ISX Requirements For Foreigners - Q & A (U.S. ONLY)

[lance]

Originally posted by Lance: US ONLY Instructions and procedures for foreigners (http://www.investorsiraq.com/showthread.php?t=36092)

Letter from Warka:


Dear Mr. Lance,

Although the foreign investment law has not been enacted yet however the instructions and procedures that will be required for foreigners to purchase stock and the transfer of ownership have been issued.

To purchase stock and to transfer ownership from the proxy company to the investor’s name the following documentation must be submitted and certified by the Iraqi Embassy or Consulate in your country:

1- ID Card

2- Valid Passport

3- Complete Address, Email and Telephone No.

4- Three Signature Copies.

I would highly appreciate if you could post this information on the forum informing our investors to prepare the above.

Best regards,

Mr. I

Manager

International Foreign Relations Dept.



This is much better.

http://www.isx-iq.net/page/iiff.htm

[CDR CHOP]

What does line 2 mean about a time limit of 15 days with regards to submitting our certified requirements from the Iraq Embassy or any reliable Governor?

Is this a time limit once we get the paperowork certified?

[ISX_TIME]

I just received my fedex from AACC, I sent it Tuesday, they got it Wednesday, I got it back this morning.

Now thats service

[ISX_TIME]

I just received my fedex from AACC, I sent it Tuesday, they got it Wednesday, I got it back this morning.

Now thats service

This is definately not a not a document that can be scanned and sent to Warka via email. I'm sure this will have to be fedexed again

NO KIDDING...This was actually signed by Condoleeza Rice

[RotaryRevn]

I just received my fedex from AACC, I sent it Tuesday, they got it Wednesday, I got it back this morning.

Now thats service

so you just got the paper notarized in your state, then sent it to aacc right?

[Lux]

What does line 2 mean about a time limit of 15 days with regards to submitting our certified requirements from the Iraq Embassy or any reliable Governor?

Is this a time limit once we get the paperowork certified?

It appears to me that the time limit is from the time you get the Embassy documents certified. They want the documents to be no more than 15 days old, not something older. It appears to me they want this process to be very tight.


This is definately not a not a document that can be scanned and sent to Warka via email. I'm sure this will have to be fedexed again

NO KIDDING...This was actually signed by Condoleeza Rice

They want the original so you should Fedex it since you have 15 days to get it there. You should keep a copy for yourself.

I'm sure that's a really good stamp of Condi's signature. I can't imagine her signing thousands of documents a day. :drunk:

[ISX_TIME]

so you just got the paper notarized in your state, then sent it to aacc right?

Yes, thats correct, It has seals and sps on both sides 3 sheets of paper they put on, and you CANT take it apart or it null and voids the document, so I'm guessing this must be sent to Warka now because it would be difficult to scan

[ISX_TIME]

If stocks are purchased in your name then the proxy is not involved at all. The term dealer is confusing and I will ask Mr I what they mean by dealer.



It appears to me that the time limit is from the time you get the Embassy documents certified. They want the documents to be no more than 15 days old, not something older. It appears to me they want this process to be very tight.



They want the original so you should Fedex it since you have 15 days to get it there. You should keep a copy for yourself.

I'm sure that's a really good stamp of Condi's signature. I can't imagine her signing thousands of documents a day. :drunk:

I sent 2 documents to get certified, and both codis signatures are not identical showing me it is not a stamp

[dinar shore]

I sent 2 documents to get certified, and both codis signatures are not identical showing me it is not a stamp

DT,
Are you implying that you didn't use legal size paper to get it all on one sheet to reduce cost? Did you put a copy of your D.L. and Passport on a separate sheet which made this two documents and if not, what size did you shrink your passport down to?

[ISX_TIME]

DT,
Are you implying that you didn't use legal size paper to get it all on one sheet to reduce cost? Did you put a copy of your D.L. and Passport on a separate sheet which made this two documents and if not, what size did you shrink your passport down to?

I used legal size paper, and although they utilized the blank space I left, two of the seals and certifications are "its own page" and one is double sided. and clearly states it is void if removed or tampered with

[cowpoke]

I used legal size paper, and although they utilized the blank space I left, two of the seals and certifications are "its own page" and one is double sided. and clearly states it is void if removed or tampered with

DT, That piece of paper they sent, Can it be photocopied?

[ISX_TIME]

DT, That piece of paper they sent, Can it be photocopied?

I sent one page, I got back 4 and 2 documents are double sided

[cowpoke]

Dear Mr. Lance,

Although the foreign investment law has not been enacted yet however the instructions and procedures that will be required for foreigners to purchase stock and the transfer of ownership have been issued.

To purchase stock and to transfer ownership from the proxy company to the investor’s name the following documentation must be submitted and certified by the Iraqi Embassy or Consulate in your country:

1- ID Card

2- Valid Passport

3- Complete Address, Email and Telephone No.

4- Three Signature Copies.

I would highly appreciate if you could post this information on the forum informing our investors to prepare the above.

Best regards,

Mr. I

Manager

International Foreign Relations Dept.


Yes, thats correct, It has seals and sps on both sides 3 sheets of paper they put on, and you CANT take it apart or it null and voids the document, so I'm guessing this must be sent to Warka now because it would be difficult to scan

Mr. I says "To purchase stock and to transfer ownership from the proxy company to the investor’s name the following documentation must be submitted and certified by the Iraqi Embassy or Consulate in your country


So why would we have to send anything else?
Also the ISX says nothing else is needed, so what exactly is the other stuff for?:confused:

[dinar shore]

I sent one page, I got back 4 and 2 documents are double sided


DT,
Please look at this taken off the Iraq Embassy Site:

Send a company check, personal check, or money order paid to the order of "Arab American Chamber of Commerce" for the total of the following charges:
1. Our Service fee is $75.00 to certify any legal document.
We charge $35.00 for each additional document.
2. Notary public and court fee. {$5.00}each
3. Secretary of State fee . {$5.00} each
4. Department of State fee . {$7.00}each
5. Chamber of Commerce certification fee {30.00}each
6. Embassy of Iraq fee {160.00}each

How much was your money order? What is the Embassy of Iraq fee and is that $160 usd? Thanks for your help.

[Lux]

DT,
Please look at this taken off the Iraq Embassy Site:

Send a company check, personal check, or money order paid to the order of "Arab American Chamber of Commerce" for the total of the following charges:
1. Our Service fee is $75.00 to certify any legal document.
We charge $35.00 for each additional document.
2. Notary public and court fee. {$5.00}each
3. Secretary of State fee . {$5.00} each
4. Department of State fee . {$7.00}each
5. Chamber of Commerce certification fee {30.00}each
6. Embassy of Iraq fee {160.00}each

How much was your money order? What is the Embassy of Iraq fee and is that $160 usd? Thanks for your help.

Hey DS,

It's all here:

How To Meet the ISX Requirements To Invest in the ISX (http://www.investorsiraq.com/?page=isx)

$98 is the total money order to AACC to cover ALL fees as an individual.


