Iraq Registers 324 Local Companies, 27 Foreign Branches in June

The Companies Registration Department of Iraq's Ministry of Trade said it has successfully processed the establishment of 324 national companies and registered 27 branches of foreign companies in June.

According to a statement from the Ministry's media office, Director General Rashad Khalaf Hashim reported multiple decisions made during the month related to amending corporate contracts, adjusting capital, and merging and liquidating companies.

The department documented 391 registered companies, reviewed 2210 final accounts for national companies and 51 foreign branches, and took action on 49 mergers and capital adjustments for 185 companies.

Additionally, 706 Iraqi companies and 17 foreign companies were referred to the judicial investigator for regulatory violations.

The department also validated 411 founding meeting minutes for limited companies and 44 minutes for public joint-stock companies, archived 750 company files, and ensured compliance with the blacklisted and sanctioned individuals.