Procedures of Legal Protection for Foreign Investments

Abstract

The definition of investment based on a legal and economic vision is transferring the foreign capitals and advanced technical and administrative techniques to contribute to the development of the host country through nascent companies by engaging the national capital. Through the availability of legal protections that encourage the arrival of a foreign investor to participate in the economic development for that host country . In order for such country passing through transitional stage to go forward toward setting its economy free from its dependence on public sector and to privatize it to increase investor confidence. As stated in the valid Iraqi Investment Law No. (13) for the year 2006 which grants projects that have an investment license (such as guarantees, concessions and exemptions from taxes and fees) additional facilities in a way that enhances the competitive capabilities for those investment projects.