The New E-Invoice System in Egypt

September 26, 2021
Introduction As part of Egypt’s digital transformation, the Minister of Finance issued Decree no. 188/2020 in March 2020 to require VAT taxpayers to issue e-invoices. This Decree has delegated the Chairman of the Eg...

New Customs Law in Egypt: the Advance Cargo Information System

September 26, 2021
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...

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

September 14, 2021
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 provide...

New Decree on Minimum Salary and Annual Increment

September 13, 2021
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 employe...

The Suez Canal Blockage – Liability Issues under Egyptian Law

April 1, 2021
The Suez Canal Authority (SCA) announced last week the successful floating of the ultra-large Ever Given ship which blocked the Suez Canal and led to the suspension of the navigation in a key artery for global trade...

RR NEWSLETTER ISSUE 21

March 31, 2021
Legal Updates1 Special Labor & Employment Issuance The New Normal – Remote Work and the Future of Employment & Labor Laws in Egypt New measures to link Social Insurance with Payroll Tax in Egypt Work Injury...

New measures to link Social Insurance with Payroll Tax in Egypt

March 30, 2021
On 29 March 2021, the Social Insurance Authority in Egypt has issued a circular whereby the tax registration number of a company or entity will be recorded in the electronic social insurance system. Employers and co...
Remote work and future of employment labor law

The New Normal – Remote Work and the Future of Employment & Labor Laws in Egypt

March 23, 2021
The digital transformation and prevalence of online technology have created new work models; the workforce is becoming mobile and employees are becoming able to do their jobs from anywhere through digital means of c...

Work Injury and Death Claims Due to Covid-19 in Egypt

March 16, 2021
The Egyptian Social Security Law No. 148/2019 (the “Law”) defines “work injury” as any injury caused by an accident occurred during the performance of work or resulting from it.
Egypt social insurance

New Increase in the Social Insurance Salary in Egypt

March 16, 2021
The new Social Insurance Law No. 148/2019 in Egypt (which came into force in January 2020) has introduced – for the first time - the concept of the Unified Social Insurance Salary and cancelled the traditional disti...

Egypt’s Personal Data Protection Law – An Employment & HR Perspective

February 28, 2021
The Egyptian Data Protection Law No. 151/2020 (the “Law”) came into effect in October 2020. The executive regulation of the Law is expected to be issued by April 2021. Companies are given twelve 12-month grace perio...
Energy regulation

Electricity and Renewable Energy Regulations in Egypt

January 18, 2021
In July 2015, a new law for electricity has been issued (Law no. 87 of 2015) to regulate all electricity activities with the aim of replacing the current single buyer model and establishing a fully competitive elect...
covid-19 update

Covid-19 Update – January 2021

January 10, 2021
With the outbreak of the second wave of Covid-19 in Egypt, the government has issued a number of decisions and adopted certain measures to prevent the spread of virus. Banking Sector The Central Bank of Egypt (CBE)...
Newsletter

RR NEWSLETTER ISSUE 20

January 3, 2021
Legal Updates

Reconstitution of the National Council for Salaries – A Step towards Setting a Minimum Salary for Private Sector Employees

January 3, 2021
The National Council for Salaries (the “Council”) was first constituted in 2003 in accordance with Article (34) of the Egyptian Labor Law No. 12/2003. The Council is competent to determine the minimum salaries and t...

Riad & Riad represents the Italian energy group Eni in the significant deal to reopen Egypt’s Dammietta LNG plant

January 2, 2021
Riad & Riad represents the Italian energy group Eni in the significant deal reached with Spanish gas firm Naturgy and Egyptian partners to resolve disputes over Damietta liquefaction plant in Egypt. The agreements r...

Riad & Riad won a claim against the Egyptian Notary Public for the refund of unduly collected notarization fees

December 28, 2020
Riad & Riad has successfully represented a leading multinational food manufacturing company in connection with a claim against the Egyptian Notary Public Authority for the refund of unduly collected Notarization Fee...

Egypt – New Law Regulating Advertisement in Public Roads

December 26, 2020
Introduction A new law is issued in Egypt regulating the Advertisements on Public Roads (the “Law”). The Law comes under No. 208 for 2020 and comes into effective as of 2 December 2020.

Egypt’s New Unified Tax Procedures Law

December 26, 2020
On 19 October 2020, the Unified Tax Procedures Law No. 206 of 2020 (the “Law”) was issued to introduce unified tax procedures or assessment and collection of the direct and indirect taxes. The Law also establishes t...

Egypt– New Approval Required for Government Contracts and Arbitration Agreements

December 26, 2020
The Prime Ministerial issued Decree 2592 of 2020 (“Decree”) to prohibit all governmental entities and state-owned companies from concluding any contract with a foreign investor or agreeing to arbitrate without first...

مطلوب محامي مقبول أمام محاكم الاستئناف

October 26, 2020
يعلن مكتب رياض ورياض للمحاماة والاستشارات القانونية عن حاجته لمحامِ مقيد أمام محاكم الاستئناف.

New point-based residency system for investors

October 14, 2020
On the 1st of October 2020, the General Authority for Foreign Investment in Egypt (“GAFI”) issued important rules adopting new “points-based” system for the issuance of residence permits for foreign investors (for u...

Amendment to Stamp Duty and the Capital Gains Tax on Sale of Shares and Dividends Tax

October 14, 2020
Law No. 199/2020 was issued on 30 September 2020 to amend the stamp duty and the capital gain tax on sale of shares as well as the dividends tax. The law is effective as of the 1st of October 2020.
food additives new rules

New Rules for Food Additives

October 14, 2020
National Food Safety Authority (“NFSA”) issued on September 2020 its Decree No. 4/2020 regarding food additives accepted for use by the food industry (the “Regulations”)