Boosting MSMEs: Egypt's Legislative Framework

Based on Egypt belief in the vital role played by youth in achieving economic growth and increasing investment in the country, it works hard to encourage these cadres to start projects and investments whose primary goal is to eliminate unemployment, create job opportunities, and increase investment and production.

Therefore, a law was enacted to finance projects that young people seek to achieve, whether for small, medium or micro projects. Many advantages are granted to help starting these projects by allowing them to receive fund from other entities and enjoy tax incentives for companies and institutions that support such enterprises. Consequently, Law No. 152 of 2020 promulgating the Micro, Small and Medium Enterprises Development was codified, in addition to its Executive Regulation issued pursuant to Ministerial Resolution No. 654 of 2021, which we shall discuss below: