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This paper examines the effectiveness of Iraq's investment laws in attracting foreign investment and identifies necessary legislative reforms.

May 15, 2026Open Access

Investing in Iraq, the reality and the required legislative remedies

Key Points

This paper examines the effectiveness of Iraq's investment laws in attracting foreign investment and identifies necessary legislative reforms.
Review of Investment Law No. (13) of 2006 and its amendments in 2010 and 2015.
Analysis of the legal framework for investors, including land provision and tax incentives.
Consideration of administrative and bureaucratic barriers faced by investors.
Investment Law provides basic protections but lacks effectiveness in practice, limiting foreign capital engagement.
High rental fees and confusing regulations deter potential investors despite legal incentives.
Recommended amendments focus on simplifying procedures and enhancing protections against nationalization.

Abstract

Investment in all its forms is an important pillar in our time, to bring foreign capital to the state in the event that it is successfully and correctly applied, as well as establishing and establishing new, advanced and modern projects. The Iraqi legislator tried through the enactment of the Investment Law No. (13) For the year 2006 and its amendment No. (2) For the year 2010 and (50) for the year 2015 to provide a strong legal environment for Iraqi or foreign investors, by stipulating in the law the provision of lands by the state to investors in their projects in exchange for paying them relatively low rental fees, as well as offering attractive customs and tax exemptions, represented by providing guarantees to investors. Not to nationalize or confiscate their projects.

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