensed company is not less than (2 billion,500,2) dinars (two billion and five hundred million dinars).

4 - The amount of the letter of the bank account that will be issued to the bank, thus the bank Akkad Iskat al-Akkad Skatada Zakka (10%) Ras Kamal
The company.

5- Adding units (compliance monitor, anti-money laundering and terrorist financing, monitoring and control) units to the organizational structure
Of the company.

6- Providing an accounting system capable of issuing reports that include the time of the company's activities and its branches, and it is closely related to Makkah Al-Karrow.
electronic.

.
7- Providing internationally approved anti-money laundering and terrorist financing regulations
Features:

For Companies Law No. 21 of 1997.

1- The company shall be limited liability according to

2- Mediating with me and buying foreign currencies.

3- Throwing in the internal financial transfer (provided that the maximum transfer limit does not exceed your capital and reserves per one yen).

4 - As entry to the window and the bakka and the Zakat of the Azanese currency, so that the single share is formed, and the number of shares can be collected
For yesterday's merging companies.

5- Obtaining a power of attorney from (POS) (sale of Point) from the companies of electronic rudder service providers.

6- Acting as a secondary agent for global electronic money transfer companies such as (Gram Money, Union Western).

7 - The possibility of opening only one additional branch, so that the total number of (6) furs becomes the fur of the merging companies.

8 - The fees paid by this bank shall be the exercise of the mechanism, follow-up, supervision and check-up (in an amount of 3 000,000.3)
Dinkkar (the third Malikkin Dinkkar), and Azakkor Darskeh Talkkkk Tskjel and Tekkar license Pmplakkg (2.000.500) Dinkkar (Malikkoni)
Five hundred thousand dinars).

9 - The possibility of merging two companies from the category (B) to form a company (A) company or to merge a company and one of them enables the company (B) Makkah five
Class (C) companies after obtaining the approval of this coffee.

10 - The company may change (or transfer the approval of your branches and in all governorates after obtaining the approval of this coffee.




Third - Category (C )

Conditions:

1- The licensed company is called a company (mediating with and buying foreign currencies).

2 - The company's capital should not be less than (500,000,000) dinars (five hundred million dinars).

3 - The percentage of the letter of guarantee that will be issued in favor of this coffee against the damage to the Casa Stadium (10%) of the company's capital.

4 - The company relies, in combating money laundering and terrorist financing, on the controls related to combating money laundering and financing of terrorism
 Terrorism for Mediation Firms.

Features:

1- The company is limited in liability.

2- Mediating with me and buying foreign currencies.

3- Throw in the internal financial transfer (with a maximum limit of your capital and reserves not exceeding one euro).

4 - Entering the window and buying the Libyan currency.

5- Obtaining a power of attorney from (POS) (sale of Point) from the companies of electronic rudder service providers.

6 - The fees paid by this coffee shall be for the exercise of machinery, follow-up, supervision and auditing (amounting to) 2 750,750,000
Dinars (two million and one hundred fifty thousand dinars).

Note that the transfer of the rights and obligations of all the merging companies to the merging company or resulting from the merger is based on
According to the provisions of Article (152) of the Companies Law No. (21) of 1997 as amended.

Please provide a branch in Erbil with the requests of your companies wishing to register and license according to the above mentioned for the purpose of granting approval.
Initial procedures to start licensing procedures.


https://cbi.iq/static/uploads/up/file-160793686258556.pdf


https://cbi.iq/news/view/1620
claud39
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