Hire your remote team in Iraq

Name: Hire a remote team in Iraq
Brand: Rivermate
SKU: iraq
Price: 399 EUR
Availability: InStock
Rating: 4.4 (5 reviews)

Only 399 EUR per employee per month

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Hiring a remote team in a country as Iraq comes with a lot of overhead, such as compliance, local laws, taxes, etc. As a company, you don't want to worry about knowing all the local laws. Instead you want to focus on your remote team and the business. Rivermate's Employer of Record (EOR) solution helps companies hire remote employees in Iraq. We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business.

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1. Hire a remote team in Iraq with Rivermate

Payroll, benefits, taxes, and compliance can be difficult to manage in Iraq, particularly if you don't have established local relationships. You can hire employees in Iraq effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global Employer of Record (EOR) solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

Table of contents

Hire a remote team with Rivermate
Introduction
Hiring a remote team in your country
Cost of living
Cost of renting
Major industries
Hiring cost
Employment laws
Top skills
Economic landscape
Market size
Minimum wage
Why choose Rivermate?

2. Introduction

Rivermate is a global employment solutions company that provides Employer of Record services in Iraq.

As an employer of record, we help you hire employees and run payroll services in Iraq, allowing you to avoid the necessity of first establishing a branch office or subsidiary in Iraq.

It is not necessary to establish an entity in order to hire an employee. We can hire your employee in any country with a few mouse clicks. Using our Employer of Record solution, you can have full compliance, benefits, and automated payments.

If you wish to hire a remote team in Iraq or individually hire remote employees in Iraq, Rivermate’s global employer of record services will make sure that the process will be as seamless as possible for you.

Send us a message so we can talk about how Rivermate’s Employer of Record Iraq services can best help your company!

3. Hire a remote team in Iraq

Prior to the 1950s, Iraq's economy was entirely centered on agriculture, but following the 1958 revolution, significant progress occurred in Iraq. Iraq's economy is now dominated by the oil industry, which accounts for 99.7% of foreign currency revenues. The Iraqi economy has been hit by two shocks in the last two years, resulting in a 10.4% drop in GDP in 2020.

While Iraq was mourning the unpredictability of oil prices, the worldwide pandemic took away any remaining hopes. Iraq is the Arab world's second-largest economy after Saudi Arabia; nonetheless, the remnants of pandemics may be seen immediately.

Despite the fact that the economy is heavily reliant on oil exports, other businesses in Iraq are rapidly increasing, resulting in more job possibilities for working-age individuals. However, the economy has seen a quick decline, and the government has projected a rise in employment prospects in light of the present situation.

4. Cost of living in Iraq

Iraq's cost of living is $688, which is 1.36 times less costly than the global average. Iraq rated 122nd out of 197 nations in terms of cost of living and 122nd in terms of quality of life.

In Iraq, the average after-tax wage is $621, which is enough to pay living costs for 0.9 months.

5. Cost of renting in Iraq

Rent in Iraq is 73.40% cheaper than in the United States and 100.17% higher than in India. A three-bedroom apartment outside of the city center will cost $668.97, while a one-bedroom apartment in the city center will cost roughly $369.40. Furthermore, the costs are significantly influenced by your region and style of life.

6. Major industries in Iraq

The first and most important industry in Iraq is the oil sector, which is central to all industrial activity in the country. The principal industries in this category are petroleum refining and chemical and fertilizer manufacture. The secondary industry accounts for around 51% of overall GDP.

Iraq's agricultural industry generates just 3.3% of GDP and employs one-fifth of the working force. Developed countries such as Iraq have grown more technologically sophisticated, resulting in fewer people working in fundamental occupations such as farming, hunting, and fishing.

Despite its abundance of water sources, Iraq's fishing sector is currently limited and mostly focused on marine species in the Persian Gulf.

Iraq's tertiary industry accounts for around 45% of the country's GDP (GDP).

