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ARTICLE · 17 AUGUST 2023

Transformative Reforms In Egypt's Economic Legislation

Andersen
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On May 16, 2023, the Supreme Council for Investment approved 22 positive decisions across various sectors and economic domains.

EgyptCorporate/Commercial Law
Noor Mahdy
Noor Mahdy

On May 16, 2023, the Supreme Council for Investment approved 22 positive decisions across various sectors and economic domains. Leading these decisions was the approval of a project to expand the issuance of the golden license, not limited to companies establishing strategic or national projects, and allowing it to be granted to companies established before the implementation of the 2017 Investment Law.

They also approved a project to unify the regulatory frameworks for state-owned companies and establish a unified electronic platform for the establishment, operation, and liquidation of projects. This aims to resolve complexities among approval authorities and reduce bureaucratic obstacles that hinder the investment process.

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