$160 is the "Emabassy fee" if you were doing business as a company.
If you were doing business as a company, then your money order should be $253.

:wave:

Lux

[dinar shore]

Hey DS,

It's all here:

How To Meet the ISX Requirements To Invest in the ISX (http://www.investorsiraq.com/?page=isx)

$98 is the total money order to AACC to cover ALL fees as an individual.


$160 is the "Emabassy fee" if you were doing business as a company.
If you were doing business as a company, the your money order should be $253.

:wave:

Lux

Thanks, Lux. I used a separate page to copy my Passport and D.L. because I am not using legal size paper. This means that I add $35 to the $98, right? I appreciate you help and consult.

[Lux]

Thanks, Lux. I used a separate page to copy my Passport and D.L. because I am not using legal size paper. This means that I add $35 to the $98, right? I appreciate you help and consult.

That is correct. Glad to be of help.

:wave:

[Lux]

Mr. I says "To purchase stock and to transfer ownership from the proxy company to the investor’s name the following documentation must be submitted and certified by the Iraqi Embassy or Consulate in your country


So why would we have to send anything else?
Also the ISX says nothing else is needed, so what exactly is the other stuff for?:confused:

This is the Embassy's requirements for them to sign and certify. To get the document signed by the Embassy, they want you to follow the process of getting your documents notarized and certified. They don't just take any copy.

:wave:

Lux

[Lux]

DT, That piece of paper they sent, Can it be photocopied?


I used legal size paper, and although they utilized the blank space I left, two of the seals and certifications are "its own page" and one is double sided. and clearly states it is void if removed or tampered with

WARKA DOES NOT WANT COPIES. YOU MUST SEND THEM THE ORIGINALS OR YOU WILL BE WASTING YOUR MONEY.

YOU HAVE 15 DAYS FROM WHEN THE EMBASSY SIGNS TO GET THE ORIGINALS TO WARKA. IF YOU MISTAKENLY SEND COPIES, YOU WILL PROBABLY HAVE TO DO THE SAME PROCESS AGAIN.

VERY IMPORTANT - DO NOT REMOVE THE STAPLES FROM THESE DOCUMENTS WHEN YOU MAKE A COPY FOR YOUR PERSONAL RECORDS. IT WILL RENDER THEM USELESS.

[ISX_TIME]

WARKA DOES NOT WANT COPIES. YOU MUST SEND THEM THE ORIGINALS OR YOU WILL BE WASTING YOUR MONEY.

YOU HAVE 15 DAYS FROM WHEN THE EMBASSY SIGNS TO GET THE ORIGINALS TO WARKA. IF YOU MISTAKENLY SEND COPIES, YOU WILL PROBABLY HAVE TO DO THE SAME PROCESS AGAIN.

VERY IMPORTANT - DO NOT REMOVE THE STAPLES FROM THESE DOCUMENTS WHEN YOU MAKE A COPY FOR YOUR PERSONAL RECORDS. IT WILL RENDER THEM USELESS.

I have sent originals, I took them out of ONE fedex envelope and put them in another fedex envelope that is already enroute to Warka. I dont temp fate :lmao:

[ISX_TIME]

DT,
Please look at this taken off the Iraq Embassy Site:

Send a company check, personal check, or money order paid to the order of "Arab American Chamber of Commerce" for the total of the following charges:
1. Our Service fee is $75.00 to certify any legal document.
We charge $35.00 for each additional document.
2. Notary public and court fee. {$5.00}each
3. Secretary of State fee . {$5.00} each
4. Department of State fee . {$7.00}each
5. Chamber of Commerce certification fee {30.00}each
6. Embassy of Iraq fee {160.00}each

How much was your money order? What is the Embassy of Iraq fee and is that $160 usd? Thanks for your help.


I paid $156 because I had 2 copies made ( One as a backup). I have another investment in Iraq that will probably need the same information (or maybe not)

[cowpoke]

This is the Embassy's requirements for them to sign and certify. To get the document signed by the Embassy, they want you to follow the process of getting your documents notarized and certified. They don't just take any copy.

:wave:

Lux

Lux, My point is this:
1- ID Card
2- Valid Passport
3- Complete Address, Email and Telephone No.
4- Three Signature Copies.

This is all that is required to get our shares and to trade on the ISX.
So all the embassy is doing is just verifying it is you, they stamp it and you scan it and email to Warka.
SO WHY are steps are steps 1, 2 and 3 needed? You would think that only the fourth step is needed because it is pointless for the other stuff because if they already trust your local stamp Notary as proof of who you are, then why do they need the rest?

And if this is just for the embassy to sign off on, then is a scan of just the original needed for Warka and not the additional stuff they sent DT?

1. Re-Notarize at the Circuit Court in Maryland ($5.00)
2. Have it certified by the Secretary of State of Maryland ($5.00)
3. Have it certified by the US Department of State ($7.00)
4. Have it certified by the Embassy of Iraq ($5.00 + $1.00 for money order)

[Lux]

PLEASE GO TO THE ISX FAQs FOR THE MOST UP TO DATE INFORMATION ON HOW TO MEET THE ISX REQUIREMENTS FOR FOREIGNERS (by clicking on this link). (http://www.investorsiraq.com/?page=isx)

Once the ISX officially opens to foreigners, you must meet the ISX requirement (as posted above by Lance in the letter from Warka and the link to the ISX) if you wish to purchase stocks in the ISX.

Warka will keep their proxy company open until you transfer your shares into your name. They will advise how long, but at this point it is indefinitely open.

Please post your questions, but only after you have read the ISX FAQs page. The process is simple and clearly stated in two separate step by step process. One is FAST. The other is SLOW. Choose the one that is best for you.

:wave:

Lux


NON-US discussions are being held on this thread: NON-US Instructions and procedures for foreigners (http://www.investorsiraq.com/showthread.php?t=36209)

[Lux]

Lux, My point is this:
1- ID Card
2- Valid Passport
3- Complete Address, Email and Telephone No.
4- Three Signature Copies.

This is all that is required to get our shares and to trade on the ISX.
So all the embassy is doing is just verifying it is you, they stamp it and you scan it and email to Warka.
SO WHY are steps are steps 1, 2 and 3 needed? You would think that only the fourth step is needed because it is pointless for the other stuff because if they already trust your local stamp Notary as proof of who you are, then why do they need the rest?

And if this is just for the embassy to sign off on, then is a scan of just the original needed for Warka and not the additional stuff they sent DT?

1. Re-Notarize at the Circuit Court in Maryland ($5.00)
2. Have it certified by the Secretary of State of Maryland ($5.00)
3. Have it certified by the US Department of State ($7.00)
4. Have it certified by the Embassy of Iraq ($5.00 + $1.00 for money order)

He is following this process, He simply used the AACC to do it.

As the document goes through the process, they add certification documents. That is what DT is referring to. He started with one, and they added three. They are all staple together and MUST NOT SEPARATED.

Please refer to the ISX FAQs page to better understand the process. This is why it was set up. Threads are discussions and we are going to have this one closed for the sake of clarity.

