Category: Legal Alerts

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October 26, 2018 • By Hegazy Admin • Legal Alerts

Client Alert: New Draft Customs Law in Egypt

New Draft Customs Law in Egypt A new customs law has been proposed by the Egyptian Parliament that could potentially repeal Customs Law No.66/1963. If passed, it will centralize customs...

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October 26, 2018 • By Hegazy Admin • Legal Alerts

Client Alert: Finally….Regulations Issued for One Person Companies (OPCs)

Finally….Regulations Issued for One Person Companies (OPCs) The General Authority for Investment and Free Zones (GAFI) has published the requirements and necessary documents for establishing an OPC in Egypt. The...

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October 26, 2018 • By Hegazy Admin • Legal Alerts

Client Alert: Construction Companies Can Now Build Urban Communities within City Limits

Construction Companies Can Now Build Urban Communities within City Limits Law No. 1/2018 was passed as an amendment to Law No. 79/1979 regarding New Urban Communities. Urban communities may now...

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November 19, 2017 • By Hegazy Admin • Legal Alerts

Client Alert: Egyptian Paper Tax Card To Be Replaced With The Magnetic Card

The Egyptian Tax Authority has suspended any dealings through paper tax card and replaced it with the magnetic card (Smart Card). On the such account, the Head of the Egyptian Tax...

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#Article #Egypt #Taxes

September 15, 2015 • By Hegazy Admin • Legal Alerts

Client Alert: Effects of the new Egyptian Tax Law

Tax rates under the new law are as follows: Annual Income Tax Rate Up to LE 6,500 Tax exempt LE 6,500 up to LE 30,000 10% LE 30,000 up to LE 45,000...

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#Article #Egypt #Taxes

September 15, 2015 • By Hegazy Admin • Legal Alerts

Client Alert: SAGIA Speeds up

The Saudi Arabian General Investment Authority (SAGIA) recently introduced new online services, through which an Investor can apply for an investment license online. This will spare a lot of time,...

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#Article #Investment #SAGIA

September 15, 2015 • By Hegazy Admin • Legal Alerts

Client Alert: World Bank Conference on Islamic Finance

This month, the World Bank Group’s Global Islamic Finance Development Center (GIFDC) launched its Annual Symposium on Islamic Economics and Finance in Istanbul. Experts from all around the world discussed...

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#Article #Bank #Investment #Islamic Finance

September 15, 2015 • By Hegazy Admin • Legal Alerts

Client Alert: The Egyptian Government comes down on corruption.

After two major scandals in Egypt in one week, the government has taken actions to curb corruption both inside and outside the public sector. First the public prosecutor has moved...

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#Article #Corruption #Egypt

September 15, 2015 • By Hegazy Admin • Legal Alerts

Client Alert: UAE Company Law Changes

Changes to the Companies Law in the UAE: In an attempt to harmonize its legal framework with international norms, the UAE government issued Federal Law no. 2 of 2015 concerning Commercial...

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#Article #Industry #UAE

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