Egypt Legal Update
The Reorganization of Export Councils
"Egypt Legal Update"
The Ministry of Trade and Industry issued last week two decisions pertaining to Export Councils. The first decision organizes the legal and administrative structure of Export Councils in general while the second decision recomposes the board of directors of a number of key Councils. This
Jun-2022
GAFI Amends the Regulations fo
On 31 January 2019, the General Authority for Investment and Free Zones (“GAFI”) published decision No. 60 of 2019
GAFI Publishes Corporate Gover
Amidst growing activity in governance-related regulations by different authorities in Egypt, the General Authority for Investments and Free Zo
CBE Extends Mortgage Finance I
On 28 January 2019, the Central Bank of Egypt (“CBE”) issued a circular[1] extending its 2014 mortgage fi
CBE Decreases Required Annual
With the aim of easing the burden on banks operating in Egypt, the Central Bank of Egypt (“CBE”) amended the regulations governing bo
FRA Issues Internal Policy Sys
On 20 January 2019, the Financial Regulatory Authority (“FRA”) issued further rules for factoring and financial leasing activities (the “Decis
Entrepreneurship-Oriented Tech
On 5 February 2019, two Prime Ministerial Decrees were issued in relation to the investment zone operating in Maadi, Cairo, under the auspices
Extension of Real Estate Tax V
On 7 February 2019, the Official Gazette published an amendment[1] to the Real Estate Tax Law extending t
Egypt’s Referendum on the Cons
The start of this week witnessed voting by the nationwide and extraterritorial electorate in a referendum on the constitutional amendments tha
GAFI Circular on the Use of So
On 11 February 2019, the General Authority for Investment and Free Zones (“GAFI”) issued a circular[1] el
GAFI Allows Companies to Submi
On 12 February 2019, the General Authority for Investment and Free Zones (“GAFI”) issued a decision allowing companies to submit (and maintain
FRA Extends Compliance Period
On 14 February 2019, the Financial Regulatory Authority (“FRA”) Board of Directors Decision No. 6 of 2019[1]
FRA Issues Rules for Micro-Lea
Following a series of decisions regulating financial leasing and factoring, the Board of Directors of the Financial Regulatory Authority (“FRA