Legal Updates1 Investment Egypt Removes Restrictions on Foreign Companies to Obtain Importation License Egypt – Amendment to the Investment Law Tax Egypt – Amendments to the Income Tax Law Banking Egypt Introduces t...
Law No. 163 of 2023 (“Law”) was issued on 6 August 2023 for the establishment of the Egyptian Authority for Intellectual Property (“IP Authority”). The IP Authority will have an exclusive and comprehensive competenc...
Our partner Dr. Fatma Salah participated in the public consultation sessions held by EgyptERA (with the support of EBRD) on the new Private-to-Private (P2P) rules for the electricity sector in Egypt.Riad & Riad ...
We had a successful summer at Riad & Riad Riad with our 2023 Summer Internship Programme! We welcomed two batches of talented, and carefully selected, interns for a two-week immersive experience at our...
Our partner Dr. Eman Riad delivered a presentation to the Japanese investors and businessmen in relation to the recent incentives under the Investment Laws in Egypt. The meeting was attended by the Japanese ambassad...
The Egyptian Minister of Planning and Industrial Development issued Decree No. 46 of 2023 (the ”Decree”) setting the minimum salary for private sector employees in Egypt. The minimum salary of private sector employe...
On 12 July 2023, the Central Bank of Egypt (“CBE”) issued a circular (the “Circular”) regulating the requirements for licensing and registering Digital Banks in Egypt. The rules determined under the Circular allow e...
The Income Tax Law No. 91/2005 (“Income Tax Law”) has recently witnessed major amendments by virtue of Amendment Law No. 30/2023 (issued on 15 June 2023) and Law No. 175/2023 (issued on 30 October 2023). These amend...
With the aim of creating an attractive climate for investment and streamline investment procedures, the Egyptian government introduced important amendments to the Investment Law No. 72 of 2017 (“Investment Law”) by...
The Egyptian Importer Registry Law No. 121/1982 is amended to allow companies wholly owned by non-Egyptians to obtain an importation license and carry out importation business for trading purposes freely. The law pr...
Our two-week paid Summer Internship Programme will give you a real insight into our work, people and culture. You will spend two weeks working as part of the team in one of our main departments: Corporate, Fina...
Employment and labor relationships in Egypt are regulated by the Egyptian Labor Law No. 12/2003 and relevant Decrees (the “Labor Law”). The Labor Law was promulgated on 7 April 2003 consisting of 257 Articles includ...
The Egyptian Cabinet of Ministers approved bill on incentives of projects of green hydrogen and its derivatives. Scope of Application According to the bill, the law will apply on hydrogen projects which will sign th...
Legal Updates1 Taxes Egypt’s VAT on Remote Digital Services Fintech Egypt – New Tokenization Regulations to allow contactless payments through smartphone Consumer Finance Companies to Provide Payment Services Using...
The Central Bank of Egypt (“CBE”) issued new regulations on 8 March 2023 to introduce “Tokenization” services and allow contactless payments through smartphones (the “Regulations”). Tokenization is a process of subs...
The Financial Regulatory Authority (“FRA”) issued Decree No. 61 for 2023 (“Decree”) to allow licensed consumer finance companies to provide payment services using prepaid cards on behalf of banks. The Decree authori...
The Egyptian Minister of Finance issued Decree 24 of 2023 amending the Executive Regulations of the Value Added Tax Law No. 67 of 2016 (“VAT Law”) to regulate the application of Value Added Tax (“VAT”) on imported r...
Riad & Riad continues to improve its quality rankings in the 2023 edition of the Legal 500 EMEA directory. The guide ranks us in six practice areas. We are proud that our Project and Infrastructure tea...
Riad & Riad has, once again, been recognized by Chambers and Partners in its Global 2023 guide for Project & Energy as well as the Commercial Contracts and Venture Capital in Egypt. Congratulations to partne...
Riyadh, Saudi Arabia: Fintech Buddy Saudi Arabia, a one-stop shop platform that provides professional services for startups and foreign companies (sponsored by The Law Firm of Nasreen Alissa), signed a Memorandum of...
Legal Updates1 Corporate - Merger Control Egypt Adopts New Pre-Closing Merger Control Regime Energy New Regulations for Solar PV Self-Consumption Projects – Egypt Egypt – Rules for EV Charging Stations are Released...
Riad & Riad scored a favourable court judgment for a leading airline company in a dispute against its chief financial officer (CFO). The judgment was issued by the Egyptian Court of Cassation setting out a numbe...
The Egyptian Electric Utility & Consumer Protection Regulatory Agency (EgyptERA) issued Circular No. 3 for 2023 to regulate the licensing procedures and requirements for solar self-consumption plants (“Regulatio...
Minimum Salary for 2023 The Egyptian National Council for Salaries (“Council") chaired by the Minister of Planning and Economic Development has decided to increase the minimum salary for private sector employees fro...
