Can foreign companies currently invest in Iraq?
CPA Order No. #39 amended by Order 46 ( www.iraqcoalition.org/regulations/index.html#Orders), issued and effective on September 19, 2003, has significantly opened the Iraqi market by permitting 100 percent foreign ownership and management of Iraqi business entities except in natural resources sectors, including oil, and with respect to insurance companies. In general, a foreign investor shall be treated on terms no less favorable than those applicable to Iraqi investors. There is no limit on the amount of foreign participation in a new or existing business entity, which can be wholly owned by a foreign investor or owned jointly with an Iraqi investor. The CPA also published Order No. 64 which significantly changed Iraqi company law to allow any Iraqi or foreign person or legal entity to establish or own an interest in a company in Iraq. A foreign investor may establish a branch office, manage the entity, and transfer abroad all funds associated with the investment, including profits an
