FOREIGN INVESTMENT IN ERBİL
The regional Investment Law has provided an encouraging ground for investment activities in the region by offering incentives to investors. According to the law, the government provides plots of land needed for investment projects free of charge. Additionally investors are not taxed for a period of 10 years and there is no custom for 5 years; that is, they can have 100% of their earnings.
Investment projects already licensed by the Region Investment Board are valued at $16 billion USD and are all private-sector projects. The projects are distributed among the three provinces of Erbil, Sulaimaniya, and Duhok that have 8 million population together.
The Investment Law doesn't discriminate between local and foreign investors as an attempt to encourage foreign investors to invest their capital in the region.
First day, there will be a meeting with Iraq Ministry of Investment for foreign investors and a visit for the project lands.
In the evening of the first day there will be also a protocol dinner with the minister at a 5stars hotel.
On the second day of the exhibition there will be sectoral meetings for the businessmen of all countries with the ministers of the sectors.
-There is no custom for the transportation of the exhibition products. The custom rate is only %5. But for the agriculture, food and stationery sector, there isn't custom rate, it is free.
-On 27th April, there will be a protocol lunch and express conference with bussinesmen and ministers in Erbil.
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