GO TO THE ISX FAQS FOR THE MOST UP TO DATE INFORMATION ON HOW TO MEET THE ISX REQUIREMENTS FOR FOREIGNERS. (http://www.investorsiraq.com/?page=isx)

Q&A IS ON A NEW THREAD: ISX Requirements For Foreigners - Q & A (US Only) (http://www.investorsiraq.com/showthread.php?t=36923)

[cowpoke]

I have sent originals, I took them out of ONE fedex envelope and put them in another fedex envelope that is already enroute to Warka. I dont temp fate :lmao:

DT, I sent mine off yesterday to the Arab Chamber, thanks for the help.
Now , when you sent it to WARKA did you FEDEX it overnight?
What were your options?
Thanks

[Lux]

(post saved for future use)

[ISX_TIME]

DT, I sent mine off yesterday to the Arab Chamber, thanks for the help.
Now , when you sent it to WARKA did you FEDEX it overnight?
What were your options?
Thanks

I have a fedex online account, and there were No options other then FedEx IINTERNATIONAL PRIOITY

It costs $40.52

[ISX_TIME]

He is following this process, He simply used the AACC to do it.

As the document goes through the process, they add certification documents. That is what DT is referring to. He started with one, and they added three. They are all staple together and MUST NOT SEPARATED.

Please refer to the ISX FAQs page to better understand the process. This is why it was set up. Threads are discussions and we are going to have this one closed for the sake of clarity.

GO TO THE ISX FAQS FOR THE MOST UP TO DATE INFORMATION ON HOW TO MEET THE ISX REQUIREMENTS FOR FOREIGNERS. (http://www.investorsiraq.com/?page=isx)

Q&A IS ON A NEW THREAD: ISX Requirements For Foreigners - Q & A (US Only) (http://www.investorsiraq.com/showthread.php?t=36923)

The four that I received back are secured with a gromet , not a staple, if you remove it, there is NO way to put it back the way it was.

[Lux]

Thanks for the clarification on the staple.

The fact is all documents must be kept together as one document.

:wave:

[cowpoke]

The four that I received back are secured with a gromet , not a staple, if you remove it, there is NO way to put it back the way it was.

Well this is good and should help to insure security and integrity of the ISX.
This should help aid in the clarity.:huge:

Markets Love Clarity. :)

[bert]

lance did anyone answer your catch 22 question from the other thread?i have not seen any yet.it's the the only one that matters.

[jimmy4645]

Wondering if someone can clear this up. Some of us my have the same confusion. I understand a total of $98.00 money order is required, but when I make a copy of ID and Passport on a separate sheet of paper. Do I have to include (there is a charge of $35 for each additional documents) for the second sheet that has the copy of the ID and Passport???

Just would like to make sure a legal size paper would be a standard white sheet 8.5x11 in size???

Thanks:huge:

[cowpoke]

Wondering if someone can clear this up. Some of us my have the same confusion. I understand a total of $98.00 money order is required, but when I make a copy of ID and Passport on a separate sheet of paper. Do I have to include (there is a charge of $35 for each additional documents) for the second sheet that has the copy of the ID and Passport???

Just would like to make sure a legal size paper would be a standard white sheet 8.5x11 in size???

Thanks:huge:

YES you will need to send an additional $35.00 for each document.
LEGAL SIZE IS 8.5x14.
If you lay it out right it will all fit on ONE SHEET.

[calstar]

Document Approved.....:happy64: :happy64: :happy64:

[jimmy4645]

So, Can anyone express their opinion; should I take care of this document and send it to Warka now or should I wait a bit till things start to unfold...

Anyone send the document to Warka yet????

Thanks Guys for helping..:huge: :huge:

[RotaryRevn]

They need the document within 15 days of it being certified right? But as I understand it, it's not legal for foreigners to buy shares yet. So what if you send it off to them now but it doesn't become legal for foreigners to invest for a few more months. Will the document still be valid.

[calstar]

I send a pdf of my document and file it with the brokage company so they could keep it on file. He did not ask me for the orginal document.

[calstar]

Yes the iraqi embassy stamped and signed my document last week. I sent it to warka last monday. I got my e mail from Mr I saying that he received it and file it with brokeage company at warka.

[jimmy4645]

Well does anyone know how we are going to purchase stocks when it's going to be in are own names...

Will we still go through Warka to purchase stocks.???..?

[cowpoke]

The four that I received back are secured with a gromet , not a staple, if you remove it, there is NO way to put it back the way it was.


Yes the iraqi embassy stamped and signed my document last week. I sent it to warka last monday. I got my e mail from Mr I saying that he received it and file it with brokeage company at warka.

tstar, did yours have the other 3 pieces of paper with tamper proof seals on them attached to the original photocopied print of the passport and ID like the one's that DT received from the Arab Chamber of Commerce in Maryland? And if so were they tied together with a special Grommet like DT's?
:wave:

[dagod1]

Mr. I said we could keep stock in Warka proxy with out problems. So that is what I am going to do. when I buy stock of a mutual fund or shares of microsoft I let the brokerage house hold the shares, which is fine.
ROb

[cowpoke]

Yes the iraqi embassy stamped and signed my document last week. I sent it to warka last monday. I got my e mail from Mr I saying that he received it and file it with brokeage company at warka.


I send a pdf of my document and file it with the brokage company so they could keep it on file. He did not ask me for the orginal document.


Yes, thats correct, It has seals and sps on both sides 3 sheets of paper they put on, and you CANT take it apart or it null and voids the document, so I'm guessing this must be sent to Warka now because it would be difficult to scan

So if I am getting this here, tstar, you are in Iraq right now so you went to the local embassy there and they just stamped and signed it.

Then you scanned it and sent it to Warka, correct?

Otherwise:
For those of us who live in the US, we must follow the aforementioned path that DT has blazed for us and fed ex the Documents to Warka because of the added TAMPER PROOF SEALS that can't be scanned.

[calstar]

I went to iraqi embassy last week. I got them to sign and stamp the document well I begged them to because I drove 900 miles to get this done. So they did. Its cost 160.00 USD. But dont try it this way because they wont do it. I got lucky. Nice people they me stay there to wait for the counselate to come in to sign and stamp. I'm back in states I went Wash DC.

[calstar]

Message from Mr I:

He does not need the document at this this time. Only when it will be requested the ISX. :happy64:

[cowpoke]

Message from Mr I:

He does not need the document at this this time. Only when it will be requested the ISX. :happy64:

:confused: That makes no sense, what's with the 15 Days? :confused:

[calstar]

I dont know e mail him thats what he told me. I send a photocopy tho...:rolleye03

[cowpoke]

Dear Mr. cowpoke



The pleasure is truly mine and I am happy to be of service and assistance. Please note that no time limit has been set and the market is still not opened to foreigners yet. We are requesting our clients to prepare the documents to present it when the FIL is implemented and the ISX opens its doors to foreigners to invest. Please send me a copy by scan and return email for the time being.



