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Find out moreThis comprehensive guide is designed to help you navigate the intricate landscape of family business and private wealth in the Middle East, where family businesses constitute approximately 60% of GDP and employ 80% of the workforce in the GCC, offering unparalleled opportunities for wealth creation and preservation.
Packed with insights, strategies, and expert advice from our talented lawyers, Legacy provides tailored solutions to the unique challenges of asset protection, succession planning, and dispute resolution in this dynamic region.Read the publication and equip yourself with the knowledge and tools necessary to thrive, whether you’re a seasoned investor, a family business owner, part of the next generation, or a newcomer exploring opportunities in the region.
Read NowWith reference to Article 17 of the Federal General Budget Law for the years 2023, 2024, and 2025, specifically Paragraph Six – A, the Ministry of Trade hereby mandates that all registered companies must utilise the IQ domain. This directive is to be carried out in collaboration with the Communication and Media Commission. Additionally, companies are required to establish postal boxes in conjunction with the General Post and Savings Company.
You are required to visit the Media and Communication Commission to reserve a website domain ending in (.iq), and to approach the General Post and Savings Company to set up a postal box. These actions must be completed within a maximum period of thirty days from the date of this notice. Failure to comply will result in the company not receiving any legal responses.
Please refer to the list of postal offices where these services are available here.
Should your company wish to renew its license or receive specific letters addressed to other departments, the Registrar will only process such requests once the aforementioned instructions are met. The Registrar of Companies (ROC) will send all notifications to the designated postal box.
These changes will be effective from the date of publication on October 5, 2023.
As the leading law firm in the Middle East & North Africa Region and with strong corporate structuring experience across all industry sectors in the region, Al Tamimi & Company is well placed to assist you in assessing the impact of these legal changes on your organisation and assist you in achieving compliance with them in Iraq.
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