ARTICLE · 06 DECEMBER 2017

Note On The New Egyptian Investment Law

Youssry Saleh Law Firm

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Youssry Saleh Law Firm

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The long-waited New Egyptian Investment Law No. 72 of the year 2017 was finally passed by the Parliament and issued by the President, this law is expected to attract the investors for the incentives...

EgyptGovernment, Public Sector

Youssry Saleh & Partners

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The long-waited New Egyptian Investment Law No. 72 of the year 2017 was finally passed by the Parliament and issued by the President, this law is expected to attract the investors for the incentives, guarantees, facilitations and advantages provided for in it.

The main characteristics of this law are shortening the time limits, facilitating the procedures on the investors, computerizing the data of investment projects and replacing paper records by electronic ones, which are good steps for a better investment environment.

The New Investment Law includes, interalia, the following advantages: foreign investor is provided a residence during the term of his/her project, he/she is entitled to finance the project and transfer the profits abroad without any restrictions, GAFI must respond to the incorporation requests submitted by the investor within one working day as a maximum, the corporate acquires the artificial personality immediately after being registered in

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