Best regards,



MR. I

[calstar]

Well cowpoke there's the answer. Where did the 15 days come from? :rolleye03

[cowpoke]

Well cowpoke there's the answer. Where did the 15 days come from? :rolleye03

tstar, it's not even 15 days now it's 2 weeks.
Look at the new updated page.
http://www.isx-iq.net/page/iiff.htm (scroll down)
I kind of felt like we were jumping the gun but the excitement whipped us all up.:D

Anyhow I have My ID verification on the way back from the AACC and will try and scan. I know DT said impossible but I, by nature have to at least try... I am stubborn.:drunk:

[calstar]

GOOD LUCK........KEEP ME POSTED. :huge:

[Lenmon]

I got my ID verification back. Sent it March 30th, got it back today. At least they are very quick about it.


Do as Ye Will, Harm None
Blessed Be

[cowpoke]

I got my ID verification back. Sent it March 30th, got it back today. At least they are very quick about it.


Do as Ye Will, Harm None
Blessed Be

Mine is on it's way back now, due in Monday.

Did your's have all the seal and stuff like DT's?

[Lenmon]

yes it did, even has Codolizza's signature. Pretty neat.

DO as Ye Will, Harm None
Blessed Be

[jimmy4645]

So I take it we must email the papers!!!

[cowpoke]

AWESOME!! :huge:
It really does look like Condie's siggy

This is weird, they must authorize people to sign for them.

I think it is Jaon C Hampton that signed on her behalf because it says "Affixed is my name subscribed by the Assistant Authentication Officer.

Anyways WHO cares I GOT MINE!!!:happy64:

[calstar]

you go cowpoke....:huge:

[lonelyintexas]

Mine is still at Department of State should be back by FEDEX on Tues or Wed next week.
LIT

[RotaryRevn]

I'm still confused on this. I thought Mr. I said he didn't need the form yet because the ISX was not open to foreigners. I also remember someone saying you had 15 days to get it to them from when it was signed. So what if you send it and the isx doesn't open to foreigners till Sept. Will you have to get another and send it because it was done more than 15 days ago?

[cowpoke]

I'm still confused on this. I thought Mr. I said he didn't need the form yet because the ISX was not open to foreigners. I also remember someone saying you had 15 days to get it to them from when it was signed. So what if you send it and the isx doesn't open to foreigners till Sept. Will you have to get another and send it because it was done more than 15 days ago?

The 15 days (now it at 2 weeks) is a formality based on anti forgery ect.

Mr.I and Warka are very good at taking care of their clients.

He did say that but he also know/understands that there are folks like us that are on our game plan and JUST WANT TO BE SURE. That's why he said a copy should be fine for the TIME BEING.:huge:

[RotaryRevn]

Thanks for the clarification

[Luko1234]

Can somebody direct me to where I can cut a copy of the form needed for the whole certification process?

[yunowu]

Just got my documents back from Arab Chamber of Commerce. I will mail the original to Mr. I Today. Woo hooo..... !!!!!!!!!!!! I am done !! Thank you again Sportlux for all the help that you have given me !!!!!:happy64:

[calstar]

SEND HIM A PDF FIRST.....:rolleye03

[yunowu]

Yes thank you Tstar and Dinar Time for reminding me. I will first send a pdf copy of my documents to Mr. I.

Thank you again.:huge:

[dinar shore]

PLEASE GO TO THE ISX FAQs FOR THE MOST UP TO DATE INFORMATION ON HOW TO MEET THE ISX REQUIREMENTS FOR FOREIGNERS (by clicking on this link). (http://www.investorsiraq.com/?page=isx)

Once the ISX officially opens to foreigners, you must meet the ISX requirement (as posted above by Lance in the letter from Warka and the link to the ISX) if you wish to purchase stocks in the ISX.

Warka will keep their proxy company open until you transfer your shares into your name. They will advise how long, but at this point it is indefinitely open.

Please post your questions, but only after you have read the ISX FAQs page. The process is simple and clearly stated in two separate step by step process. One is FAST. The other is SLOW. Choose the one that is best for you.

:wave:

Lux


NON-US discussions are being held on this thread: NON-US Instructions and procedures for foreigners (http://www.investorsiraq.com/showthread.php?t=36209)

I FedEx'd my info (the fast form) overnight to the AACC on 3/30. Have not seen or heard anything since then and I felt something must have happened. I called the AACC (4/9) and spoke to Amad (really nice guy) and told him of my concerns and asked if he had an update for me. He asked for my name again and proceeded to go through a stack of 'rejected letters' and mine was amongst them. He told me the Iraqi Embassy declined to stamp my form letter because of the following first sentence:

I wish to provide the necessary Authentication Requirements to engage in trading on the Iraq Stock Exchange.

Amad said they did not accept the verbage content referencing 'engaging in trading' on the ISX. Amad asked me to delete this sentence and re-sign the new letter 3x with the same 3/30 date from the original letter. He said that the AACC would notarize the new letter and resubmit to the IA. I FedEx'd the the amended letter today. No additional charges required to AACC. I realize that many of you did not get flagged like I did using the same format (consider yourself fortunate) but I'm certain others will or already have like me. Just a heads-up.

[RotaryRevn]

I FedEx'd my info (the fast form) overnight to the AACC on 3/30. Have not seen or heard anything since then and I felt something must have happened. I called the AACC (4/9) and spoke to Amad (really nice guy) and told him of my concerns and asked if he had an update for me. He asked for my name again and proceeded to go through a stack of 'rejected letters' and mine was amongst them. He told me the Iraqi Embassy declined to stamp my form letter because of the following first sentence:

I wish to provide the necessary Authentication Requirements to engage in trading on the Iraq Stock Exchange.

Amad said they did not accept the verbage content referencing 'engaging in trading' on the ISX. Amad asked me to delete this sentence and re-sign the new letter 3x with the same 3/30 date from the original letter. He said that the AACC would notarize the new letter and resubmit to the IA. I FedEx'd the the amended letter today. No additional charges required to AACC. I realize that many of you did not get flagged like I did using the same format (consider yourself fortunate) but I'm certain others will or already have like me. Just a heads-up.

do we have an updated format to copy? (still waiting on my passport, I should get it within 2 weeks.)

[cowpoke]

He told me the Iraqi Embassy declined to stamp my form letter because of the following first sentence:

I wish to provide the necessary Authentication Requirements to engage in trading on the Iraq Stock Exchange.

Amad said they did not accept the verbage content referencing 'engaging in trading' on the ISX. Amad asked me to delete this sentence and re-sign the new letter 3x with the same 3/30 date from the original letter.

I got mine back safe so I lucked out.

Well this makes no sense? Why the heck would I want their seal on my stuff to begin with if not to invest in the ISX?:confused:

What to they think, we want permission to go to DINARLAND?:drunk:

Thanks Dinar Shore for the heads up

[dinar shore]

do we have an updated format to copy? (still waiting on my passport, I should get it within 2 weeks.)

Amad with AACC told me to just remove the first two sentences referencing anything about the ISX. Will let you know when / if I get them back this week.

