New Customs Law in Egypt: the Advance Cargo Information System

Introduction In implementation of the Customs Law no. 207 of 2020 and its executive regulations issued by Decree no. 430 of 2021, the Egyptian Customs Authority started the implementation of a new system for customs clearance and pre-registration of shipments called the Advance Cargo Information system (“ACI”). The main objectives of the ACI system is … Read more

Payment of Salaries and the New Law Regulating “Non-cash Payment Methods” in Egypt

State authorities and public sector entities are required – by virtue of Law No. 18/2019 regulating Non-cash Payment Methods  (the “Law”) – to execute payments of their employees, board members, service providers, experts and/or consultants through non-cash payment methods. Private sector companies as well are required to pay the entitlements of their employees, executive directors, … Read more

New Decree on Minimum Salary and Annual Increment

The Egyptian Minister of Planning and Industrial Development issued the long debated decree to set the minimum salary for private sector in Egypt. According to the decree the minimum salary of private sector employees starting from 1st January 2022 shall be EGP 2,400 monthly. This minimum salary may comprise both fixed and/or variable salary elements (i.e. … Read more