Iraq

Ease of Doing Business in

Iraq

This page summarizes Doing Business 2013 data for Iraq. The first table lists the overall "Ease of Doing Business" rank (out of 185 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

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Economy Summary
Starting a Business
Dealing with Construction Permits
Getting Electricity
Registering Property
Getting Credit
Protecting Investors
Paying Taxes
Trading Across Borders
Enforcing Contracts
Resolving Insolvency
Region Middle East & North Africa
Income Category Lower middle income
Population 32,961,959
GNI Per Capita (US$) 2,640
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
165 163 down -2

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
44.0 43.3 down 0.7
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 177 177 No change
Dealing with Construction Permits 84 80 up -4
Getting Electricity 46 47 up 1
Registering Property 100 98 up -2
Getting Credit 176 176 No change
Protecting Investors 128 124 up -4
Paying Taxes 65 59 up -6
Trading Across Borders 179 181 up 2
Enforcing Contracts 141 141 No change
Resolving Insolvency 185 185 No change

Economy Profile

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Additional Data

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Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2013 Rank 177 DB 2012 Rank 177 Change in Rank 0
DB 2013 DTF** (% points) 57.8 DB 2012 DTF** (% points) 50.9 Improvement in DTF** (% points) up6.9
YearNew business densityNumber of new limited liability companies
2011 0.111,943
Indicator Iraq Middle East & North Africa OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

View methodology Procedures (number)
10 8 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

View methodology Time (days)
74 23 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

View methodology Cost (% of income per capita)
81.1 29.8 4.5

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology Paid-in Min. Capital (% of income per capita)
25.2 72.3 13.3
No. Procedure Time to Complete Associated Costs
1 Search for a company name; obtain a name reservation letter from the Baghdad Chamber of Commerce 2 days IQD 500,000
2 Hire a lawyer to draft articles of association 1 day about IQD 1,500,000
3 Deposit initial capital at commercial bank and obtain confirmation receipt 2 days IQD 5,000
4 File for registration at the Commercial Registry 14 days IQD 250,000 - 350,000
5 Make company seal 2 days IQD 20,000
6 Obtain registration certificate 1 day included in procedure 4
7 Report to tax authority to establish tax registration 2 days IQD 450,000
8 Legalize accounting books 2 days USD 150
9 Register employees for social security 3 days IQD 20,000
10 Apply for a trade license 30- 60 days IQD 200,000

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the indicators across all economies included in Doing Business since each indicator was included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

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