Regulatory Alerts2022-11-27
Iraq Company Law No. 21 of 1997
The Republic of Iraq enacted Company Law No. 21 of 1997 to regulate the formation, operation, and dissolution of mixed and private companies while protecting creditors and shareholders. The statute defines various corporate structures, including joint-stock, limited liability, and sole owner enterprises, and establishes minimum capital requirements and membership rules. It further mandates specific procedures for company establishment, capital division, and public subscription to ensure transparency and legal compliance.
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