Any company would like to open a bank account at one of the Governmental Commercial Banks is eligible to open an account and obtain cheque books in order to deposit or withdraw funds.
Any individual is eligible to open a personal account at one of the Governmental Commercial Banks and can obtain cheque books in order to deposit or withdraw funds.
Every piece of equipment used daily for production in factories and companies, such as agricultural and professional equipment, must be certified by a registrar, which records the name of the equipment, type and how to use a unique number, this is used as an identity card for the equipment.
Documents issued in a foreign country which will be used in the Kurdistan Region, such as powers of attorney, university certificates, birth, death and marriages records, must be “authenticated” or “legalized” before they can be recognized as valid in the Kurdistan Region.
All documents issued from outside the Kurdistan Region and brought to the Kurdistan Region for use must be verified and approved by the Ministry of Justice in order to acquire legal status.
Limited power of attorney (LPoA) is a legal authorization that gives a designated person, termed the agent or attorney-in-fact, limited power to act for another person, known as the principal.