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By JLCC
- In Agency
The Investment Authority: Launching the electronic platform for establishing companies within days
Hossam Haiba, CEO of the General Authority for Investment and Free Zones, announced the launch of the electronic platform for establishing companies within a few days. Prestige said, starting next year, dealing with the authority will be electronic to speed up completion and facilitate investors. Regarding residency procedures for foreigners, he said that a maximum […]
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The inadmissibility of nationalizing projects or seizing their funds… Legal guarantees to encourage investment
Law No. 73 of 2017 promulgating the investment law established a number of important guarantees, foremost of which is fair and equitable treatment, the inadmissibility of nationalization of investment projects, and the inadmissibility of seizing, confiscating or freezing the funds of investment projects except based on a judicial order or a final ruling. In this […]
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- In Agency
The Council of Ministers allows the foreign investor to be registered in the Importers Register
The Council of Ministers approved a draft law amending some provisions of Law No. 121 of 1982 regarding the Importers Register, to allow the registration of foreign investors, as part of the state’s efforts to attract foreign investments, within the framework of implementing the decisions issued by the meeting of the Supreme Investment Council chaired […]
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Taxes: Electronic invoices are required to allow import and export starting from July 1
Mukhtar Tawfiq, head of the Egyptian Tax Authority, confirmed that the authority is keen to spread correct tax awareness and explain everything related to the electronic invoice system, especially to exporters and importers, especially after the networking between the databases of the electronic invoice system and the customs system (window), where the Egyptian Tax Authority […]
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“Protection of Competition” reviews the state’s steps in the field of supporting competition policy
Dr. Mahmoud Mumtaz, Chairman of the Board of Directors of the Authority for the Protection of Competition and the Prevention of Monopolistic Practices and President of the Arab Competition Network, reviewed the steps taken by the Egyptian state towards supporting and strengthening competition policies and competitive neutrality, in addition to what has been accomplished by […]
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Member of the Chamber of Engineering: A major development in licensing and inspection facilities for industrial facilities
Engineer Mahmoud Mohsen, a member of the Chamber of Engineering, confirmed that there is a great development in the performance of industrial development and a clear speed in granting licenses and inspections to factories that request renewal of licenses or adding new manufacturing activities, which is a very suitable climate for industrial expansions within the […]
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- In Agency
Industrial development: Payment of operating license follow-up fees, to be every 3 or 5 years
In response to the desire of industrial investors and to facilitate procedures, Eng. Ahmed Samir, Minister of Trade and Industry, issued Resolution 172/2023 with new facilitations for owners of licensed industrial establishments. The decision stipulates that the owner of the industrial facility for which an operating license has been issued by the Public Authority for […]
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Taxes: Online technical workshops for taxpayers who are bound by the salary standardization system
Mukhtar Tawfiq, Head of the Egyptian Tax Authority, announced that the Authority has organized online technical workshops for taxpayers who are bound by the second phase (the second sub-stage) of the system for standardizing the foundations and criteria for calculating wages and salaries tax, which will be implemented as of June 15, 2023, on Wednesday […]
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- In Agency
India and China are at the top of 10 nationalities that obtained a work permit for foreigners in 2021
The data of the Central Agency for Public Mobilization and Statistics revealed the ranking of the 10 most important foreign nationalities that obtained work permits in the private and investment sectors in 2021. The order of nationalities came as follows: India has 1,205 foreign workers, or 9% of the total. China 1085 foreign workers, or […]
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- In Agency
Industrial Development is looking with developers to attract investment and deepen the industry
Engineer Mohamed Abdel Karim, Chairman of the Industrial Development Authority, held a consultative meeting with representatives of the industrial developer companies operating in Egypt with the aim of listening to their proposals and reaching the best perception and consensus on the new generation of industrial developer areas and discussing mechanisms for expanding dependence on the […]
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