Nada Alyan 
In 2014, the Egyptian Income Tax Law No. 91 for 2005 (“Income Tax Law”) was amended to apply capital gain tax (“CGT”) on the gains realized from the disposal of shares. The tax rate differs depending on the shares being a listed or unlisted, and the shareholder being resident or non-resident. Also, the Stamp Duty … Read more
According to the Medical Advertisement Law No. 206/2017 (the “Law”), any promotion or advertising of a healthcare product or service has to be pre-approved and licensed by a special committee to be established by the Prime Minister and chaired by the Minister of Health (the “Committee”). By virtue of the Prime Minister’s decree No. 302/2022, the … Read more
According to Article 5 of Decree No. 419 of 2018 regulating Customs Tariff (“Customs Tariff Decree”), renewable energy machines and equipment (solar and wind) are subject to a flat rate of 2% or the regular customs tariff rate set out in the customs schedules whichever is less. The customs schedule used to exempt “photosensitive semi-conductor … Read more
Our partner Dr. Fatma Salah was invited to speak at the 11th World Litigation Forum that took place in Dubai on the 19th and 20th of January. She joined an esteemed panel of international experts to discuss the recent developments in transnational litigation. Dr. Fatma shared her insight on how different jurisdictions responded to the pandemic, the … Read more
Tribunal decided unanimously the inarbitrability of construction social insurance disputes and dismissed the claim Riad & Riad scored a victory defending one of the international construction conglomerates in an arbitration case before the Cairo Regional Centre of International Commercial Arbitration (CRCICA). The arbitration was initiated by a leading state-owned construction company in connection with a dispute over construction social insurance. The arbitral … Read more
With the accelerated rise of special purpose acquisition companies (SPACs) over the past years, the Financial Regulatory Authority (FRA) in Egypt has given its green light for the establishment and licensing of SPACs. A SPAC is a company that is established solely to raise cash fund, through an initial public offering (IPO), for the purpose … Read more
Introduction Scope of Application Investment Law Objectives and Principles Investment Guarantees Investment Incentives Expansion of Existing Projects Corporate Social Responsibility FDI Reporting Requirements Return of Privately-owned Fee Zones Facilitating and Streamlining Licensing Procedures Dispute Resolution Introduction Egypt’s new investment law no. 72 of 2017 was ratified and officially published on the 31st of May 2017 … Read more
What is a Digital Bank? A digital bank is a bank with technology-enabled business model which provide its services remotely with limited or no branch infrastructure. Alternative terms used by market participants are virtual banks, internet-only banks and neo banks. Digital banks are different from ‘fintech financing’ platform which refers to electronic platforms (not operated … Read more
The Egyptian Council of Ministers issued an official circular (the “Circular”) this week ordering all the ministries in Egypt to issue a regulatory decision to prevent their workers from entering workplaces unless they have received Covid-19 vaccine. Workers who will reject to take the vaccine will be required to submit PCR every three days. The … Read more
Legal Updates1 Covid Updates Egypt Makes Covid-19 Vaccine Mandatory Taxes New E-Invoice System in Egypt Customs New Customs Law in Egypt: the Advance Cargo Information System Labor & Employment Payment of Salaries and the New Law Regulating “Non-cash Payment Methods” in Egypt New Decree on Minimum Salary and Annual Increment R&R News IFLR Recognition Riad … Read more