On September 13, Jonathan Ortmans, president of the Global Entrepreneurship Network, joined representatives from the Iraqi Government, U.S. Department of State and the United Nations Conference on Trade and Development (UNCTAD) in launching a new platform allowing Iraqi citizens to create a company entirely online.
The platform resides on the Iraqi Ministry of Trade website and is the latest offering from the Global Enterprise Registration program designed to support nations by helping them increase the number of entrepreneurs formally registering their businesses by simplifying and streamlining administrative procedures on a global scale.
With this new ‘single window’, Iraqis now need only complete one registration form, make one payment when registering a business with their nation’s business registry and can handle ongoing needs like protecting a business name, obtaining a tax and social security number and much more.
“Taking a process that took dozens of separate steps and multiple in person visits and streamlining them into an entirely contactless registration, regulation and reporting portal is vital in both incentivizing more citizens to start companies and earning the confidence of investors,” said Ortmans. “This global pandemic has underscored the importance of both contactless transaction technology as well as of enabling entrepreneurship in building back lost jobs and economic growth. This new platform serves both of these important government objectives.”
The effort was made possible through a partnership between GEN, the Iraqi Federation of Chambers of Commerce, Baghdad Chamber of Commerce, UNCTAD, the US Embassy and the General Secretariat of the Council of Ministers (COMSEC) which hosted the launch event in Baghdad in cooperation with the Ministry of Trade “to improve the environment of business performance and investment in Iraq.”
Dr. Torhan Al Mufti, representative of the Secretary-General of the Council of Ministers, thanked the partners and COMSEC’s Committee on Facilitation, Committee on e-government and the COMSEC IT team for remaining vigilant to implementing Resolution 245 which calls for improving the business environment in Iraq by simplifying government procedures and services.