Iraq

Ease of Doing Business in

Iraq

This page summarizes Doing Business 2015 data for Iraq. The first section presents the Ease of Doing Business rank (out of 189 economies) and the distance to frontier (DTF)** measure, overall and by topic. The second section summarizes the key indicators for each topic benchmarked against regional averages.

Economy Overview

 
Region Middle East & North Africa
Income Category Upper middle income
Population 33,417,476
GNI Per Capita (US$) 6,710
City covered Baghdad
Doing Business 2015 Rank Doing Business 2014 Rank*** Change in Rank
156 146 down -10

Doing Business 2015 DTF** (% points) Doing Business 2014 DTF** (% points) Change in DTF** (% points)
50.36 50.79 down -0.43

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 2015 Rank 142 DB 2014 Rank*** 136 Change in Rank down-6
DB 2015 DTF** (% points) 74.03 DB 2014 DTF** (% points) 73.88 Change in DTF** (% points) up0.15

Information on new business density and number of newly created firms with limited liability can be found at Entrepreneurship Database.

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)
10.0 8.0 4.8

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)
29.0 18.9 9.2

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)
38.2 28.1 3.4

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)
12.8 45.6 8.8
No. Procedure Time to Complete Associated Costs
1 Reserve a unique company name at the Baghdad Chamber of Commerce and the Federation of Chambers 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 the initial capital at a commercial bank and Obtain proof thereof 2 days IQD 5,000 - IQD 25,000
* 4 Obtain the shareholders' tax clearance certificates from the General Commission of Taxation 1 day (simultaneous with previous procedure) IQD 1,000 per tax clearance certificate
5 Apply for registration at the Companies Registry 14 days IQD 250,000 - 350,000
6 Obtain the registration certificate 1 day included in procedure 4
7 Make a company seal 2 days IQD 20,000
8 Register for taxes at the General Commission of Taxation 2 days IQD 450,000
9 Legalize accounting books 2 days USD 150
10 Register employees for social security 3 days IQD 20,000
* Takes place simultaneously with another procedure.

**The distance to frontier score shows how far on average an economy is at a point in time from the best performance achieved by any economy on each Doing Business indicator since 2005 or the third year in which data for the indicator were collected. The measure is normalized to range between 0 and 100, with 100 representing the frontier. Read more...

***Last year's rankings are adjusted. They are based on 10 topics and reflect data corrections.

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