Individual from the Parliamentary Venture and Advancement Board, Saeb Al-Hajami, proposed today, Sunday, making four revisions to the speculation regulations in Iraq, while resolving the main issues in the texts of these regulations.
“Amending investment laws in Iraq aims to create a more attractive environment for investors by improving some legal texts and simplifying procedures,” Al-Hajjami stated in an interview with
With respect to proposed changes to speculation regulations, he called attention to “working with regulatory methodology, which lessens the time and exertion expected to acquire the essential licenses and endorsements to begin venture projects.”
Al-Hajjami made sense of, “The other revision is to give legitimate ensures, by giving financial backers ensures that shield their speculations from any abrupt lawful or political changes,” calling attention to the significance of “further developing foundation by giving high level framework that upholds venture activities like streets, power, and water.” .
He addressed “charge exclusions, by conceding them to financial backers for specific timeframes to draw in additional speculations.”
He cited “ambiguity in some texts, which may open the way for multiple interpretations, in addition to legal instability, which may make the investment environment unstable” as examples of the issues with the investment law texts.
Al-Hajjami expressed, “The other issue spins around complex administration and long methodology, which might prevent the speed of beginning speculation projects.”
“Investment in Iraq can be mixed,” he stated. While there are extraordinary open doors because of the regular assets and key geological area, the security and political difficulties might influence the engaging quality of speculation.”
