Egypt

Egypt

Simplified project approvals via the "golden license"

28 Jun 2022

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, also known as the "golden license," in accordance with the provisions of Article 20 of Investment Law No. 72 of 2017. The "golden license,” is a mechanism for granting investors approval to buy/rent land and operate projects without having to secure prior approval from multiple government bodies.

  • Type:
    • Entry and establishment (Access to land)
    • Promotion and facilitation (Investment facilitation )
  • Industry:
    • Not industry specific
  • Sources:
    • Government, Prime Minister's Decree No. 230 for year 2022, ..., 28 Jun 2022