ملاحظات نقدية حول قانون الاستثمار في إقليم كوردستان-العراق رقم 4 لسنة 2006 : دراسة تحليلية نقدية

Abstract EN

It is important to study the texts of the 2006 investment law No.

4 in the Kurdistan Region of Iraq because the investor's capital as a natural or legal person plays an important role in economic activity in both public and private sectors.

The Law has an important role in advancing economic development and expanding the investment foundation in the region.

This law reflects a fundamental shift that transfers these investments from the area of doubt and caution to the area of encouragement and welcome.

The privileges and guarantees mentioned in the investment law contribute to creating a stable and encouraging investment climate.

However, it should be noted that the incentives, benefits and exemptions prescribed in the law are supposed to agree with a long-term economic plan.

The law should also take into consideration the balance between the long-term interest of the national economy and the interest of the investor and not the preference of the interests of the latter at the expense of the national economy.

Moreover, the general wording and lack of accuracy in some issues has made the foreign investor to hesitate whether to invest his capital in the region.

This is because he has only received modest rates of foreign investment.

Despite providing concessions, guarantees and incentives, the law will not be able to achieve its goals if the security conditions do not improve in the region and Iraq.

Having said that recently security conditions has improved and investments has enhanced gradually.

However.

The law required the proposed amendment as the current law does not contain scientific and practical problems and deficiencies that could reflect negatively on the future of foreign investment in the Kurdistan Region of Iraq.