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Find out moreThis Edition of Law Update, From Africa to Asia: Legal Narratives of Change and Continuity, takes you on a journey through dynamic markets.
Africa is undergoing a tech-driven transformation, overcoming regulatory challenges while its startup ecosystem thrives. India’s legal framework is evolving rapidly, keeping pace with its expanding economy and diverse business environment.
We also dive into China’s regulatory shifts, particularly how they are shaping investments in the MENA region, and explore Korea’s innovative global partnerships, which are driving advancements in industries across the UAE and beyond.
Read NowWith 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.