Grants foreigners right to own land for investment
03 Jan 2024
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 investment purposes, in alignment with the regulations outlined in the Investment Law. This amendment removes previous constraints that mandated Egyptian ownership to be at least 51 per cent of a company's capital and limited individual ownership to a maximum of 30 per cent of its capital.
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Entry and establishment (Access to land)
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