page-banner-img

Investment in Egypt

post-photo
10 Nov 2020

Egypt Regulation: KYC compliance

Know your Customer (KYC) is a principle that states that “Every bank or broker-dealer shall use reasonable diligence, in regard to the opening and maintenance of every account, to know (and retain) the essential facts concerning every customer and concerning the authority of each person acting on behalf of such customer.”[1] This principle is used to avoid fraud and ambiguity. Read more...

post-photo
21 Sep 2020

Egypt: The Rule of No-Fault Liability

In general, each person has a liability for his own acts. If any individual commits a fault, he is liable for it as a consequence of this harmful act or fault and this is called the Rule of Strict Liability. Read more...

post-photo
1 Sep 2020

Trial Proceedings in Criminal Cases before Egyptian Courts

Trial proceedings in criminal cases before the Egyptian courts are regulated by the Criminal Procedure Law No. 150 of 1950 and the amendments thereof. Before introducing these proceedings, criminal case and crime in brief are: Read more...

post-photo
19 Aug 2020

Egypt: New Law regarding the development of Medium, Small and Micro Enterprises

As part of the state’s efforts to encourage the Egyptian economy, the Egyptian President issued Law No. 152 of the year 2020 regarding the development of the medium, small, and micro-enterprises. Read more...

post-photo
21 Jul 2020

Between Force Majeure and Hardship, where does Covid-19 stand?

Following rapid spread of the novel coronavirus “Covid-19” that was first reported in the province of Wuhan, China in December, 2019, on 11th of March 2020, the World Health Organization declared Covid-19 to be a pandemic. Read more...

post-photo
8 Jul 2020

The Golden Licence Services in Egypt

Egypt’s investment Law No. 72 of the year 2017 was promulgated to promote foreign investment by offering further incentives, reducing bureaucracy, simplifying and enhancing the processes. Read more...

post-photo
8 Jun 2020

The Injunctions in the Egyptian Law

The injunction is a court order by which an individual is required to perform, or is restrained from performing, a particular act. A writ framed according to the circumstances of the individual case. Read more...

post-photo
12 May 2020

The Practice of Adjournments and Tactics: Delay of Justice in Egypt

Delay in the litigation process has become a global issue and Egypt is no exception. It has been exacerbated in Egypt in the last few years; whereas its issues have increased to the extent that the situation has reached a point that some disputes and cases extend for several years inside the Egyptian courts, and dozens of cases, some of which exceed a thousand paper, have piled inside the corridors of courts, and this is the reason behind the inquiries and astonishment of citizens concerning...

post-photo
15 Apr 2020

Non-Performing Assets: The Role of Banks and Financial Institutions in Egypt

On 16 March 2020, in response to the socioeconomic disruption caused by the global coronavirus (COVID-19) pandemic, the Central Bank of Egypt (CBE) issued a circular which put in place a moratorium on all repayments under existing credit facilities for a period of six months. Read more...

post-photo
2 Apr 2020

Egypt: CORONAVIRUS COVID-19 ‘s Effect on workflow

CORONAVIRUS COVID-19 's Effect on workflow (Employers and Employees) :On 11th of March, 2020, WHO Chief Dr. Tedros Adhanom Ghebreyesu had declared COVID-19 CORONAVIRUS as a pandemic, and the definition of Pandemic is a disease that is spreading in multiple countries around the world at the same time. Read more...

post-photo
12 Feb 2020

The Start of Digital Payment and Collection Systems in Egypt

Recently, the Egyptian President and the Parliament approved the issuance of new law that enables the e-payment, with its objective to facilitate wider financial coverage in Egypt, and align with the global trends in adopting policies that reduce the monetary handling, and replace them with banking financial instruments. Read more...

post-photo
10 Feb 2020

Egypt: Overview on the Capital Market Law Amendments

President Abdel Fattah El-Sisi approved Law No. 17 of the year 2018, which included wide-ranging amendments to the Capital Market Law, which included 45 new articles and amending 17 others.  Read more...

post-photo
15 Oct 2019

Egypt’s new financial leasing law

In light of Egypt's relentless pursuit of a prosperous economic climate, the Egyptian Parliament passed on August 15, 2018 the new Law No. 176 of the year 2018 regulating both financial leasing and factoring activities, promulgating financial leasing Law No. 95 of the year 1995, which aims at steering economic volume and increasing production of small and medium enterprises. Read more...

post-photo
7 Sep 2019

The New Bankruptcy Law and its Effects in Egypt

The Egyptian Government set a new business plan of investments in Egypt which should encourage the local and the foreign investors by issuing the New Bankruptcy Law No. 11 of the year 2018. Read more...

post-photo
17 Jul 2019

Split-up of Companies in Egypt

Pursuant to the new Egyptian Company Law No.4 of the year 2018 and its Executive Regulations No.16 of the year 2018 on the amendments of certain Executive Regulation provisions of Joint Stock Companies, Partnerships Limited by Shares and Limited Liability Companies Law No.96 of the year 1982; Read more...

post-photo
15 Jul 2019

Commercial Fraud in Egyptian Law

Commercial fraud is the most common way used by the weak souls to achieve the dream of being rich, where the methods of fraud have been recently developed in our society, as it became a mean of rapid and illegal gain for some companies and individuals. Read more...

post-photo
11 Jul 2019

Transfer Pricing in Egypt

Transfer Pricing is that basis used by the Tax authority to determine the price to be used when determining the taxable profit among non-related parties, where such price is determined in accordance with the market and the circumstances of dealings and transactions, and the related party is that party who has a relationship with a Tax Payer, and such relationship affects the determination of the tax base. Read more...

post-photo
9 Jul 2019

EGYPTIAN COMPETITION LAW OVERVIEW

The Law on Protection of Competition and Prohibition of Monopolistic Practices in Egypt was promulgated by Law No. 3 of 2005 and its Executive Regulation. The aim of the law is to ensure economic activity does not prevent, restrict or damage the freedom of competition. The law sets out a number of rules that regulates the economic activity of persons dealing in the relevant market. Read more...

post-photo
27 Jun 2019

Importing Medical Devices in Egypt

Medical Devices are used in the healthcare for the diagnosis, prevention, monitoring or treatment of illness or disability. The Egyptian Ministry of Health (MOH) is responsible for the registration and approvals of medical devices in Egypt through the Drug Policy and Planning Center (DPPC) and the Central Administration of Pharmaceutical Affairs (CAPA) which also regulates the importation and manufacture of medical devices. Read more...

post-photo
24 Jun 2019

Obtaining Egyptian citizenship by investment

Recent Amendments approved by Parliament on obtaining Egyptian citizenship by investment   Read more...

post-photo
10 Jun 2019

Floating Charges in Egypt Law

Egypt has finally passed The Security Over Movables Law in November 2015 which introduced a regime similar to fixed and floating charges as applicable under the UK law. The Executive Regulation (ER) of the Law was passed in December 2016[1]. Taking into consideration novelty of the legislation, it has yet to be implemented on the ground and results to be evaluated. However, the main provisions of the Law can be discussed and outlined. Read more...