Regulations of Obtaining Required Licenses to Register an Oil Company in Iraq Considering that the companies that receive a license in Iraq or intend to
Foreigners from other countries can buy a property in the UAE, under certain conditions. In special areas called free zones it’s allowed to purchase property into full ownership. In any other place in the UAE it’s allowed to have a tenancy over a real estate object.
However, the UAE has mandated since 2015 that 51% of the shares in commercial firms must be owned by UAE citizens, However, it is conceivable to register in free zones with only foreign stockholders.
n order to transfer ownership of a company in Iraq, the company’s documents must be updated and legalized to current year, and if the company is subject of financial and legal penalties such as not appointing a legal advisor or not submitting annual financial statements, it must be settled and paid.
The Iraqi Bar Association is in charge of overseeing attorneys in Iraq. The majority of the work and administrative processes, such as registration, the requirement to permanently appoint a company/branch legal advisor, the purchase and sale and administrative processes in the country’s official offices, etc., must be carried out by Official lawyers and it is not possible for other people to refer to and do these things without a lawyer’s presence.
It should be noted that if a compromise is reached between the plaintiff and the complainant, it does not mean that the complaint is closed, because this issue is considered a public right, and the defendants will be subject to a record and a minimum public fine.
The rules for choosing a brand name in Iraq The choice of an appropriate business name is one of the challenging tasks in registration. On