The Legal Needs Of Investment Companies , 1 FEB

 The Legal Needs Of Investment Companies 

 
Economic 28/01/2025    Nebras Aziz   In light of the global economic growth, the  economy has turned into the corner of building and developing society and   turning the economy into the primary and unitary factor in the development of societies and countries, economic progress and the development of development rates has become the legal environment for the basics to make foreign investments supportive to achieving sustainable development.
 
The pursuit of providing the difficult foreign currency to develop giant and important economic projects to strengthen the competition to attract foreign investments and make them among the priorities of many countries, as
 
attracting these investments contribute to improving economic growth, providing job opportunities, and enhancing the technical capabilities of the state.
 
One of the most important factors affecting the attracting foreign investment is the provision of an appropriate legal environment that meets the needs of these companies, as
 
laws and policies that are in line with the global market requirements contribute to enhancing confidence among foreign investors, whether by direct investment or indirect investment of foreign capital.
 
The creation and development of incentives of a legal nature has become one of the most important requirements of states and the policy of governments, including the Iraqi government that seeks to encourage foreign investment for foreign companies, as
 
it is an urgent need when entering a new market to a clear understanding of the legal environment in this country, starting with commercial regulations and tax laws, To the intellectual rights and protecting the rights of investors.
 
The study of legal needs contributes to facilitating commercial processes and reducing the legal risks that companies may face, and perhaps the Iraqi legislator in the influential Iraqi investment law has among many provisions that represent an incentive for foreign companies to enter the Iraqi investment market and seek to encourage this investment, and
 
despite this, Iraqi legislation remains It needs to be reviewed and updated in the light of the amendment and change in the nature of the investment and economic activities characterized by development and progress for its association with a factor of moving and permanent development, which is the economic factor.  

The most prominent legal needs of foreign companies are to focus on encouraging foreign direct investment and allowing the foreign investor to manage the investment project directly and not to interfere in his management style for him on the one hand and granting the decision of the Investment Authority to grant the investment leave the absolute legal argument on all administrative and financial bodies.
 
In the end, the legal environment is a fundamental element in attracting foreign investments, and
 
for this, it is necessary for countries to study and meet the needs of foreign companies by setting a legal framework that encourages companies to invest, and supports the continuity of these investments.    
  
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