Coming soon ... Discuss (single window) and banking facilities in the investment law

2012-07-04



Baghdad/JD/... Economic and Investment Committee revealed parliamentary meeting soon to discuss the three points to modify the investment law in the interests of the investor and the national interest.

She is a member of the Committee and Attorney for the Iraqi list of Nora albegari/JD/Working Committee meeting to discuss three important points in the interests of the investor and the country by modifying the investment code.

Albegari said: "the first point for discussion by the Commission's theme (single window) that facilitate the achievement of its investor within hours after capture by one as in the Kurdistan region and Egypt.".

Albegari said "the second point, banking facilities, in addition to finding Bank receives large amounts that are used by the investor". ":

The third point will be discussed by the meeting, the issue of land suitable for investment in order to work on them without hindering his work.".

The MP stressed the Iraqi list, "we want new mechanism to amend paragraphs task correctly in the investment law.".

The Parliamentary Committee on the economy and investment announced days before the coming of the set of recommendations or decisions to amend Iraqi investment law ...

Albegari said that "the Committee reached with investment entity and the private sector to set recommendations or decisions to amend Iraqi investment law.".

She noted that the Committee would hold another conference in the coming period to access the results lead to the development of the basic frameworks for Iraqi investment law ...

MP provided the Agency/JD/set of specific recommendations by twelve decision ...

First ... "Adoption by Parliament Speaker Osama's Secretary of State for the House purely religion NET, national investment Commission Chairman Sami Al-araji, as working paper distributed to conferences. ".

The second recommendation stated "the need to amend or repeal some of the paragraphs of the laws and decisions relating to investment and commissioned National Investment Commission in coordination with provincial bodies to submit those amendments to legislative methods window.".

The third recommendation stressed the need for "land owners by providing land suitable for setting up investment projects, delivered to the investor in a period not to exceed 30 days from the date of granting holidays free of concerns".

The fourth recommendation called for "the speedy granting of powers to the delegates of ministries in decision-making on projects concerning sectoral approval.".

The fifth recommendation entrusted the national investment Commission commissioned the preparation of studies about modifying the investment law No. (13) of 2006 amended by coordination with provincial investment bodies in accordance with the applicable legislative methods. ".

Recommendation VI called for the need to "establish clear criteria for differentiation in the granting of investment opportunities between investors and stay away from mediation and nepotism".

The seventh recommendation committed "to emphasize National Commission for investment and investment bodies in the provinces that have investment opportunities in the light of economic sectors and the provision of appropriate land.".

According to recommendation 8, the claim: "mechanisms for activating the role of banks in investment promotion through soft loans.".

Its called the ninth recommendation to facilitate procedures for granting visa to the investor and experts, engineers and manpower needed for the investor ".

The Committee noted in its recommendation 10 to "activate the articles mentioned in the investment law No. 13 of 2006 amended the Decree and investor exemptions from taxes.".

The Committee requested in recommendation 11 to set up a Joint Committee of members of the Economic Committee and the representative of the State Secretariat for the House of representatives and the National Commission for investment and private sector organizations to follow up the implementation of the decisions of the Conference. ".

In recommendation XII: why "heads of investment agencies in the provinces to report during the national investment Commission (every three months) to the Committee on the economy and investment projects that indicating gave leave investment projects which is in progress and projects with reasons for the slower the reluctant with the amounts and dates of the leave and the introduction of". /finished/11 n