Restored archive. The original History Commons is no longer online; this is a read-only edition of its timelines. Content is licensed CC BY-NC-SA.

July 4, 2006: New Law in Iraq Encourages Foreign Investment

2006-07-04

Adnan Rasha al-Mufti, president of the Kurdistan National Assembly of Iraq, signs a new investment law into effect with the aim of “promoting investment” and “removing legal obstacles” to investing in the Kurdistan region of Iraq. The law seeks to create an investment climate that gives equal treatment to foreign and national investors. Among other reforms, the legislation creates new tax exemptions and establishes greater protection of property rights. [Kurdistan National Assembly, 7/4/2006]