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Foreign InvestmentA new Foreign Direct Investment law was passed in September, permitting newly unrestricted ownership of Iraqi companies by foreigners in most sectors of the economy. Foreign ownership is not permitted in oil and mineral production. The retail sector allows 100% foreign ownership, but requires a $100,000 deposit be made with the Ministry of Trade prior to conducting retail trade in Iraq. Foreign capital and expertise are essential for rebuilding the Iraqi economy and generating private sector growth which will provide the jobs and higher incomes sought by all Iraqis. Iraq is actively seeking foreign investment and the CPA is available to assist foreign companies and individuals with technical assistance and contact information. InquiriesCPA - Private Sector Development APO , AE 09335 USA +1 781-280-6388 foreigninvestment@orha.centcom.mil
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