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A commentary to the guarantee provided by article (3) of the Egypt’s new investment law no. 72 of 2017: by the same law article that emphasizes on the investment’s non-subjection to any decision carrying discrimination, the legislator adopts the possibility of granting the foreign investor special privilege in treatment under reciprocity … although, this implies inadmissible discrimination against the national investor, it contains reasonable exaggeration to reassure the foreign investment.

The new Investment Law no. 72 of 2017 distinguished among four of the investment systems; the internal investment system, the investment zones system, the technological zones system, and the free zones system. The distinguish point is obviously represented on that the incentives allocated to the first three systems are different and less than the incentives granted to the last system called “the free zones system”. Such last system that kept, under the new law, the same privileges that were adopted under the previous law, representing on exempting its goods whether exported to or imported from abroad from the customs, added value tax, and the other taxes and charges.
By issuing law no. 7 of 2017, the import regulation in Egypt has been amended from many aspects. The most important of all those aspects are represented in requiring a business volume of 5.000.000 LE which must be reached by each company working/will work in importation and must be proved by the company’s tax declaration, in requiring a minimum capital of 2.000.000 LE for the Limited Liability Companies or 5.000.000 LE for the Joint Stock Companies,

Badawy Law Office

24 Abo El Mahasen El-Shazly Street, Sphinx square, Mohandseen, Egypt.

+202 3304 2416