One-Stop-Shop (OSS) the platform for investors February 2018

Agenda The Role of the National Investment Committee The One-Stop-Shop (OSS) – the platform for investors The Scope of work of the OSS

NIC, the Destination for Investors The primary role of the NIC is laying out Iraq national investment policy to ensure equal treatment, transparency and certainty for domestic and foreign investors The promotion of Iraq’s high potential sectors to attract foreign investment and connect domestic invertors with the global market Ensure a conducive business environment following international best practice Investment facilitation throughout different project stages: entry, establishment, retention, and expansion Provision of investors guarantees and incentives Simplification of business process and coordination with investment related authorities NIC has developed the first Iraq “Investor Guide 2017.

The OSS: Key Functions Facilitate the process of business licensing; Pre & Post Establishment Offer technical advice and information to Investors Publish information for investors to ensure transparency Effective follow up to improve the quality and timeliness of government procedures.

The OSS: Scope of Work The OSS is the investor First Point Of Contact and Gateway to Iraq The organization comprises representatives from related authorities to ensure timely and effective facilitation.

The OSS: Main Activities Pre-establishment investment licenses: Investment Law no 13 requires investors to obtain investment licenses from the NIC or related regional commission Investors should be informed of the decision within 45 days from submission date Post-licensing investment support: The OSS supports services such as; sponsoring expatriate workers, and registering the project at related government entity/s.

The OSS: Scope of Work Streamline the investment processes and applying legislations to improve the service quality in registration, land allocation, issuance of permits, and licensing Process investment applications in an accessible single window Provide investors with pre and post-establishment assistance in areas related to legal, technical, government and tax exemption services Provision of information to support the investor identify local supply chains and partners, importation of industrial inputs and equipment, and ways for profit repatriation.

The OSS: Institutional Setup The representative entities in OSS are responsible for the following tasks: Performing services of their entities that are related to business licensing Endorsement of any required document or contract related to the affairs of the entity or authority Receiving and reviewing investor's applications, requests, and related documents Identify fees required for investment services Forward those requests to relevant entities and conduct accurate follow up.

The OSS: Dispute Resolution In case of disagreement between NIC and relevant authorities throughout the licensing process, the Prime Minister is to make the decision. The investor is granted the right to complain to the NIC chairman in the case of denial of the investment license within the allowed timeframe (15 days).