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...
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...
Egyptian Labor Law
Governing Laws and Decrees :Employment matters in Egypt are primarily regulated by the following legislative sources: Read more...
Investment Guarantees and Incentives
In general : Business entities in Egypt that have been incorporated after the enactment of the Law 8 of 1997 enjoy further guarantees and incentives. Read more...
Import and Export in Egypt
Import :Import is strictly regulated by the Egyptian government permitting Egyptian nationals only and fully owned and managed Egyptian companies to import into Egypt. For importation into Egypt for the purpose of trade, companies/individuals should register with the Register of Importers. Read more...
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...
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...
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...
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,...
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...
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...
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...
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...
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...
Compensation upon Termination of Agency & Distributorship Agreements
Foreigners’ business activities are frequently conducted in Egypt by appointing an intermediate commercial agent or an authorized distributor by means of Commercial Agreements. Prior to the effective date of the new Commercial Code, Egyptian Commercial Agency Law was more liberal in comparison with many other jurisdictions. Commercial agency agreements in Egypt could be limited in time and, as a rule, the matter of compensation for termination was to be decided by the mutual consent of both...
Investment Decisions on the export councils
Al Waqa’ea Al Misreya – No. 83 Cont. (A) on 19th April 2014 Ministry of Trade, Industry and Investment Decision No. (267) for 2014 (councils of small exporters and innovated exports)For reformation of the exportation councils for non-traditional exports Read more...
Decision pertinent to labor
Al Waqa’ea Al Misreya – No. 92 on 22nd April 2014 Ministry of Manpower and Immigration Decision No. 127 for 2014 Minister of Manpower and Immigration Regarding disposition of the collection of pecuniary penalties imposed on workers Read more...
the System of the Suez Canal Authority
Official Gazette – No. 18 Bis (B) on 6th May 2014 The Presidential Decision by the Law No.34 for the year 2014 of the System of the Suez Canal Authority system Regarding the amendment of some Provision for the Law No. 30 for the year 1975 Read more...
Decision on Taxation of Erected Estates
Al-Waqa’ea Al-Misria – No. 75 (Cont.) on 1st of April 2014 :Ministry of Finance With the delegation of some competencies Minister of Finance Decision No. 129 for 2014 .Upon review of the Law of Taxation of the Erected Estates promulgated by the decision of the Minister of Finance No. 493 for the year 2009 and its amendments; and what is demanded by the interest of work; Read more...
Liability
“Liability” means: (mass noun) The state of being legally responsible for something. (count noun) (usually liabilities) A thing for which someone is responsible, especially an amount of money owed. (usually in singular)A person or thing whosepresence or behavior is likely to put one at a disadvantage: Read more...
Decision regarding the investing governances of real estate
Al-Waqa’ea Al-Masreya – No. 82 on 9th April 2014 The General Authority of Financial Supervision The Authority’s Board Decision No. 34 for 2014 Dated 12/3/2014 Regarding the investment governances of real estate investment portfolios Read more...