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Chapter Summary

The Federal Investment Law is the first proper piece of legislation in Iraq since it independence in the 1930s. It believes that investment is an important factor in the economic and social development of the country. The Federal Investment Law contains an appropriate licensing system, which requires investors to apply for an investment license from the competent authorities in the country. It offers generous incentives to the investor, such as the repatriation of his capital, exemption from taxation and fees, and so on. The Federal Investment Law imposes certain obligations on the investor, such as notification of readiness of his investment projects to the INC, respect for the environment and applicable labour law and so on. The Federal Investment Law contains a reasonable scheme for the settlement of disputes arising from investment activities in Iraq.

Keywords: Federal Investment Law; investor; Iraq



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