Facilitating foreign investment in Egypt by issuing a new import regulations: A Legal Analysis of Law No. 173 of 2023: In a significant move to bolster economic development and attract foreign investors, the Egyptian government has introduced Law No. 173 of 2023, amending certain provisions of Act No. 121 of 1982 concerning the Importers' Registry. This amendment marks a pivotal shift in the country's investment landscape, removing a major hurdle for foreign companies seeking to engage in...
Water parks and swimming pools are well-liked recreational facilities that offer a refreshing escape from Egypt's scorching temperatures, however, they also present potential safety risks, especially for young children and those who are not proficient swimmers. To safeguard the well-being of its citizens, Egypt has established a set of regulations guidelines, and criteria for the operation of swimming pools. Nonetheless, some facilities operating swimming pools do not follow those set of...
FIDIC is an international professional organization which stands for International Federation of Consulting Engineers. FIDIC develops and publishes standard forms of contracts for use in the construction industry, which are commonly used in international construction projects and are known for their practicality. Read more...
Advertising is a key aspect of any business, as the primary goal of any business is to increase its customer reach, increase sales, demand and gain a competitive advantage. Therefore, advertising plays a vital role in achieving these objectives both aspects involve identifying, predicting, and meeting customer needs. Read more...
Multinational enterprises (MNEs) operating across borders find themselves navigating a complex legal and regulatory landscape. Establishing and managing subsidiaries in diverse jurisdictions presents a multitude of challenges, from ensuring compliance with local laws to maximizing operational efficiency. This is where global subsidiary services come in, offering specialized support in navigating the labyrinthine world of international business. Read more...
The Egyptian government is attempting to enhance market security and the best worldwide commercial practices, as this will aim to attract national and foreign investors, and the political establishment realized that free-market competition is critical and is the key to this strategy. Read more...
The Suez Canal Economic Zone (SCZone), a strategic economic hub in Egypt, offers a plethora of opportunities for businesses seeking to expand their operations and tap into the region's dynamic growth. To establish a project in the SCZone, investors can capitalize on a range of privileges and incentives while exploring diverse industries that align with the zone's strategic focus. Read more...
Telemedicine, the practice of healthcare delivery using telecommunications technology, has revolutionized the way medical services are provided, offering convenience and accessibility to patients worldwide. However, the legal implications of cross-border telemedicine remain complex, particularly in Egypt where telemedicine is still in its nascent stages. Read more...
Redemption of shares, which is the repurchase of a company's own shares from its shareholders, is a complex legal procedure that is governed by specific provisions in the Egyptian Companies Law No. 159 of 1981 (the "Companies Law") and its Executive Regulation No. 96 of 1982. Understanding the intricacies of these provisions is crucial for companies considering redeeming their own shares, as it ensures compliance with applicable laws and safeguards the interests of shareholders and creditors. ...
According to the Capital Market Law No. 95 of the year 1992 any interested party may request access to the authority’s documents, and reports related to the company and to obtain certified data or copies thereof, in exchange for fifty pounds for each document or statement in the event of review, and one hundred pounds for each copy. Read more...
Amendment of Law No. 121 of the year 1982 concerning importers’ record Exception on registering foreign investors in importers’ record in Egypt: Breaking barriers, the Egyptian Government is always seeking to facilitate and improve foreign investment regulations to attract foreign investors and furnish facilitations to the already existing foreign investors. A new law has been issued that is set to mark a significant milestone for foreign investors. After years of anticipation, the doors...
The General Authority for Investment and Free Zones aims at facilitating investment, and therefore the Chairman of the Board of Directors of the Authority issued decree No. 270 of the year 2023. The text of the Decree included dispensing with some of the documents required to be submitted by companies during the filing procedures for the annual General meetings, Board of Directors meetings, Extraordinary Meetings … etc. Article No. (1) of the decree stipulates: “Reducing the number of...
The field of sports has evolved from an amateur activity that aims generally to improve physical health and entertain a limited target audience to a professional industry that attracts increasing capital investment and constitutes a source of living for millions of people on the national and international levels. Therefore, Egypt has issued the Egyptian Sports Law No.71 of the Year 2017. The main goal of Egyptian sports law is to provide work controls to ensure better athletic competition in...
During its plenary session, the House of Representatives, led by Counselor Dr. Hanafi Jabali, accepted a draft law filed by the government to change some articles of the investment law established by Law No. 72 of 2017 by Law No. 160 of 2023. Read more...
The Civil and Commercial Procedures Law is one of the primary laws upon which the Egyptian Judiciary System is based, as it is considered the general procedural legislation that applies to all lawsuits; however, the Egyptian legislator, as the rest of the trends pursued in the world states, tends to the concept of pluralism of procedural laws regulating proceedings inside the Egyptian courts of law, such as the Criminal Procedures Law, Personal Status Law, State Council Law, Economic Courts...
Egypt has become the focus of attention in the recent period, due to the support and development in the investment in Egypt, in all sectors and fields. Investment has been receiving great attention from the state, given that investment is one of the basic elements of the state’s materials. In addition, the President of the Republic always deliberately gives direct confrontations to the competent authorities regarding facilitation of consequences for investors as is evidenced by the issuance...
Commercial litigation in Egypt concerns all legal claims arising from conduct of traders. The Egyptian Commercial Code No. 17 of the year 1999 defines traders in Article 10 as follows: “The following shall be a trader: 1- Whoever exercises by way of profession, in his name or for his own account, a commercial activity. 2- Each firm assumes one of the forms prescribed in the laws concerning the companies, whatever the purpose for which the firm is established”. Read more...