[Lenmon]

I emailed Mr I copies of my documents. This was his reply.

Dear Mr.

Your documents will be kept safely in our volt and we will submit your documentation to the ISX once the FIL will be put into market practice opening its doors officially to foreigners.

Best regards,


Deputy Managing Director
International Affairs

So you don't have to send the originals. He was ok with email copies.

Do as Ye Will, Harm None
Blessed Be

[yunowu]

Arab American Chamber of Commerce told me over the phone that if the phrase "wish to engage in ISX stock trading" and "transfer shares from the Proxy program to my name" are included in the notarized documents, the fee will be higher !!! I paid total of $ 253 for mine !! Good luck to all !!:huge:

[cowpoke]

I tried to send My scanned copy of Passport and 3 signature to MR I but he needed the Iraqi Embassy stamp on them.
I told him that the Embassy stamp was on the back of the Secretary Of State paper that was attached by a brass brad. I scanned the embassy part and emailed it to him and I then asked if I should just FedEx it all to him and here was his reply.

Dear Mr. Cowpoke,

Please send us the documents by FedEx once the FIL will be put into official market practice and the ISX opens its doors to foreigners.

Best regards,

Was the Iraqi seal on the back of anyone else's Secratary of state seal?

I think it should be placed on the front with the 3 signatures.
I think I am going to call the AACC.

[calstar]

I DIDNT HAVE TO GO THRU THE DEPT OF STATE OR STATE GOV. THE IRAQI EMBASSY STAMPED MY IN THE FRONT OF DOCUMENT. MAKE COPIES FOR YOURSELF SEND THE ORIGINALS MY FEDEX. :rolleye03

[Lenmon]

The Iraqi seal was on the back of mine, I just scanned it and sent it along. Mr I accepted it that way.

Do as Ye Will, Harm None
Blessed Be

[yunowu]

My document was 11 X 17. There is no way that my scanner can scan everything on that one page. Mr. I told me just fed-ex the whole documents to him. Let's see.... My fedex tracking number is telling me that my package just left memphis, it is probably somewhere over the Atlantic Ocean right now... Good luck to all...:huge:

[calstar]

11 x 17 is the way to go. They want see all signatures and stamps on the same page with the passport and DL Pictures.

[cowpoke]

I DIDNT HAVE TO GO THRU THE DEPT OF STATE OR STATE GOV. THE IRAQI EMBASSY STAMPED MY IN THE FRONT OF DOCUMENT. MAKE COPIES FOR YOURSELF SEND THE ORIGINALS MY FEDEX. :rolleye03

Well this just suks because I called that dude at the AACC and he SWORE UP AND DOWN THAT this was the only way to get an international document stamped by the Iraqi Embassy.

tstar, can you call this dude and enlighten him/ them?

All we need is the stamp on the front of the documents.:rolleyes:

[calstar]

i Had To Beg Them To Sign Because I Drove 900 Miles To Dc. Then I Had To Get An Money Order For 160.00 For The Stamp. I Didnt Have To Go To The Embassy But Some Told That I Should. The Are Pretty Slow Get Thing Done. My Advice Is To Call Them And Find What They Really Want.

[calstar]

you Can Change The Document By Cut And Pasting To 11 X 17 With An Smaller Picture.

[tmorr37]

This is what the IIF is about. Reminds me of the early days of bank accounts.
Steps and procedures were always changing. This was followed by the ISX which was not available to us in the beginning.
We watch as the brave few blaze a trail for us to follow.

[explorerhot]

Amad with AACC told me to just remove the first two sentences referencing anything about the ISX. Will let you know when / if I get them back this week.

Do you all think this would work for the First part of the letter? Removing anything referencing ISX and Proxy.


"To Whom It May Concern:
I wish to submit the following documents to be Legalized and Certified by the Embassy Of Iraq in Washington DC, in accordance with the requirements of the Iraqi Foreign Investment Law.
I, __________, certify with my three original signatures below, that this is a true and accurate copy of my valid U.S. Passport and valid Texas Drivers License. Above is my current home address, telephone number, and email address."

Also do you have to have everyting on one page? Could you send a cover letter with the above explanation of why you are wanting the certification of documents?

Also can you reduce the size of your passport or doese it have to be full size? Also do you have to copy the complete 2 page section of passport(the portion with info and picture and the page next to it with your signature) or could you cut off most of the signature page to save space?

Anybody have any Ideas? can anybody post pics of their scans with personal info edited. Just to show How you got it all on one page.

[cowpoke]

Do you all think this would work for the First part of the letter? Removing anything referencing ISX and Proxy.


"To Whom It May Concern:
I wish to submit the following documents to be Legalized and Certified by the Embassy Of Iraq in Washington DC, in accordance with the requirements of the Iraqi Foreign Investment Law.
I, __________, certify with my three original signatures below, that this is a true and accurate copy of my valid U.S. Passport and valid Texas Drivers License. Above is my current home address, telephone number, and email address."

LOOKS GOOD.

Also do you have to have everything on one page? Could you send a cover letter with the above explanation of why you are wanting the certification of documents?

It will all fit on 1 page. I would Not risk separate pages.

Also can you reduce the size of your passport or doese it have to be full size? Also do you have to copy the complete 2 page section of passport(the portion with info and picture and the page next to it with your signature) or could you cut off most of the signature page to save space?

Keep everything original size, JMO. It will all fit nicely.

Anybody have any Ideas? can anybody post pics of their scans with personal info edited. Just to show How you got it all on one page.

Check Your PM.:wave:

[Dinartalk]

http://img.villagephotos.com/p/2006-4/1173627/1234.jpg

[calstar]

HEY I DID MINE THE SAME WAY....:rolleye03

[yunowu]

Good news everyone !!! My Fedex package containing all my notorized documents arrived at Warka on 1:00 P.M. April 15th, 2007. I mailed my fedex from Las Vegas on Tuesday April 10th, 2007. If I can be a service/help to anyone concerning this process, Please let me know. I want to especially thank Sportlux and Dinar Time for helping me thru out the whole process. This would not happen without the help of these two great IIF veterans. Thank you Again !!!:huge:

[cowpoke]

Now the form/ Instructions for Non Iraqi's Investment is Gone; they must be changing the rules again.:confused:
http://www.isx-iq.net/page/iiff.htm

[AAD]

Now the form/ Instructions for Non Iraqi's Investment is Gone; they must be changing the rules again.:confused:
http://www.isx-iq.net/page/iiff.htm

Strange indeed, maybe they are going to make further changes to it. I myself will wait it out a bit longer before submitting anything to Warka...

[Lenmon]

I just looked, and the instructions are there. Didn't notice any changes.


Do as Ye Will, Harm None
Blessed Be

[cowpoke]

I just looked, and the instructions are there. Didn't notice any changes.


Do as Ye Will, Harm None
Blessed Be

Well then maybe you should clean your cookies and page history because it is not there.
I have used 2 separate computer's on 2 separate IP's and it is missing.
I think the new rules are being wrote.
Can you post the link you are going to?

