Publications

Extension of the Capital Gain Tax Freeze on Listed Securities

July 10, 2017
On 19 June 2017, new amendments were introduced to the Income Tax Law by virtue of Law no. 76 of 2017.

New Stamp Duty Tax on Securities Transactions

July 10, 2017
On 19 June 2017, two new articles no. (83 bis) and (83 bis 1) were added to the Stamp Duty Law by virtue of Law no. 76 of 2017.

Raising Minimum Tax Threshold for Individuals

July 9, 2017
On 21 June 2017, Law no. 82 of 2017 was issued to increase the first bracket exempted from income tax

No More Restrictions on Foreign Currency Transfers

July 6, 2017
On 14 June 2017, the Central Bank of Egypt (“CBE”) issued the long waited decision to remove the restrictions previously imposed on individuals’ transfer of foreign currencies outside Egypt.

Issuing the New Investment Law no. 72 of 2017

July 4, 2017
The new investment law no. 72 of 2017 is ratified and officially published on the 31st of May 2017.

New Executive Regulation for the Importer Registry Law

July 1, 2017
On the 1st of June 2017, the Minister of Trade and Industry has issued the Decree no.846 of 2017 promulgating a new executive regulation for the Importer Registry Law No. 121 of 1982

New Egyptian NGO Law is Issued

June 28, 2017
On 24 May 2017, President Abdel Fattah El-Sisi issued the new law no. 94 of 2017 for Non-Governmental Organization.

New Egyptian Sports Law is Issued

June 15, 2017
On 31 May 2017, the new Sports Law no. 71 of 2017 was issued to regulate the sports’ activities in Egypt (the “Sports Law”).

Egypt’s New Investment Law 2017

June 3, 2017
The new investment law no. 72 of 2017 is ratified and officially published on the 31st of May 2017 (the “Investment Law”). The law comes into effect the next day and it cancels and replaces the Investment Guarantees...

Extending the Notification Period required for Calling General Assembly

May 28, 2017
On 14th May 2017, The Minister of Investment issued Decree no. 94 of 2017 amending the third paragraph of Article 203 of the executive regulation of the Companies Law.

April 2017 Newsletter

May 9, 2017
Legal Updates and Riad&Riad news.

New Law for Simplification of Industrial Licenses

May 7, 2017
The long-waited law on the Simplification of Industrial Licensing Procedures is finally issued on 8 May 2017 by virtue of Law no. 15 of 2017 ("Law"). The Law is a major step toward streamlining the licensing procedu...

R&R is recommended by Legal500 Europe, Middle East and Africa

May 4, 2017
Legal 500 carried out an interview with our partner Dr. Eman Riad to give her insights on how the firm is acting to cope with the changing needs of the legal market in Egypt.

New Chairman and Deputy for the Suez Canal Economic Zone

May 3, 2017
On 29 April 2017, Presidential Decree no. 200 of 2017 was issued to nominate Mohab Mamish as the Chairman of the General Authority for Suez Canal Economic Zone for a period of one year, in replacement of Dr. Ahmed D...

New Executive Regulation of EGY-NADO

May 2, 2017
The Minister of Youth and Sports issued the Decree no. 208 of 2017 promulgating new anti-doping executive regulation for the Egyptian Anti-Doping Organization

Licensing Private Schools between A Complex Legal Framework & Procedural Constraints

May 2, 2017
Education is the key to development of societies and the driver of its progress. Despite efforts by the state to implement reform-oriented educational policies, and the allocation of substantial resources to spendin...

Establishment of the SME Development Authority

May 1, 2017
The Authority is called the ‘Micro, Small and Medium-Sized Projects Development Authority’, and it is affiliated to the Minister of Trade and Industry.

Dr. Fatma Salah Participates in the Education Development Committee formed by the Minister of Education

May 1, 2017
Partner Dr. Fatma Salah has been selected by the Education Support Fund to be a member in the special committee established by the Minister of Education, Dr. Tarek Shawky for reviewing and amending the education-rel...

Amending the Law Regulating Lists of Terrorists

April 30, 2017
Law no. 8 for 2015 Regulating Lists of Terrorists was amended on the 27th of April 2017 to ease the conditions for listing an entity or an individual under the terrorists’ lists and give the public prosecution more...

Substantial Amendments to the Criminal Procedural Law

April 30, 2017
A new law under no. 11 for 2017 was issued on 27 April 2017 to amend the procedures before criminal courts with the aim of accelerating the adjudication process.

R&R Represents Japanese Conglomerate in its Jojoba Oil Project

April 29, 2017
In a first of its kind project in Egypt, Riad & Riad represented a Japanese conglomerate in establishing its organic, high quality Jojoba oil business in Egypt

Egypt New Judicial Authorities Law

April 29, 2017
A law was issued on the 27th of April 2017 under number 13 for 2017 to amend the selection mechanism of the heads of four judicial bodies in Egypt, namely, the Administrative Prosecution Authority, the State Lawsuit...

No more Detention for Bankrupt Persons

April 27, 2017
The Supreme Constitutional Court said that these provisions violate the bankrupt’s right of personal freedom

Retrieval of Expired Drugs

April 26, 2017
The Central Administration for Pharmaceutical Affairs (CAPA) shall suspend the company which refrains from getting back its expired drugs within the said duration.

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