Incentives in Baghdad
CityCalc Insight
Iraq offers one of the world's largest oil reserves alongside a major reconstruction need. Entry is typically via Erbil (Kurdistan Region) — the KRG investment framework is more accessible and predictable for international firms than federal Iraq.
OPEC ReservesAmong the largest globallyindicative
Corporate Tax15%indicative
Investment ExemptionUp to 10 years (qualifying)indicative
KRG AlternativeSeparate investment lawindicative
OPEC Reserves RankAmong the largest globallyindicative
| Investment Law | National Investment Law No. 13 (2006, amended) — 100% foreign ownership and 10-year tax exemptions for qualifying investments |
|---|---|
| KRG Benefits | Kurdistan Regional Government has its own investment law — often more accessible for international firms |
| Arbitration | International arbitration (ICSID / ICC) essential in all contracts |
| Corporate Income Tax | 15% standard; 35% oil and gas Source: PwC Worldwide Tax Summaries |
| VAT | No standard VAT; selective sales taxes Source: PwC Worldwide Tax Summaries |
| Recent Tax Developments | The Kurdistan Region (Erbil) administers some taxes separately. Data reliability is moderate — confirm at source before pitch-critical use. Source: PwC Worldwide Tax Summaries |