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Iraq

Asia ยท IQ ยท IRQ ยท Republic of Iraq
15.00%
CORP TAX
4.1/10
TRUST
2/5
BANKING
7โ€“30 days
SETUP

TAXATION

Corporate Tax15.00%
Personal Income Tax15.00%
Capital Gains Tax15.00%
VAT / GST0.00%
Withholding Tax15.00%
Territorial TaxationNo
CFC RulesNo
Tax Treaties10
Transfer PricingNo
Tax-Free ZonesYes
Crypto TaxBanned

FORMATION

Govt Registration Fee$500
Annual Renewal Fee$300
CSP Fee (Low)$1, 500
CSP Fee (High)$6, 000
Annual Maint (Low)$1, 000
Annual Maint (High)$4, 000
Timeline7โ€“30 Days
Online RegistrationYes
Min Directors1
Min Shareholders1
Local DirectorNo
Local SecretaryNo

BANKING & COMPLIANCE

Banking Ease2/5
Privacy Index4
Audit RequiredYes
Annual FilingYes
BO RegisterNo
UBO DisclosureYes
FATCA CompliantNo
AEOI ParticipantNo
Correspondent BankingLimited
Crypto RegulationBanned
Digital BankingLimited, But Growing. Some Banks Offer Online And Mobile Banking.

SUITABILITY SCORES

Overall Trust4.1/10
Holding Company2/5
Trading Company3/5
IP Holding1/5
Startup2/5
Crypto1/5
Asset Protection1/5
Top IndustriesPetroleum, Chemicals, Textiles, Construction Materials, Food Processing
Digital Nomad VisaNo
Residency by IncorpNo
Citizenship by InvestNo

incorporator AI Assessment

AUTOMATED ANALYSIS ยท IRAQ
MODERATE

Iraq is a Asia jurisdiction offering low corporate tax at 15% with moderate reputation (trust score: 4.8/10). Company registration typically takes 7โ€“30 days with formation costs ranging from $1500.00 to $6000.00. Banking ease is rated 2/10.

ADVANTAGES
  • +Low corporate tax rate
  • +Tax-free zones available for qualifying businesses
DISADVANTAGES
  • โˆ’Challenging banking environment for foreign companies
  • โˆ’Limited privacy protections โ€” public beneficial ownership registers
  • โˆ’Lengthy registration process
  • โˆ’Limited startup ecosystem and support
BEST FOR
Regional operationsLocal market entry
RISK FACTORS
Difficulty opening and maintaining bank accountsRegulatory changes may affect tax and compliance obligations

AI-GENERATED ASSESSMENT ยท NOT LEGAL OR FINANCIAL ADVICE ยท VERIFY WITH QUALIFIED PROFESSIONALS

ENTITY TYPES

Private Limited Company
Pte Ltd
limited

Most common corporate vehicle for local and foreign entrepreneurs.

Timeline: 5โ€“22d
Compliance: medium
Min shareholders: 1
Min directors: 1
HoldingTradingIPCrypto
LAST UPDATED FEB 22, 2026
Limited Liability Partnership
LLP
limited

Hybrid entity combining partnership flexibility with limited liability.

Timeline: 1โ€“30d
Compliance: low
Min shareholders: 2
Min directors: 2
Trading
LAST UPDATED FEB 22, 2026
Representative Office
RO
parent

Non-trading presence for market research and liaison.

Timeline: 5โ€“19d
Compliance: low
Min shareholders: 1
Min directors: 1
LAST UPDATED FEB 22, 2026

SERVICE PROVIDERS IN IRAQ

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