In Iraq, the average connection speed across all devices (laptops, PCs, and mobile phones) is 1.6Mbit. The typical download speed is 1.80 Mbps, while the typical upload speed is 1.95 Mbps.

The Iraqi government is making visible efforts to expand job possibilities and implement flexible work conditions.

7. Hiring cost in Iraq

Due to the Covid-19 epidemic, most businesses have adopted a remote work culture, which eliminates the bother of commuting and allows task completion of recruiting at the lowest possible cost from the comfort of the employer's home.

However, the cost of recruiting must be considered when onboarding any individual. It is heavily influenced by elements such as the cost of living in the city, total spending, and training costs.

Tutors, entry-level computer occupations, customer service, sales, data entry, translations, content writing, web development, and many more areas benefit from remote working.

8. Employment laws Iraq

The employer must provide the employee with an employment contract. Written contracts are more frequent than oral contracts, especially for office occupations.

The contract must contain all relevant information about the personnel and the task.

A female employee is entitled to at least 14 weeks of paid maternity leave every year.

In Iraq, the minimum salary is IQD 350,000, or $293.29. No employee should be paid less than the bare minimum.

Working hours per day should not exceed eight hours per day or 48 hours per week.

After one year of employment, employees are entitled to 21 days of paid leave in a year.

In Iraq, the private sector retirement age is 60 for males and 55 for women.

9. Top skills Iraq

With the shifting dynamics of Iraq's economy, the government has created many employment possibilities for both ambitious newcomers and seasoned businesses. Depending on the major profession in the city, various cities recruit a distinct set of abilities.

Major Industries Hiring In Iraq Include:

- Oil industry

- Chemical industry

- Technological industry

- Transport

- Telecommunication

- Machine building

- Tourism

- Petroleum industry

- Food processing

After overcoming several hurdles, Baghdad has once again emerged as the country's premier tourism attraction. With its huge colleges and most successful football clubs, the city provides the greatest opportunity in the following fields:

- Education

- Tourism

- Management

- Sports

- Entertainment

- Digital marketing

- Production

Mosul, another important Iraqi city, is particularly active in the manufacturing and industrial sectors. The city is home to various headquarters that provide respectable employment to the city's working-age population.

Erbil, on the other hand, is a tourist destination. The tourist sector provides the majority of the available employment in this area. Furthermore, the oil and agricultural industries dominate the region's economy.

Karbala's economy is divided into two segments. The agriculture industry employs the majority of Karbala's inhabitants, followed by the tourist sector. Karbala's agricultural enterprise cultivates fruits, vegetables, and orchard products.

10. Economic landscape in Iraq

Despite the fact that the Iraqi economy shrank by 10.4% in 2020 as a result of the global shutdown and the breach of oil prices, a rise of 2% in 2021 and 8.4% in 2022 is predicted to reverse the slow drop.

11. Market size in Iraq

Iraq's market size is large enough to offer adequate job possibilities for the country's working-age population. There are chances to create a good living in industries like as agriculture, fishing, transportation, energy, tourism, and notably the oil business. However, all industrial operations are inextricably linked to the oil sector, which accounts for 99.7% of all foreign currency revenues in recent times.

12. Minimum wage in Iraq

The country's minimum wage is currently 350,000 Iraqi dinars (IQD) per month.

13.Why choose Rivermate to hire your remote team in Iraq?

Establishing an entity in Iraq to hire a team takes time, money, and effort. The labor law in Iraq has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into Iraq simple and effortless. We can assist you with hiring your preferred talent, managing HR and payroll, and ensuring compliance with local legislation without the hassle of establishing a foreign branch office or subsidiary. Our PEO and Global Employer of Record (EOR) solutions in Iraq give you peace of mind so you can focus on running your business. Please contact us if you'd like to learn more about how Rivermate can help you hire employees in Iraq via our Employer of Record (EOR) / PEO solution.