A government advisor reveals an electronic system that will transform company registration from weeks to minutes.. 23 MARCH

  A government advisor reveals an electronic system that will transform company registration from weeks to minutes.

3/23/2025 - Baghdad 

On Sunday, the Prime Minister's advisor, Mazhar Mohammed Saleh, revealed the importance of a single window for company registration, noting seven exceptional advantages, including reducing the time required to register companies from weeks to minutes. 

"Establishing a unified electronic system for company registration is an important step to support commercial activity and stimulate investment in Iraq," Saleh said in a statement reported by the official news agency and seen by Al-Eqtisad News. "It not only facilitates procedures but also enhances business efficiency and creates a strong, more advanced and innovative economic environment, driven by several fundamental factors, most notably: accelerating procedures and reducing red tape."

He pointed out that "this digital system reduces the time required to register companies, which used to take weeks or months, and turns it into hours or minutes, allowing entrepreneurs and investors to quickly start their businesses without having to travel between multiple government agencies."

He added that "this system reduces operational and administrative costs, as it also contributes to reducing reliance on paper transactions, thus reducing costs for investors; avoiding many fees associated with paper documents, transportation, and other additional expenses."

Saleh explained that "the digital system enhances the research topic to a high degree of transparency, as the electronic company registration system is an important part of the government's philosophy of digital transformation and e-governance, due to its high credibility. 

The aforementioned electronic system enables immediate verification of data and reduces the chances of manipulation or errors, which enhances trust between investors and government agencies, ultimately improving the business environment. It is one of the most important standards adopted by the World Bank for emerging economies in this regard, as it attracts investment and enhances competitiveness."

He continued, "The electronic system achieves a high degree of connectivity and network integration between relevant entities digitally, such as the General Tax Authority, investment authorities in the governorates, banks, in addition to the company registrar itself, with the relevant departments of the Ministry of Commerce, with extreme speed, accuracy, and high efficiency, which helps in making the right investment and production decisions."

He added, "It contributes to supporting entrepreneurship and small projects, as it encourages the removal of bureaucratic obstacles facing emerging business owners, which contributes to increasing the number of small and medium-sized enterprises, which constitute the backbone and main pillar of the national economy within the government program's strategy and its applications, and are in line with the comprehensive national development plan 2024-2028."  LINK