[duckxtales]

Hi fellow ISX Players,

I just got my documents back from AACC. I just wanted to confirm what would be the next step. Also the Iraq Embassy stamp is on back of the document.

Do I scan all the pages and email it to Warka to confirm the documents? Or do I send the original documents directly to Warka Bank by Fedex?

I read some of you are waiting to send it in since the ISX isnt open yet. And for those that have already sent the documents to Warka, did you get a confirmation from them that they recieved it?

Thanks

[ISX_TIME]

Hi fellow ISX Players,

I just got my documents back from AACC. I just wanted to confirm what would be the next step. Also the Iraq Embassy stamp is on back of the document.

Do I scan all the pages and email it to Warka to confirm the documents? Or do I send the original documents directly to Warka Bank by Fedex?

I read some of you are waiting to send it in since the ISX isnt open yet. And for those that have already sent the documents to Warka, did you get a confirmation from them that they recieved it?

Thanks


send a scan of the passport/drivers license page, the federal government page with condis signature and the page with the embassy seal

dont mail it for now, I did before I was told not to, and Warka placed it in their vault

[AAD]

Well then maybe you should clean your cookies and page history because it is not there.
I have used 2 separate computer's on 2 separate IP's and it is missing.
I think the new rules are being wrote.
Can you post the link you are going to?

As of today the instructions are still missing from their webpage...

[cowpoke]

As of today the instructions are still missing from their webpage...

I know, it's strange.:eek:

[Crow]

I know, it's strange.:eek:

The ISX instructions for non Iraqis has more info,just noticed that.

[AAD]

The ISX instructions for non Iraqis has more info,just noticed that.

You got a new link to that, or are you talking about what's already posted here?...

[cowpoke]

The ISX instructions for non Iraqis has more info,just noticed that.

LINK PLEASE!:eek:

Crow what page are you looking at, can you post it?
Thanks

[Crow]

Just some more info I didn't notice,www.ISX-net

[AAD]

Please edit your link Crow it doesn't work...

[Crow]

www.isx-iq.net Just things I didn't notice before.

[cowpoke]

www.isx-iq.net Just things I didn't notice before.

Yes, there are new things there. However, Click on the Investment Instruction Tab and it is now blank

Here is the Investment Instruction Tab Link.
http://www.isx-iq.net/page/iiff.htm

[explorerhot]

Yes, there are new things there. However, Click on the Investment Instruction Tab and it is now blank

Here is the Investment Instruction Tab Link.
http://www.isx-iq.net/page/iiff.htm


The link is Working now.... they added another step to their requirments, Letter F.) jumping through a Hoop of Fire.:rolleye03

[AAD]

The link is Working now.... they added jumping through a Hoop of Fire.:rolleye03

LOL! I wouldn't put that passed them...:lmao:

[duckxtales]

hi again,

i got my documents back from the embassy and dinar_time says I should just scan them in and email it to warka, but who should I email it to?

Thanks

[NewIraqiDinar]

hi again,

i got my documents back from the embassy and dinar_time says I should just scan them in and email it to warka, but who should I email it to?

Thanks

Just email them to Mr. I.

[coconut]

I would love to see a picture of that vault. I have seen the Warka Bank - beautiful architecture.

I'm hoping the Embassy letter gets dropped as a requirement - definitely a burden for any investor - big or small.








send a scan of the passport/drivers license page, the federal government page with condis signature and the page with the embassy seal

dont mail it for now, I did before I was told not to, and Warka placed it in their vault

[cowpoke]

hi again,

i got my documents back from the embassy and dinar_time says I should just scan them in and email it to warka, but who should I email it to?

Thanks


Just email them to Mr. I.

The problem with this is that the Iraqi Embassy seal is not stamped on to the passport/ 3 signature page, it is on the back of the Secratary of state page which does Mr I no GOOD. He told me to just hang on to it until the market is open, then fedex it to him.

[AAD]

I'm hoping the Embassy letter gets dropped as a requirement - definitely a burden for any investor - big or small.

I hope for that too...

[Sinned]

Just email them to Mr. I.Thanks guys for all your help. Here's my situation: I have opened an account at Warka Bank. Presently, it is unfunded. I just received my approved documents from the Arab American Chamber of Commerce. Can I purchase stocks through Warka with an unfunded account, and, if I can, should I send a pdf file of my required AACC documentaion to Warka and hold onto the hard copy until notified? If funding is required, I can FedEx it off immediately. Also, to purchase stocks, what is the protocol? FedEx information or email and is there a format for doing so? Thanks again.

[AAD]

Thanks guys for all your help. Here's my situation: I have opened an account at Warka Bank. Presently, it is unfunded. I just received my approved documents from the Arab American Chamber of Commerce. Can I purchase stocks through Warka with an unfunded account, and, if I can, should I send a pdf file of my required AACC documentaion to Warka and hold onto the hard copy until notified? If funding is required, I can FedEx it off immediately. Also, to purchase stocks, what is the protocol? FedEx information or email and is there a format for doing so? Thanks again.

Your Warka account needs to be funded first before buying stocks, you can wire funds or FedEx funds I guess. You do not need to send AACC documentation until Warka tells you to...

Please go here for ISX purchasing info/form:

http://www.investorsiraq.com/showpost.php?p=286935&postcount=20

[lance]

This was to easy.
Provide this information and have you're signature notarized. Send it to the Arab American Chamber of Commerce and 155.00 if you want a original copy sent back to you. Then ship it off to Warka. In a hurry send them a post paid addressed Fed Ex envelope and they will send it to Warka from DC. Easy as falling of a log. Don't put alot of mumbo jumbo in front trying to explain what you are doing, they will call you and explain that by stating this crap you have to pay more, seriously. They will however offer to edit the document so it is correct and will cost less. A service I thought was above and beyond the call of duty, but they did it. Just send them documents to be legalized. Then get them to Warka.
To purchase stock and to transfer ownership from the proxy company to the investor’s name the following documentation must be submitted and certified by the Iraqi Embassy or Consulate in your country:

1- ID Card

2- Valid Passport

3- Complete Address, Email and Telephone No.

4- Three Signature Copies. (Notarized)

[TreasureHunter]

This was to easy.
Provide this information and have you're signature notarized. Send it to the Arab American Chamber of Commerce and 155.00 if you want a original copy sent back to you. Then ship it off to Warka. In a hurry send them a post paid addressed Fed Ex envelope and they will send it to Warka from DC. Easy as falling of a log. Don't put alot of mumbo jumbo in front trying to explain what you are doing, they will call you and explain that by stating this crap you have to pay more, seriously. They will however offer to edit the document so it is correct and will cost less. A service I thought was above and beyond the call of duty, but they did it. Just send them documents to be legalized. Then get them to Warka.
To purchase stock and to transfer ownership from the proxy company to the investor’s name the following documentation must be submitted and certified by the Iraqi Embassy or Consulate in your country:

1- ID Card

2- Valid Passport

3- Complete Address, Email and Telephone No.

