Adoption of new foreign investment rules
06 Jul 2019
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 for recording these flows to the General Authority for Investment, and broadening the definition of FDI to reflect international practices. One such change will entail allowing foreign acquisitions of stakes of less than 10% in Egyptian entities to be recorded as FDI.
The other changes, which had been approved by the cabinet in March 2019, permit existing investors to benefit from incentives under the new law when they expand their projects, and clarify the fee structure for certifying contracts of association.
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Type:
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Entry and establishment (Approval and admission)
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Promotion and facilitation (Investment incentives)
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