Regulation of Transferring Ownership of a Company in Iraq
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 Importance of Lawyers Role in Registration Processes in Iraq
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.