Tag Archives: مصر

Wednesday November 28th, 2018

GAFI Issues Several Circulars with Governance Rules for Companies

The General Authority for Investment and Free Zones (“GAFI”) recently published on its website a number of circulars with governance rules for companies following the amendments of the Companies Law and its executive regulations earlier this year. The circulars – with dates ranging between October and November 2018 – include a reiteration, and sometimes clarification, […]

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Thursday November 1st, 2018

The New Public Contracts Law

On 3 October 2018, the new Public Contracts Law No. 182 of 2018 (the “Law”) was published in the Official Gazette.  The Law was discussed and passed by the House of Representatives last July, and comes into effect 30 days following its publication. As the new framework for regulating contracts concluded by public entities, it […]

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Tuesday September 25th, 2018

A New Consumer Protection Law

Sound consumer protection regulation is a staple of developed legal systems. It is therefore typical of states to aspire to reach a balance between promoting a healthy competitive business environment while ensuring the protection of consumers who deal with businesses against unfair, deceptive, fraudulent or harmful practices. In this light, the new Consumer Protection Law […]

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Monday September 17th, 2018

Egypt’s First Sovereign Fund Law

On 18 August 2018 the law establishing Egypt’s first sovereign wealth fund named “Misr Fund” was issued. With the purpose of contributing to sustainable economic development through management of state funds and assets, the fund was created as an independent legal entity, with an authorized capital of EGP 200 bn. Misr Fund has the right […]

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Tuesday September 11th, 2018

Amendment of Custom Tariffs

New custom duties were issued by Presidential Decree No. 419 0f 2018 which increased import tariffs for over 300 goods in a variety of categories. Government officials announced that the decree is aimed at encouraging national industry and updates the classification of goods to comply with the Harmonized Commodity Description and Coding System (HS) after […]

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Tuesday March 6th, 2018

The Egyptian Tax Authority Launches an Electronic Filing System

Last February , the Minister of Finance announced the establishment of an electronic system for the submission of tax returns on the Tax Authority’s website. This is part of wider developments aiming to facilitate tax processes to improve Egypt’s overall business environment, including a decision to switch from a paper tax card to an electronic […]

News
Monday January 29th, 2018

Important Amendments to the Companies Law

The 16th of January 2018 saw the issuance of a broad range of amendments to Companies Law No. 159 of 1981. The amendment covers a number of significant issues, including the addition of a new form of company that the law calls the ‘one-person company’, and several other significant amendments to the rules concerning company […]

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Thursday January 18th, 2018

The New Health Insurance Law: The Beginning of the Battle, Not the End

Dr. Ziad Bahaa-Eldin Published in Arabic in El-Shorouq newspaper on Monday December 25th 2017 The health insurance law passed by the parliament last week has both defenders and opponents. Some saw it as a first step toward universal social insurance, but others feared it bring additional financial burdens without improving health service. Still others rejected […]

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