Iraq

Ease of Doing Business in

Iraq

This page shows summary Doing Business 2012 data for Iraq. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region Middle East & North Africa
Income Category Lower middle income
Population 32,297,391
GNI Per Capita (US$) 2,320.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
164 159 down -5
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 176 174 up -2
Dealing with Construction Permits 120 114 up -6
Getting Electricity 46 47 up 1
Registering Property 98 95 up -3
Getting Credit 174 170 up -4
Protecting Investors 122 120 up -2
Paying Taxes 49 46 up -3
Trading Across Borders 180 180 No change
Enforcing Contracts 140 140 No change
Resolving Insolvency 183 183 No change

Economy Profile

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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 2012 Rank 176 DB 2011 Rank 174 Change in Rank down-2
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).

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Procedures (number)
11 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.

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Time (days)
77 20 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.

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Cost (% of income per capita)
115.7 35.0 4.7

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.

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Paid-in Min. Capital (% of income per capita)
35.5 86.7 14.1
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 Advertise incorporation notice in the newspaper 3 days USD 70
6 Make company seal 2 days IQD 20,000
7 Obtain registration certificate 1 day included in procedure 4
8 Report to tax authority to establish tax registration 2 days IQD 450,000
9 Legalize accounting books 2 days USD 150
10 Register employees for social security 3 days IQD 20,000
11 Apply for a trade license 30- 60 days IQD 200,000

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