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Investment in Egypt

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30 Jun 2017

Note on the New Egyptian Investment law

The long-waited New Egyptian Investment Law No. 72 of the year 2017 was finally passed by the Parliament and issued by the President, this law is expected to attract the investors for the incentives, guarantees, facilitations and advantages provided for in it. Read more...

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24 Jun 2016

Indirect business activity in Egyptian Market

This section discusses the case of foreign entities marketing their products to Egypt directly without the requirement of business entity incorporation in Egypt but with the help of certain form of representation. Read more...

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24 Jun 2016

Investment in Egypt

Legal Framework :Post 25th of January, 2011 Revolution Direction following Revolution of 25th of January, 2011, Egypt has been heading towards the future in a slightly different track. Political and economic distress has led to significant changes   Read more...

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24 Oct 2017

Egypt: Documentary credit

The Documentary Credit is an essential way for the execution of import & export trade operations, thus it has been requisite  for the  trade relations which has been defined by Article 341 of the Egyptian Commercial Law No.17 of the year 1999 which stipulates that: ‘Documentary credit is an Agreement by virtue of which the bank undertakes to open a credit upon the request of one of his clients (called ‘the remitter’) in favor of another person (called ‘the beneficiary’...

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9 Oct 2017

The Transfer of Technology Contract in the Egyptian Law: The Governing Rules

The Transfer of Technology Contract is one of the contracts which are included in the Egyptian Commercial Law No. 17/1999, due to the new era of significant expansion in the field of technology contracts and the legal issues that face the transfer of technology processes at the international level as a result of the conflict of interests between the parties of these processes.     Read more...

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16 Sep 2017

Maritime Collision in the Egyptian Law

Collision is a maritime danger that frequently occurs especially after the increase of the number of ships sailing in the seas, multiplication of their velocities and unification of navigation lines. Such leads to mass damages to persons and properties.   Read more...

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5 May 2017

Value Added Services (VAS) and Licenses: Egyptian Regulations

The VAS services are services that are based on the content or format of the information that has changed in the content or body of the information it adds value to or provides integration between it and other services from Operational and/or administrative aspects, or those services that involve user interaction with stored information data. Read more...

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22 Dec 2016

Factory Registration in Egypt

The Minister of Trade and Industry has reviewed certain Laws and Decrees which are: Read more...

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3 Dec 2016

Restrictions on Foreign Investment in Egypt

Nowadays, foreign investment in Egypt is becoming easier, and is being facilitated by the new Investment Law No.72 of the year 2017(hereinafter referred to as the Investment Law) offers guarantees, simpler procedures, as well as incentives that include tax breaks and trims customs duties.     Read more...

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1 Dec 2016

Egyptian Law: Collateral Securities

The Egyptian legislator regulated the mortgages to be an insurance for the creditors’ interest through the Egyptian Civil Code, Trade Law, and the Movable Securities Law.   Read more...

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4 Oct 2016

Liquidation of Entities in Egypt

The liquidation of companies in Egypt is governed by the Egyptian Companies Law. No. 159/1981[1], the law governs all the aspects of the companies’ liquidation including the reasons of liquidation, status of the company under liquidation, the appointment of the liquidator, responsibilities of the liquidator and revocation of the liquidator. Read more...

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10 Aug 2016

Obtaining a work Permit in Egypt

Throughout 30 years of experience in providing clients with immigration services in Egypt we found that many foreigners and companies are facing many issues in obtaining work permit in that’s due to the complicated process of receiving work permit in Egypt and involvement of numerous authorities. Read more...

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10 Aug 2016

Commercial Agency Law of Egypt

Foreign companies or establishments may not establish scientific, technical, consulting or other services unless they have a commercial agent in Egypt in accordance with the Egyptian laws and regulations. Such companies and establishments can carry out any act of commercial agency or mediation only through a registered agent or commercial intermediary.   Read more...

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25 Jul 2016

FIDIC Contracts in Egypt

The term FIDIC stands for the International Federation of Consulting Engineers, FIDIC was established in 1913, headquartered in Genève, and is aimed at finding a resolution in construction sector. Read more...

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21 Jul 2016

Maritime Insurance In Egypt

As with any other commercial activity, maritime insurance has an essential role in the overseas trade that involves transportation of goods from one country to another via ships, this type of insurance covers perils of the sea including the loss of ships, cargo, terminals and any transport or property by which the cargo is transferred. Read more...

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18 Jul 2016

Commercial Contracts in Egypt

  Usually within the drafting process parties may neglect that a dispute may arise in the future regarding, for example, the validity of the contract, at this moment many questions can arise; what is the law governing this contract? To any jurisdiction parties will refer their dispute to? What will be the method of settlement in case the dispute arises?  These clauses are very important clauses to be taken into account when drafting a contract to avoid legal uncertainty. In this article,...

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15 Jul 2016

Egypt: Value Added Tax (VAT) Law

On 5th of September 2016, the new Value Added Tax (VAT) Law in Egypt has been promulgated and published in the Official Gazette entering into effect on 8th of September 2016. The new Law no. 67 of year 2016 replaces the General Sales Tax (GST) Law no. 11 of year 1991 and any other legal provision contradicting with the new law shall be annulled. Read more...

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10 Jul 2016

Banking laws in Egypt

Banking industry in Egypt is one of the oldest and largest industries in the region that plays a critical role in the development process in Egypt. It has been expanded by the “Open Door Policy”, adopted in the mid-seventies when foreign banks were allowed to proceed with their work in Egypt, aiming the analytical growth with an effective role for the private sector in promoting the economic performance. In order to achieve the goals of this policy, the banking law was published, stating...

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10 Jul 2016

Litigation and enforcement of Judgments in Egypt

The Egyptian legal system is greatly influenced by the French Civil Code System. The main comprehensive code in Egypt is the Civil Code No. 131 for the year 1948 that covers vast types of transactions between individuals including personal rights, contracts, obligations and torts. Read more...

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9 Jul 2016

Business Incorporation in Egypt

Foreign enterprises wishing to conduct business in Egypt may enter the Egyptian market by establishing a permanent legal structure. Foreign investors are permitted to establish various types of entities by the Egyptian law. These entities may have either permanent presence as Limited Liability Companies ( LLC) and Joint Stock Companies or temporary presence as Foreign Branch Offices and Foreign Representative Offices. Generally, investment in Egypt is subject to the Egyptian Corporate...

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9 Jul 2016

FOOD AND BEVERAGE FRANCHISE IN EGYPT: LEGAL CONSIDERATIONS

The Franchise system has become essential in all countries of the world in light of the global economic changes, which aims to open markets and drop barriers to goods and capital, providing the latest marketing systems, management, transfer of technology, expertise and job creation opportunities in most productive and service sectors. Read more...