Economy News – Baghdad
The Prime Minister’s Advisor, Mazhar Mohammed Saleh, revealed on Sunday the importance of the single window for registering companies, while pointing out that there are 7 exceptional features, including reducing time from weeks to minutes.
Saleh said in a statement, reported by the official news agency, and seen by “Economy News”, that “the establishment of a unified electronic system for registering companies is an important step to support commercial movement and stimulate investment in Iraq, as it not only contributes to facilitating procedures, but also enhances the efficiency of business, and generates a strong economic environment that is more developed and innovative surrounded by many fundamental causes and factors, foremost of which is: speeding up procedures and reducing routine.”
He pointed out that “this digital system saves the time spent in registering companies, which used to take weeks or several months and convert them into hours or minutes, allowing entrepreneurs and investors to start their business quickly without the need to move between several government entities.”
He added that “this system reduces the operational and administrative cost, as it also contributes to reducing dependence on paper transactions, and thus reducing costs for investors; and avoiding a lot of wages associated with paper documents, transportation and other additional expenses.”
Saleh pointed out that “the digital system enhances the subject of research to the degree of transparency and superiorly, as the electronic registration system for companies is an important part of the philosophy of the government program in digital transformation and e-governance, because of the high credibility it provides,
as the aforementioned electronic system allows immediate verification of data and reduces the chances of manipulation or errors, which enhances trust between investors and government entities, to end up improving the business environment, which is one of the most important criteria adopted by the World Bank for emerging economies in this regard and attractive to investment and enhances competitiveness.”
He continued, “The electronic system achieves a high degree of interconnection and network integration between the relevant authorities in a digital form, such as the General Tax Authority, investment authorities in the governorates, and banks, in addition to the registrar of companies itself, with the competent departments of the Ministry of Commerce, and with high speed, accuracy and effectiveness, which helps to make the right investment and productive decisions.”
He added that he “contributes to supporting entrepreneurship and small enterprises, as it encourages the removal of bureaucratic obstacles facing start-up entrepreneurs, which contributes to increasing the number of small and medium-sized enterprises, which are the backbone and main pillar of the national economy within the strategy and applications of the government program and in line with the comprehensive national development plan 2024-2028.”
No comments:
Post a Comment