Assuming there is an investment project owned by someone benefiting from tax privileges granted by the state to encourage investment in Iraq for a duration of 10 years. If you decide to purchase this project in its second year, ownership of the project will transfer to you, along with the continuation of these privileges and exemptions for the remaining period (the remaining eight years), provided that you adhere to all obligations and conditions imposed on the original investor. These conditions stipulate the continuation of operations in the specified project activity from its inception.
Article 23 of the Investment Law No. 13 of 2006.
