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Kurdistan The Gateway to Iraq . Kurdistan Regional Government – Iraq Board of Investment. Apr. 2012. Summary of investment projects. The total capital of all projects: 21 Billion The number of licenses projects : 441 Projects FDI : 34 Projects, capital 3.363 Billion , 16% .
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Kurdistan The Gateway to Iraq Kurdistan Regional Government – Iraq Board of Investment Apr. 2012
Summary of investment projects The total capital of all projects: 21Billion The number of licenses projects : 441Projects FDI: 34 Projects, capital 3.363 Billion ,16%. Joint Venture:24 Projects, capital 1.058 Billion ,5%. National : 383 Projects, capital 16.545 Billion ,79%.
Treatment of Foreign Investors • Foreign investors and foreign capital are treated as national investors and national capital. • A foreign investor who establishes a project in the Region is entitled to own the entire project. • A foreign investor may transfer the profits of a project and interest on his capital abroad according to the provisions of the Investment Law. • A foreign investor is entitled to repatriate his capital upon the liquidation or disposal of the project, provided doing so does not conflict with the provisions of law, customs procedures, and tax procedures. • A foreign investor is entitled to insure his project through any national or foreign insurance company.
Facilities, Exemptions, and Privileges Contained in the Investment Law • Exemption of projects from all taxes and non-customs duties for a period of 10 years. • Exemption from taxes and duties for machinery, implements, equipment, vehicles, and machines imported for a project, provided an import license is obtained. • Exemption from taxes and duties of spare parts imported for a project. • Exemption from customs duties of raw materials imported for production in a project for a period of five years.
Examples ofInvestment Opportunities Erbil: • Safeen Mountain of Kurdistan. • Game City in Erbil. • Erbil Tram Project. • Erbil Industrial zone.
Examples ofInvestment Opportunities Sulaimaniyah: • HAWARY SHAR. • SARCHINAR CEMENT FACTROY LAND. • QULARAISY LANDS. • OLD PETROL DEPOT. • POULTRY LAND AT KANDAKAWE. • PULIC TRANSPORTATION LAND. • SLEMANY CYLO.
Examples ofInvestment Opportunities Duhok: -Most of the Sectors as per the investment Law #4 of 2006 is open for Investment. • Priorities are Mainly in : Agriculture & Industry. Tourism. BoT Projects.
Health (Cancer , Chronic diseases). Education (Postgraduate). Scientific & Technological Researches & IT. Banks , Insurance Companies & other Financial Institutions. Some Other General opportunities
KRG Competitive & Priority Sectors • Agriculture. • Industry. • Agro- Industry. • Tourism. • Infrastructure Projects.
Other Major Issues Draft of KRG Strategic Plan. IT. Strategy. Four Industrial Areas. Scholarship Program “HCDP”. Transparency & Fighting Corruption. Employment Policy. Others.
An official Publication of the Kurdistan Board of Investment & the General Consulate of France in Erbil Doing Business In The Kurdistan Region Iraq
Kurdistan Welcomes You www.kurdistaninvestment.org Prepared by: Department of Studies & Information