Parliamentary Economy: We are working to amend the legal agencies and commercial companies

Since 12.19.2015 at 12:04 (GMT Baghdad)

Special - scales News

He stressed the economic and investment commission in Parliament member Ahmed Kanani, Saturday, that the Commission will work to amend the registration of the Companies Act, stressing the need for companies to register the names of Iraqis or owner exclusively Iraqi shares (51%).

He said Kanani's / scales News /, said that "the economic and investment commission in Parliament is currently working on a law amending the commercial agencies belonging to the Ministry of Trade Act, and amend the registration of the Companies Act," pointing out that "these laws have a direct contact with the citizens and the private sector to raise the economic level." .

He added, "The committee does not want to rely on oil to balance basis as a source, but you want to be the evolution of economic activity and commercial agencies in the country," adding that "it is necessary that the commercial agent of the company Iraqi be exclusively and may not be of any other nationality."

He pointed out that "commercial agent for Samsonk in Iraq foreigner, while may not be accompanied by a foreign company," stressing "the need to be the owner of the company Iraqi exclusively or owner of the company Iraqi shares of 51% and shared foreign shares of 49%," explaining that " Iraqi citizen can not take the agency in any other country, so we are working to give Iraqi companies value against other companies and thus benefit the Iraqis, "./ ended 29 n / 10


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