Egypt

In the following, we aim to shed some light on the more relevant laws applicable in Egypt. In this respect, we shall focus on the corporate, labour, investment and property laws of the country.

Egypt has undergone a series of dramatic political developments, leaving the country with various economic challenges to address. While the uprisings lifted the country from stagnation, they also interrupted commerce, leading to a prolonged closure of the stock market and a marked drop in tourism.

In recent years the Egyptian government has made extensive changes to the country’s tax framework, including Law No. 96, issued in 2015 to modify some articles in the corporate income tax (CIT) law. The practical application of some of the new concepts in the tax law has been clarified with the issuance of a set of executive regulations.

One of the oldest sectors in the local economy, Egypt’s well-established pharmaceuticals industry dates back to 1939. Today 154 factories manufacture products to meet 93% of the demand of the nation’s large and growing population, according to Osama Rostom, commercial director and member of the board of the Egyptian International...

The government’s emphasis on economy-stimulating construction projects has increased the demand for skilled construction labour across the country. This, coupled with the persistently high youth unemployment rate – 42% as of 2014 according to the World Bank – has put the spotlight on technical and vocational education and training (TVET)...

Continued efforts to address the health care needs of its large and growing population has resulted in varied opportunities for development of Egypt’s health care space, particularly in the form of private sector investment. While the country has continued to see some positive steps, especially in the arena of primary care access and infant...