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The New Rules of Technology
This edition of Law Update looks at how technology is changing the legal questions businesses are facing across the region. From AI and deepfakes to cyber incidents, cloud services, data protection and digital assets, our lawyers examine where the risks are emerging and how regulators are responding.
The edition also brings together recent legislative developments and significant court decisions from across the UAE and Saudi Arabia, with a closer look at what they mean in practice for businesses operating in the region.
With reference to Article 17 of the Federal General Budget Law for the years 2023, 2024, and 2025, specifically Paragraph Six – A, the Ministry of Trade hereby mandates that all registered companies must utilise the IQ domain. This directive is to be carried out in collaboration with the Communication and Media Commission. Additionally, companies are required to establish postal boxes in conjunction with the General Post and Savings Company.
You are required to visit the Media and Communication Commission to reserve a website domain ending in (.iq), and to approach the General Post and Savings Company to set up a postal box. These actions must be completed within a maximum period of thirty days from the date of this notice. Failure to comply will result in the company not receiving any legal responses.
Please refer to the list of postal offices where these services are available here.
Should your company wish to renew its license or receive specific letters addressed to other departments, the Registrar will only process such requests once the aforementioned instructions are met. The Registrar of Companies (ROC) will send all notifications to the designated postal box.
These changes will be effective from the date of publication on October 5, 2023.
As the leading law firm in the Middle East & North Africa Region and with strong corporate structuring experience across all industry sectors in the region, Al Tamimi & Company is well placed to assist you in assessing the impact of these legal changes on your organisation and assist you in achieving compliance with them in Iraq.
To learn more about our services and get the latest legal insights from across the Middle East and North Africa region, click on the link below.