Temporary Entry of Free Zone Equipment and Tools

 On the 25th of March 2024, the Cabinet of Ministers issued Decree No. 24 of 2024 (“Decree“) allowing free zone companies to have its tools, supplies, machines, equipment, devices, and means of transportation (“Equipment“) exit the free zone and enter the other parts of the territory of Egypt. Such entry can be for the company’s … Read more

Egypt’s Pre-Closing Merger Control Regime Enters into Effect

Egypt amended its Protection of Competition and Prohibition of Monopolistic Practices Law No. 3 of 2005 (“Competition Law”) on 29 December 2022. The amending law No. 175 of 2022 (“Amendment Law”) introduced the long anticipated new pre-closing clearance regime on transactions constituting an ‘economic concentration’. On the 4th of April 2024, the Prime Minister issued … Read more

Egypt Raises Minimum Salary of For Private Sector by 60%

For the third time during the last couple of years, the Egyptian National Council for Salaries (“Council”) decided an approximate 60% increase in the minimum salary of private sector employees. Minimum Salary as of 1st of May 2024 The Egyptian Minister of Planning and Economic Development issued Decree No. 27 of 2024 (“Decree”) setting that … Read more

Establishment of Technologist Syndicate in Egypt

Last February Law No. 13/2024 was issued deciding the establishment of an independent syndicate for technologists (the “Law”). The need to establish a syndicate for technologists (the “Syndicate”) grows after the issuance of Law No. 72/2019 regulating the establishment of specialized technological universities in Egypt. Both laws interpret the the State’s vision to prioritize the … Read more

RR NEWSLETTER ISSUE 27

Legal Updates1 Energy Egypt – Rules for EV Charging Stations are Released Legal Framework of Hydrogen Energy in Egypt – Opportunities and Challenges Construction Decennial Liability Insurance – New Rules in Egypt Taxes VAT Trends – Exported Services and the Zero-Rating Rule Manufacturing New Rules for Allocation of Industrial Land with Installed Utilities Temporary Real … Read more