4- Three Signature Copies. (Notarized)

Why $155? I thought it was supposed to be $98:confused:

Are you planning on having your stock put into a corporation? To do so you have to have a Presence in Iraq???? I seen that it cost $160 for a corporation ot LLC.

[RotaryRevn]

This was to easy.
Provide this information and have you're signature notarized. Send it to the Arab American Chamber of Commerce and 155.00 if you want a original copy sent back to you. Then ship it off to Warka. In a hurry send them a post paid addressed Fed Ex envelope and they will send it to Warka from DC. Easy as falling of a log. Don't put alot of mumbo jumbo in front trying to explain what you are doing, they will call you and explain that by stating this crap you have to pay more, seriously. They will however offer to edit the document so it is correct and will cost less. A service I thought was above and beyond the call of duty, but they did it. Just send them documents to be legalized. Then get them to Warka.
To purchase stock and to transfer ownership from the proxy company to the investor’s name the following documentation must be submitted and certified by the Iraqi Embassy or Consulate in your country:

1- ID Card

2- Valid Passport

3- Complete Address, Email and Telephone No.

4- Three Signature Copies. (Notarized)

Lance, do you know if this will be mandatory once the ISX opens to foreigners or can we chose to leave it in the Proxy? Thanks

[TheDuke]

I know, it's strange.:eek:


Hey CowPoke...hope they are deleting their requirements. Most US and other folks around the world are not going to jump thru these hoops to buy micro-penny stocks :rolleyes:

[cowpoke]

Lance, do you know if this will be mandatory once the ISX opens to foreigners or can we chose to leave it in the Proxy? Thanks

From what I understand, MR I said it was fine unless they were directed by the ISX to do otherwise.


Hey CowPoke...hope they are deleting their requirements. Most US and other folks around the world are not going to jump thru these hoops to buy micro-penny stocks :rolleyes:

I don't think so Duke, New requirements have already been posted and these procedures seem to be the Normal for these types of investments


That seems to be the real question.
Most here are waiting to hear from Mr. I once the ISX opens to foreigners.
I have my paperwork in a Fed Ex package ready to send just in case. Alot others here have already sent or scanned and emailed this documentation to Warka already. Everyone seems to be ON STANDBY !
Anything can happen when dealing with this investment and expect the unexpected ! Good Luck Everyone

Nice Letter from MR I that Bill posted:

In light of the ISX opening to foreigners in early August, I just thought I would share an email from our good friend over at Warka Bank on the proxy issue that had some folks worried. I haven't really draw any conclusions about the meaning and the legality of it all but just wanted to post the response and see if anyone had any comments to make:

"... Please note that we have an officially registered brokerage office which is permitted to provide and handle full brokerage services which we are doing accordingly. Our brokerage office is recognized by the ISX and the share capital of our brokerage office is deposited at the CBI. We are ranked number among our competitors executing the most amounts of orders at the ISX trading sessions.

Furthermore according to the rules and regulation set by the ISX and Company Registration Office our proxy company is permitted to hold shares under its names and the ISX is providing us with the stock certificates. It is important to know that the shares are being held under the name of the proxy company which our bank owns and not under the name of our bank which is in full accordance to the rules and regulations set by the ISX.

Once the FIL will be enacted my ISX department will provide our brokerage office with our investors’ documentation which has been requested by the ISX for transferring stock ownership. They will make the full and need arrangements to ensure that this process is completed swiftly and firmly transferring the stocks to the good names of our foreign investors..."


Thoughts?

WB

[KS Dinarman]

Everyone keeps saying they got an email from MR I.
I sent my first info to him on the 5th July.Got an automated email he was out til 15th. Sent another to make sure he got it with no answer.

I sent D/L copy an a letter asing to open an account and and all my address info email and all. No response, Has it been the norm for this long to get an answer?

[cowpoke]

Everyone keeps saying they got an email from MR I.
I sent my first info to him on the 5th July.Got an automated email he was out til 15th. Sent another to make sure he got it with no answer.

I sent D/L copy an a letter asing to open an account and and all my address info email and all. No response, Has it been the norm for this long to get an answer?

Try it one more time and make sure you send it at around 8:30 or so Baghdad time then give it a few days.
Good Luck, it will happen.:)

[deerslayer69]

I've got a question. Why do I need to get a passport, when I'm not even leaving the U.S.? Also, on the passport application, it asks for the date you are leaving the country, and where you are going. What do I put down, since I am not leaving the country? These questions may have already been answered, but I did not feel like reading through all the pages of this thread to see. Someone please respond with a post, or PM me. Thanks :confused:

[Crow]

I've got a question. Why do I need to get a passport, when I'm not even leaving the U.S.? Also, on the passport application, it asks for the date you are leaving the country, and where you are going. What do I put down, since I am not leaving the country? These questions may have already been answered, but I did not feel like reading through all the pages of this thread to see. Someone please respond with a post, or PM me. Thanks :confused:

Yeah, they just need a passport! If I go to Iraq soon I will be like a big 14 pointer on the first day of buck season!:lmao:

[lance]

I've got a question. Why do I need to get a passport, when I'm not even leaving the U.S.? Also, on the passport application, it asks for the date you are leaving the country, and where you are going. What do I put down, since I am not leaving the country? These questions may have already been answered, but I did not feel like reading through all the pages of this thread to see. Someone please respond with a post, or PM me. Thanks
:confused:
You need to get a passport to legalize the document at the Iraq Embassy so the stocks can be put into you're name. But you already knew that didn't you.
Put down any date you want, you aren't going anywhere.
Passports are used as Identification Worldwide.
I know it bites, I did not want to shell out the bucks for the doc, lucked out and employer paid for the Passport.

[tmorr37]

I've got a question. Why do I need to get a passport, when I'm not even leaving the U.S.? Also, on the passport application, it asks for the date you are leaving the country, and where you are going. What do I put down, since I am not leaving the country? These questions may have already been answered, but I did not feel like reading through all the pages of this thread to see. Someone please respond with a post, or PM me. Thanks :confused:
Just leave that blank
the passport is your proven identity

[calstar]

Keep pumping that info Lance....:)

[abundantwealth8]

I have just emailed all the info to open my Warka account. Will I need the notarized info with my passport in order to buy stocks on the ISX if it is after Aug 2? Also my passport expires on the 31 of this month and I am just about to send it in to get a new one. Can I use it or do I need to wait till the new one arrives? Is it ok to put the stock list in with your fedex package to fund your account?

Thanks:happy64:

[deerslayer69]

Lance, tmorr, thanks for the info.

[Virenque]

How much can I resize my passport and ID copy? I need to do that because one A4 size paper is too small for both real size copys and I don`t want to pay for notarizing and verifying 2 papers.

[Misafost]

Many of the links in this thread are outdated. Is this still the right process? TIA.

[Dinar"Di]

Many of the links in this thread are outdated. Is this still the right process? TIA.

Not even close...to buy stock in the ISX now you should contact Mr. I at Warka for the new requirments...This is what he told me this last week !! Good Luck !

