Iraqi Stock Exchange

[michwlv]

No problem with the question.

As of now foreigners CANNOT invest in the Iraqi Stock Exchange.

However, the stock exchange is scheduled to open in April of 2007 to foreign investors.

This board is being setup to try and educate investors about the various stocks in Iraq and keep them up-to-date on their movements until the market opens.

There is one loophole for getting into the market. That is to setup an Iraqi Corporation and have that Corporation invest in the market. But you must have an Attorney in Iraq to set up the corp. and an Iraqi national must own at least 5%.

But with the market scheduled to open soon...I don't think I'd go to this expense or trouble. I would just watch the market and try to get information on the stocks prior to purchasing.