How to Invest in Iraq's Stock Market & How to Invest in Iraqi Oil
The Iraq Stock Exchange is a centralized market where securities (stocks and bonds) are bought and sold. Its primary function is to facilitate the transfer of these assets between buyers and sellers.
Rabee Securities is one way to get involved with the Iraqi Stock Market. However, the minimum investment may be high.
Another possible alternative for lower cost of initial investment is Interactive Brokers. The company is a member NYSE - FINRA - SIPC and regulated by the US Securities and Exchange Commission and the Commodity Futures Trading Commission, with headquarters in the U.S. (Note: The channel was not able to find information for Iraq - however, the company supports stock markets in the Middle East)
Foreigners have opportunities to invest in the Iraqi Stock Exchange, but there are some things to consider:
Direct Investment: Iraqi law allows foreign investors to trade stocks and bonds listed on the ISE. You can buy and sell securities directly through a licensed Iraqi brokerage firm.
Registration: You likely won't need to register a business in Iraq to invest in the stock market. However, you'll want to choose a reputable Iraqi brokerage firm to handle your transactions.
Tax Benefits: The Iraqi Investment Law offers tax incentives for foreign investors. Depending on the specifics, you might qualify for tax exemptions on your investment profits.
Here are some resources to learn more:
- U.S. Department of State State Department: https://www.state.gov/reports/
2022-investment-climate- statements/iraq/) This report details foreign investment regulations in Iraq, including those for the stock market.
- Iraqi Embassy in Washington D.C. Iraqi Embassy: https://www.iraqiembassy.us/
page/consular-section- washington-dc This website provides information on investing in Iraq, including the Investor Guide 2023.
- Iraq's Securities Commission: https://www.isc.gov.iq/index.php?lang=en
Important to Remember:
- The Iraqi market is still developing, so higher risks may be involved than in some established markets.
- Consider consulting with a financial advisor experienced in emerging markets before investing.
Check out these three videos to learn more about the Iraqi ISX Stock Market:
How to Invest in Iraqi Oil
