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INCORPORATION OF IRAQI COMPANIES

One of the most important priorities of Arak’s work is the incorporation of the local Iraqi companies of all kinds (limited, joint-stock, mixed, joint and individual companies) with all kinds of activities and following-up the companies after registration in terms of completion of procedures, minutes and decisions of the Company incorporation and ratification of its Articles of Association, as well as following up the minutes of the Company’s meetings and decisions in the Department of Companies Registrar and submitting the Final Financial Statements to the Companies Registrar Department and the General Commission of Taxes.

Our Company amends the corporate identity, for example, but not limited to, changing the joint liability companies to limited companies or from limited companies to joint stock companies, as well as modifying the Companys activity, for example, changing the Companys activity from trading to contracting activity. We also carry out all legal procedures to increase the Companys capital, to open companiesfiles with the Department of Retirement and Social Security for Workers, to pay contributions allowances for workers, and carry out procedures for including contracts with Social Security at the same department. We give opinion and advice and carry out the legal duties related to the convening of the general and administrative bodies of companies, both ordinary and extraordinary.