• Power Services

  • Services and Areas of Practice

    The main objectives of Basrah OBELISK Law Firm in Iraq are to provide consultations carried out by qualified professional individuals, react promptly and offer immediate observation to the questions raised by the clients, and to work with the most qualified national counterparts in different environments, and deliver comprehensive and regular reports in any and all fields that interest our clients. Basrah OBELISK Law Firm offers a wide range of services in the oil and energy sector such as consultative advice to Iraqi and international clients, inside and outside Iraq. These services cover, but are not limited to, the following fields: Oil, Natural Gas and Power Supplies. This spectrum also encompasses other various legal fields such as negotiating and representation.

    Areas of Practice include:

    1. Joint Venture Agreements
    2. Commercial Law and Contracts
    3. Corporate Law
    4. Real Estate and Property
    5. Transportation, Container Carriage and Multi-modal Transportation
    6. Criminal Law
    7. Processing of necessary licenses for businesses all over Iraq
    8. Commercial Agency Law
    9. Contracts pertinent to the energy field such as oil, etc.
    10. Banking Law.
    11. Shipping, Maritime Law, P&I Clubs.
    12. Labor Law
    13. Taxation and Customs Law
    14. Drafting of various business-related agreements in compliance with the Iraqi law
    15. Licensing
    16. Foreign Investment
    17. Consumer Law
    18. Pension and Social Welfare Law
    19. Familiarity with processes and procedures applicable in the Free Trade Zone in Iraq

    Services and Consultancy:

    1. The scope of our work includes rendering accounting and taxation services in compliance with the business requirements of companies operating in Iraq.
    2. Taxation Consultancy Service
    3. Financial, accounting and auditing services
    4. Social Security Follow-up Service
    5. Procedures for liquidation and delisting of companies

    Financial, accounting and auditing services:

    1. Introduce and check the daily records and the general ledge according to the Unified Accounting System adopted in Iraq
    2. Introducing and checking the Cash Flow and movements of receipt vouchers and bills of exchange
    3. Introducing and auditing local purchase bills
    4. Introducing and checking bank deposits and cheque
    5. Introducing and auditing bank cheque
    6. Introducing and auditing foreign purchases and cost according to the fundamentals of accounting
    7. Introducing and checking sales invoices
    8. Introducing and checking sales invoices
    9. Introducing and checking sales invoices
    10. Introducing and checking sales invoices
    11. Introducing and checking sales invoices
    12. Providing the necessary assistance in the preparation of credit and debit settlements
    13. Providing the necessary assistance in the preparation of credit and debit settlements
    14. Preparing the annual audit balance
    15. The number of annual salary and tax statements of staff schedules

    Social Security Follow-up Service:

    1. Complete all legal procedures with the Labor and Social Security Office for the purpose of companies registration and employees
    2. Provision of monthly assessment of social security contribution at the related office on behalf of the company
    3. Completing procedures related to issuing work permits (for expatriates working in Iraq) from Iraqi Labour Office in compliance to the valid Iraqi Code of Labour.

    Other Services:

    We do also provide advice on different legal aspects to corporate and companies looking forward to conducting business in Iraq. The Firm’s areas of practice, therefore, cover the entirety of our clients’ needs and plans.