Saudi Arabia recently amended the executive regulations to its labor law. The new amendments make it easier for expatriate workers to change their employment status. Originally, foreign workers had to respect the mandatory one-year minimum period of employment with a single employer before being permitted to seek alternative employment. Now, expats can switch employers during […]
Egypt is updating its IT infrastructure and promoting integration of global blockchain technology through the implementation of the Advance Cargo Information System (ACI). The most recent amendments to the Customs Law require all importers to register with the ACI. The ACI will screen imported goods prior to their arrival at an Egyptian Customs point of […]
The Ministry of Finance recently issued Decree no. 428/2021, which contains guidelines for the application of capital gains taxes for securities transactions. Capital gains taxes are already governed by Income Tax Law no. 91/2005 and its Executive Regulations. The objective of the latest guidelines is to provide a framework for how capital gains taxes will […]
On March 29th, 2021, the Board of Directors of the New Urban Communities Authority issued a decision prohibiting the sale of plots of lands to individuals and limiting it only to the real estate developers and government agency projects. This recent decision amends the previous NUCA decision no. 84 issued on August 6th, 2015 concerning […]
In-person proceedings have always been the characteristic feature of litigation in Egypt. In other words, physical court attendance had been mandatory in all litigation proceedings from the start to the end. At the end of 2020, the Ministry of Justice took into account the difficulties faced by Egyptian attorneys regarding attending and following up on […]
الأن يمكنك للأجانب الحصول على الجنسية المصرية في خلال 6 شهور فقط مقابل الإستثمار. :هناك عدة برامج إستثمارية متاحة للإختيار فيما بينهم إيداع مبلغ 250 ألف دولار أمريكي بموجب تحويل بنكى من الخارج ، كايرادات مباشرة تؤول إلى الخزانة العامة للدولة ولا يرد.ربط وديعة بالبنك المركزي المصري بمبلغ 750 ألف دولار أمريكي بموجب تحويل بنكي […]
The NGO Law no. 149 of 2019 which had been in the works for several years, was issued last year but was missing it’s executive regulations, thus rendering it only conceptual. The Council of Ministers finally issued the executive regulations by virtue of its decree number 104 of 2021 published in the Egyptian Gazette. The […]
The Egyptian Tax Authority reaffirmed that 31 January 2021 is the deadline for filing 2020 salary taxes and penalties for missing this deadline may reach EGP 2 millionز
– Prime Minister’s Decree No. 17 of 2018 was promulgated on 14 March 2018 and entered into effect on 15 March 2020 to amend particular provisions of the Capital Market Law No. 95 of 1992 (“Capital Market Law”), including detailed provisions for Sukuk (“Sukuk”) whereby followed by many decisions issued by the Board of Directors […]
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