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ARTICLE · 13 AUGUST 2018

Restrictions On Foreign Investment In Egypt

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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Nowadays, foreign investment in Egypt is becoming easier, and is being facilitated by the new Investment Law No.72 of the year 2017 offers guarantees, simpler procedures...

EgyptGovernment, Public Sector
Youssry Saleh & Partners
Youssry Saleh & Partners
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Nowadays, foreign investment in Egypt is becoming easier, and is being facilitated by the new Investment Law No.72 of the year 2017(hereinafter referred to as the Investment Law) offers guarantees, simpler procedures, as well as incentives that include tax breaks and trims customs duties.

Sahar Nasr, Egypt's Investment Minister stated that: "Foreign Direct Investment (FDI) has been significantly picking up, total private investment increased by 47 percent, FDI has picked up by 15 percent. It is true, a large bulk of investment comes from oil and gas, but the current investment law has provided an incentive to attract diversified sectors, specifically sectors creating jobs, and enhancing productivity..."

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