CPA reforms company law

12 March 2004
The Coalition Provisional Authority (CPA) on 7 March issued Order 64, which limits the state's ability to interfere in the operation of private companies. The statute updates the existing Company Law no 21 enacted in 1997, which gave the former government of Saddam Hussein sweeping powers.

The order also simplifies the procedure for company registration and affirms legislation set out in CPA Order 39, which allows foreign investors to own shares in Iraqi companies. Foreign investors operating in Iraq not as official coalition contractors or subcontractors have until 1 June to register a legal local subsidiary.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications