Kurdistan Regional Government Iraq Board of Investment Kurdistan

Kurdistan Regional Government – Iraq Board of Investment Kurdistan The Gateway to Iraq 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%. Joint Venture: 24 Projects, capital 1. 058 Billion , 5%. National : 383 Projects, capital 16. 545 Billion , 79%.

FDI- by Country

Erbil/FDI- by Country

Treatment of Foreign Investors 1. Foreign investors and foreign capital are treated as national investors and national capital. 2. A foreign investor who establishes a project in the Region is entitled to own the entire project. 3. A foreign investor may transfer the profits of a project and interest on his capital abroad according to the provisions of the Investment Law. 4. 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. 5. 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 1. Exemption of projects from all taxes and non-customs duties for a period of 10 years. 2. Exemption from taxes and duties for machinery, implements, equipment, vehicles, and machines imported for a project, provided an import license is obtained. 3. Exemption from taxes and duties of spare parts imported for a project. 4. Exemption from customs duties of raw materials imported for production in a project for a period of five years.

Investment Map – Construction

Examples of Investment Opportunities Erbil: - Safeen Mountain of Kurdistan. - Game City in Erbil. - Erbil Tram Project. - Erbil Industrial zone.

Examples of Investment Opportunities Sulaimaniyah: - HAWARY SHAR. - SARCHINAR CEMENT FACTROY LAND. - QULARAISY LANDS. - OLD PETROL DEPOT. - POULTRY LAND AT KANDAKAWE. - PULIC TRANSPORTATION LAND. - SLEMANY CYLO.

Examples of Investment 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. Bo. T Projects.

Sample of a Plan

Some Other General opportunities - Health (Cancer , Chronic diseases). - Education (Postgraduate). - Scientific & Technological Researches & IT. - Banks , Insurance Companies & other Financial Institutions.

- 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.

Doing Business In The Kurdistan Region Iraq An official Publication of the Kurdistan Board of Investment & the General Consulate of France in Erbil

Kurdistan Welcomes You www. kurdistaninvestment. org Prepared by: Department of Studies & Information