Egypt

Egypt

Decree on establishment and operation of new investment projects

14 Mar 2022

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 and operation of new investment projects, or for the expansion of the existing investment projects shall decide on such applications within twenty (20) business days from the date of the application submission (provided it fulfills the documents required). The competent authority shall notify the applicant with the decree issued regarding the application, whether approved or rejected, by a registered letter with acknowledgment of receipt or via any of the modern technological means agreed upon with the investor when submitting the application, within five (5) business days from the date of the elapse of the aforementioned period.

  • Type:
    • Entry and establishment (Approval and admission)
    • Promotion and facilitation (Investment facilitation )
  • Industry:
    • Not industry specific
  • Sources:
    • GAFI, Relevant Cabinet decisions, 14 Mar 2022