Iraqi Bank Accounts For Foreign Companies

Opening a Bank Account

1. A letter issued by the foreign company addressed to the bank requesting the opening of a checking account signed by the managing director of the company
2. Original (or certified copy) of the license to establish a branch or office of the company in Iraq issued by the Department of Registration of Iraqi companies (The branch shall obtain the validity of issuing the license)
3. Papers and documents of the foreign company in the country concerned issued by the competent authority and certified by the Iraqi Embassy in that country and the Iraqi Ministry of Foreign Affairs
4. A copy of the powers of the managing director of the foreign company and notes whether he has the power to open bank checking accounts
5. A copy of personal identifiers of people authorized to operate the account, whether they are Iraqis or foreigners
6. A copy of the budget of the last two financial years of the foreign company
7. Acting representative of the company in Iraq certified by the tax Directorate and the Iraqi Ministry of Foreign Affairs
8. Company's seal in arabic and english
9. Confirmation of residency of companies branch from the municipal council
10. Company's tax ID number
11. Original and photo copies of all papers