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ARTICLE · 20 AUGUST 2020

New Law Regarding The Development Of Medium, Small And Micro Enterprises

Youssry Saleh Law Firm
Youssry Saleh Law Firm
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Youssry Saleh Law Firm

Youssry Saleh Law Firm

Youssry Saleh Law Firm, based in Cairo, has been operating since 1985. During 40 years of practice...

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As part of the state's efforts to encourage the Egyptian economy, the Egyptian President issued Law No. 152 of the year 2020 regarding the development of the medium, small, and micro-enterprises.

EgyptCorporate/Commercial Law
Youssry Saleh & Partners
Youssry Saleh & Partners
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As part of the state's efforts to encourage the Egyptian economy, the Egyptian President issued Law No. 152 of the year 2020 regarding the development of the medium, small, and micro-enterprises.

The new law aims to attract the projects that are outside the Egyptian authorities' control (Informal Sector of Economy) and embrace them under its umbrella, due to reduce the informal sector of the economy with a view to promoting employment in the formal sector and, in this way, ensuring the full enjoyment of economic and social rights by all workers. Moreover, it aims to legalize SME's status under the Egyptian laws.

The law defined both of the medium, small and micro enterprises as follows:

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