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Egypt: Investment Climate Statement 2015

Egypt: Investment Climate Statement 2015

Paperback

Business GeneralSocial Movements

ISBN10: 1532770782
ISBN13: 9781532770784
Publisher: Createspace
Published: Apr 16 2016
Pages: 32
Weight: 0.22
Height: 0.07 Width: 8.50 Depth: 11.02
Language: English
The Government of Egypt has declared investment, including foreign investment, a top priority. President Sisi's technocratic cabinet of economic ministers has supported this policy through a series of recent pro-business reforms, including a third party contract appeal law prohibiting third party interference in state-investor contracts; a competition law; and a presidential decree reforming Egypt's 1997 Investment Law by trimming customs duties, expanding corporate veil protection, establishing additional forums for investor-state disputes, and setting the foundation for a true one-stop business registration shop. Additional upcoming reforms promised by the government include a VAT tax, simplified bankruptcy proceedings, a companies law, amendments to the capital markets law, a new insurance law, and a land management framework. In March 2015 Egypt organized a major investment conference, the Egypt Economic Development Conference (EEDC). The conference highlighted reforms and upcoming investments and was seen by many as an affirmation of the country's new pro-investment policy.

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