Investment Policy Measures

33 results
Egypt

Egypt

03 Jan 2024

Grants foreigners right to own land for investment

On 3 January 2024, Egypt's House of Representatives passed a significant amendment to the Desert Land Law, enabling foreigners to own land for investment projects. The amendment explicitly allows foreign investors to acquire land for [...]

Egypt

Egypt

01 Jan 2024

Launched a single window for establishing companies and facilities

The General Authority for Investment and Free Zones (GAFI) launched the electronic service for establishing companies and facilities via GAFI’s electronic portal (www.gafi.gov.eg). Through the portal, an investor can submit the incorporation [...]

Egypt

Egypt

28 Dec 2023

New incentives to industrial investment projects with foreign investment

On 28 December 2023, the Cabinet of Egypt issued Decree No. 77 of 2023, which grants new incentives to certain industrial investment projects and their expansions. The Decree outlines the targeted investment projects, details the rules [...]

Egypt

Egypt

29 Oct 2023

Lifts the Egyptian ownership requirement for trading companies

On 29 October 2023, Egypt introduced significant amendments to its Importers Registry Law through Law No. 173 of 2023, adjusting the ownership and operational criteria for entities involved in import activities for direct trading on [...]

Egypt

Egypt

27 Aug 2023

Issues new incentives for strategic industries

On 27 August 2023, the President of Egypt directed the Government to implement a package of incentives, including tax exemptions, to support projects in strategic industries. As per the directives, these projects will be exempted from [...]

Egypt

Egypt

07 Aug 2023

Announces a new single-approval system to facilitate investment

On 7 August 2023, the Egyptian General Authority for Investment and Free Zones (GAFI) announced the creation of a new single-approval system for projects to facilitate investments. The new single-approval is issued within 20 days and [...]

Egypt

Egypt

25 Jul 2023

Introduces further tax incentives for investment

On July 25, 2023, the Parliament unveiled Law No. 160 of 2023 (Law 160) in the Official Gazette. This new legislation introduces significant changes to Investment Law No. 72 of 2017, aimed at enhancing the incentives offered to foreign [...]

Egypt

Egypt

23 Jul 2023

Approves bill eliminating tax exemptions for state-owned entities.

On 11 July 2023, the House of Representatives approved a two-article draft law which eliminates tax exemptions for state-owned entities and affiliated companies. The law's first article states that all tax exemptions granted to administrative [...]

Egypt

Egypt

17 May 2023

Approves draft law to promote green energy

On 17 May 2023, the Egyptian Cabinet approved a draft law to support green hydrogen projects and companies. The law provides incentives for green hydrogen projects and companies involved in its production during the project implementation [...]

Egypt

Egypt

16 May 2023

Approves several investment facilitation and promotion measures

On 16 May 2023, the Supreme Council for Investment approved 22 decisions to give impetus to various economic sectors and fields. The decisions include reducing the cost of establishing companies, simplifying the required approval procedures [...]

Egypt

Egypt

11 Apr 2023

Establishes Supreme Council for Investments

On 11 April 2023, the Government of Egypt published Decree No. 141, which was issued by the President to establish the Supreme Council For Investment. The Council, presided by the President of the Republic, replaces the Investment [...]

Egypt

Egypt

08 Feb 2023

To privatize over 30 State-owned companies

On 8 February 2023, the Prime Minister of Egypt disclosed a list of more than 30 State-owned companies that will either be listed on the EGX or sold to strategic investors within a year - till the first quarter of 2024 - in accordance [...]

Egypt

Egypt

20 Oct 2022

Provides new investment incentives for industrial projects

The Cabinet of Egypt approved on 20 October 2022 a law which provides investment incentives for industrial projects. The law, which comes as an amendment to the Investment Law, stipulates that investment projects in key industries [...]

Egypt

Egypt

21 Aug 2022

Reforms the free zones regime

On 21 August 2022, the Prime Minister issued General Authority for Investment Decree No. 159 for the year 2022, which provides the following, among others: Allowing free zone projects to sell up to 50% of their products in the local [...]

Egypt

Egypt

21 Aug 2022

Streamlines business procedures in the free zones

The Authority for Investment and Free Zones issued a decree on August 21, 2022, which shortens the time required for ratifying the minutes of ordinary and extraordinary general assemblies and boards of directors. According to the new [...]

Egypt

Egypt

28 Jun 2022

Simplified project approvals via the "golden license"

On June 28, 2022, the Prime Minister issued Decree No. 230 of 2022, which amends Article No. 43 of the executive regulations of the Investment Law. The purpose of this amendment is to simplify the process for obtaining a single approval, [...]

Egypt

Egypt

15 Apr 2022

New decrees issued to incentivize green hydrogen and ammonia projects through the Investment Law

On 15 April 2022, the Cabinet of Egypt issued three decrees which enable green hydrogen and ammonia projects to benefit from promotional measures. Cabinet Decree No. 20 of 2022 provides that GAFI must coordinate with the relevant ministries [...]

Egypt

Egypt

14 Mar 2022

Decree on establishment and operation of new investment projects

On 14 March 2022, the Prime Minister of Egypt issued Decree No. 982 of 2022, which provides that the competent authorities receiving applications of investors to issue the approvals, permits, or licenses necessary for the establishment [...]

Egypt

Egypt

07 Nov 2019

Decree on a New Investment Data Reporting Requirement issued

The Prime Minister recently issued Decree no. 2731 for 2019, amending the Executive Regulations of the Investment Law no. 72 for 2017. The Decree is effective as of 7 November 2019. According to the Decree, all companies incorporated [...]

Egypt

Egypt

06 Jul 2019

Adoption of new foreign investment rules

On 6 July 2019, the Parliament approved three amendments to the 2017 Investment Law (no. 72), including a revision to the way in which FDI inflows are accounted for. A change in the FDI accounting system entails shifting responsibility [...]

Egypt

Egypt

06 Mar 2019

Cabinet approves changes to investment law

On 6 March 2019, the cabinet approved two amendments to the investment law aimed at encouraging expansions of existing investments and clarifying the system for certifying contracts of association. In the original law, investment [...]

Egypt

Egypt

05 Sep 2017

Executive Regulations for Industrial Permits Act issued

The executive regulations bring into force Law 15 (2017) on industrial licensing, which was approved by the parliament in May 2017. The law enhances the role of the Industrial Development Organisation, which will henceforth be the [...]

Egypt

Egypt

07 Aug 2017

New law to end state monopoly of natural gas market

The President signed the new Gas Market Activities' Regulatory Law, which provides for the setting up of a natural gas regulatory authority charged with licensing and devising a plan to open the gas market to competition. The new law [...]

Egypt

Egypt

24 Jul 2017

Presidential decree establishing Golden Triangle Economic Zone

On 24 July 2017, the President issued a decree establishing the Golden Triangle Economic Zone. The decree considers the Golden Triangle as an economic zone of special nature. With a 2,228,754.25-feddan, the economic zone will cover [...]

Egypt

Egypt

01 Jun 2017

Investment law has been adopted

On 1 June 2017, the new Investment Law entered into force, which governs investment within Egypt. It aims to promote investment by offering further incentives, reducing bureaucracy, and simplifying and enhancing administrative processes. [...]

Number of policy measures per economy (since 01 Jan 2010) 1 95