[Luko1234]

When you send your papers to the embassy, it used to 150, I thinck now is 300

[NewIraqiDinar]

Please help my good friend and pal SportsFile with his question below.

Thanks,
NID

[sportsfile]

signed up 2 yrs ago - trying to get my ISX stocks in my good name - warka bank is requesting me to send my original Documents to Iraq . I sent my electronic copies 2ys ago
bank mgr wants me to send them . do I need to? any any one know about this yet?

[RotaryRevn]

signed up 2 yrs ago - trying to get my ISX stocks in my good name - warka bank is requesting me to send my original Documents to Iraq . I sent my electronic copies 2ys ago
bank mgr wants me to send them . do I need to? any any one know about this yet?

Hi sportsfile, first of all, congrats on having a good name, that means you are a warka customer :rofl:. In response to your question, yes, you do need to send the originals. Send them ASAP. There is technically a deadline (I believe 90 days from notarization) but if you send them, they will still accept them.

Once again, congrats on having a good name to put your stocks into :party:.

[aaaack]

Hi sportsfile, first of all, congrats on having a good name, that means you are a warka customer :rofl:. In response to your question, yes, you do need to send the originals. Send them ASAP. There is technically a deadline (I believe 90 days from notarization) but if you send them, they will still accept them.

Once again, congrats on having a good name to put your stocks into :party:.

When you say 'original document' do you mean the AACC certified legal sized piece of paper with a copy of your passport and driver's license, etc just like the instructions say on the 'ISX Requirements' page? Are those instructions still up to date? Thanks for any help.

[4aprofit]

Has anyone figured out how the transition will work when they move our stocks from our proxy that our name is on, over to just our name only..and/or when that will transpire, and/or what all might be involved...as we have all heard some different stories?

[RotaryRevn]

When you say 'original document' do you mean the AACC certified legal sized piece of paper with a copy of your passport and driver's license, etc just like the instructions say on the 'ISX Requirements' page? Are those instructions still up to date? Thanks for any help.

Yes, that's what I'm talking about. Honestly, I cannot answer if the instructions are up to date as it has been a few years since I got in. I have not heard of the requirements changing.

[RotaryRevn]

Has anyone figured out how the transition will work when they move our stocks from our proxy that our name is on, over to just our name only..and/or when that will transpire, and/or what all might be involved...as we have all heard some different stories?


Profitman,

The transition is already happening. I have gotten several of my stocks switched over already. You don't need to do anything, Warka does it all for you. Warka will email you and tell you that the shares are being changed to your good name and they are deducting thier commission and tell you the amount. They email you again with a copy of the Stock Cert in your good name once the transition is complete.

[4aprofit]

Profitman,

The transition is already happening. I have gotten several of my stocks switched over already. You don't need to do anything, Warka does it all for you. Warka will email you and tell you that the shares are being changed to your good name and they are deducting thier commission and tell you the amount. They email you again with a copy of the Stock Cert in your good name once the transition is complete.

Is this when we actually get a certificate...or shareholders documentation, versus an excel spreadsheet like now?

[stevie]

I am finally going to go through this transfer process. Has anyone done this recently and knows the cost for individuals and if there are any changes made since the beginning of thread? I don't want to make any mistakes that will cost me.

[Scott Gonzales]

I am finally going to go through this transfer process. Has anyone done this recently and knows the cost for individuals and if there are any changes made since the beginning of thread? I don't want to make any mistakes that will cost me.

I lost about 10% of my shares transferring from the Warka proxy to Al-Karmal. It was easy to verify what Al-Karmal received when I requested a transfer of all of my shares. now with Al-karmal, I have a certificate number for every share I own, so in the future, I can track down exactly what is mine. All I got from warka after repeated submission of the "excel sheets" they sent me was silence. After a while, I simply gave up. Lesson learned as far as I am concerned.

[jcav]

I still think the ISX people are going to take in the dumper. They have your money and they are thieves. That's all I need to say about that.

[Scott Gonzales]

Very risky investment. I agree with that.

[stevie]

Thanks for the info Scott. I am asking about the process of transferring my stocks to my good name and the cost. So far I have been happy with Warka but they are not a "stock brokerage company". Maybe down the line if I am not satisfied with Warka I will move but now I am afraid to since you lost 10%. Money is tight now so all I want to do is get the paperwork in place to have my shares in my name.

[War Eagle]

Saad M. Bunia is one of the richest men in Iraq,and probably the entire middle east.Why would he risk his,and his family's reputation by "stiffing" investors in Warka Bank.The answer is simple-HE WILL NOT.Go to his web-site Al-Bunia.com,and you will be astonished at what this man's family owns.It will also show you what stocks he owns,and the quantities, in the ISX.This is GOOD ENOUGH for me.

[RoyalBeluga]

Saad M. Bunia is one of the richest men in Iraq,and probably the entire middle east.Why would he risk his,and his family's reputation by "stiffing" investors in Warka Bank.The answer is simple-HE WILL NOT.Go to his web-site Al-Bunia.com,and you will be astonished at what this man's family owns.It will also show you what stocks he owns,and the quantities, in the ISX.This is GOOD ENOUGH for me.

Me too, GO SHOWNEEZ :rock:

[seadesk]

FYI.

For those of you in the U.S. wishing to use the services of the Arab American Chamber of Commerce (Annapolis, MD) in order to expedite Iraqi Embassy certification of documents necessary for ISX trading, note that their address has changed.

Current address, as of 10/28/09:

Arab American Chamber of Commerce
Certification Department
1615 Bayhead Rd.
Annapolis, MD 21409
Attn: Ahmad Miski
Tel: (410) 757-5544 or 1-888-999-5991

[Leroy G]

Thank u all for the information

[aaaack]

Could someone please tell me if I can send the AACC certified documents to Warka's Citibank branch in NY instead of in Iraq?

Thanks

[RoyalBeluga]

Could someone please tell me if I can send the AACC certified documents to Warka's Citibank branch in NY instead of in Iraq?

Thanks

Warka has a branch in NY now? :thinking:

[Albus Dumbledore]

Could someone please tell me if I can send the AACC certified documents to Warka's Citibank branch in NY instead of in Iraq?

Thanks

Why don't you just Fedex them to Iraq??? My documents are traveling there just fine and should arrive on Monday.

[AAD]

Could someone please tell me if I can send the AACC certified documents to Warka's Citibank branch in NY instead of in Iraq?

Thanks

Warka has an account not a branch at CitiBank, you will need to mail your documents directly to Warka's main branch in Iraq...

[bartyb]

Do we still need to have the AACC certified docs to trade in the ISX? And are the shares we buy still in proxy(warka) or issued in our own name? just need some recent info.
Thanks.

[ComingtoDinar]

Is this important or can we just keep everything held in proxy?

[Albus Dumbledore]

all my holdings are in my own name. Is this a good or bad thing?

[AAD]

all my holdings are in my own name. Is this a good or bad thing?

Sounds like a good thing, though I'm still in proxy and no worries here...

[trusty]

Is it okay to fold the legal size document when mailing to Embassy?

Trusty