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”)


October 5, 2020
Legal Updates

Hydrogen Projects

October 4, 2020
Riad & Riad has delightedly contributed to CMS Expert Guide to Hydrogen – The Promise of Hydrogen: An International Guide by authoring the Egyptian chapter.

New Licensing Requirement for Food Importation in Egypt

October 4, 2020
The National Food Safety Authority (“NFSA”) issued Decree No. 6/2020 (the “Decree”) to regulate importation of food in Egypt and ensure safety and quality thereof.

Merger Fee on Solar Net-metering

October 4, 2020
The Egyptian Electricity Utility and Consumer Protection Regulatory Agency (EgyptERA) announced that it will apply a ‘merger fee’ to net-metered solar systems. The fee will be EGP 0.10-0.40/kWh on net-metered solar...


August 19, 2020
Legal Updates

Is Egypt Adopting a New Approach of “Furloughs” and “Involuntary Temporary Leaves”?

August 19, 2020
A collective bargaining agreement (“CBA”) was concluded in Egypt last June between a group of companies including Schlumberger Logelco, Dowell Schlumberger ME, MI Overseas, WesternGeco and others (the “Companies”) a...

New Law in Egypt Mandating 1% Salary Tax to Contain Adverse Consequences of COVID-19

August 19, 2020
A new law was on 13 August 2020 under no. 170/2020 deciding solidarity contribution obligation on private and public sector employees and managers to face the adverse economic consequences of pandemics and natural d...

Egypt New Personal Data Protection Law

July 18, 2020
A new law No. 151 for 2020 is issued in Egypt on 15 July 2020 to regulate Personal Data Protection (the “Data Protection Law” or the “Law”). The Law is modeled to a large extent on the EU General Data Protection Reg...


July 13, 2020
Legal Updates

Egypt imposes entry visa fees on GCC citizens

July 13, 2020
The Egyptian Minister of Interior issued Decree No. 951/2020 to impose entry visa fees on citizens of the Gulf Cooperation Council (GCC) countries (Saudi Arabia, United Arab Emirates, Kuwait, Bahrain and The Sultana...

E-Learning in Public Universities

July 13, 2020
In the light of the precautionary measures adopted by the Egyptian government to combat the spread of COVID-19 pandemic, the Egyptian Prime Minister issued Decree No.1200/2020 to allow public universities to teach t...

Extension of the tax reduction incentive for further three years

July 13, 2020
The Egyptian Cabinet of Ministers extended the period during which eligible investment projects can benefit from the tax reduction system under the Investment Law No. 72/2017 (“Investment Law”) from 3 years to 6 yea...

Egypt exempts tourists on direct flights to touristic cities from visa fees

July 13, 2020
The Egyptian Minister of Interior issued Decree No. 945/2020 to exempt tourists on direct flights to touristic cities, Luxor, Sharm Elsheikh and Hurghada, from entry visa fees until the end of October 31 of 2020.

Egypt Sets Waste-to-Energy Tariff

June 24, 2020
The Egyptian Cabinet has approved the Waste-to-Energy tariff at EGP 1.4/Kwh. The approval was issued by virtue of Decree no. 41 of 2019 (the "Decree"). Such tariff shall be applicable until reaching the maximum cont...

Egypt Court Annuls Award against Libya on the Substantive Ground of Fundamental Error of Law

June 17, 2020
In a ‘ground-breaking’ precedential decision, the Cairo Court of Appeal in Egypt ruled that it can review an arbitral award for fundamental errors of law that amount to a violation of public policy or equity and jus...

New Net Metering Rules in Egypt

June 17, 2020
On 28 April 2020, the Egyptian Electricity Utility and Consumer Protection regulatory Agency ("EgyptERA**") issued Decree no. 2 of 2020 (the “Decree”) setting out the new rules for net metering. This Decree is effec...

What to do if an employee is infected with COVID-19?

June 17, 2020
Report to the authorities If one of your employee is diagnosed with COVID-19 or exposed to someone with COVID-19, you, as the employer, or the responsible manager of the entity, is required to report the case to the...

Riad & Riad advises and represents Haier Electric on its joint venture with Raya to establish home appliances factory in Egypt

June 14, 2020
Riad & Riad has advised and represented Haier ­Group, the Chinese multinational home appliances and electric company on its joint venture with Raya Group for the establishment of home appliance manufacturing project...

العودة الآمنة إلي العمل – قواعد ارشادية لمنظمة العمل الدولية للوقاية من فيروس كورونا

June 14, 2020
أصدرت منظمة العمل الدولية في شهر مايو 2020 دليل استرشادي إلى أصحاب الأعمال بشأن الوقاية من فيروس كورونا وذلك مع الاتجاه العام نحو عودة الحياة تدريجيا إلي طبيعتها مع الالتزام بالتدابير الاحترازية اللازمة لمنع انتشار...

New Financial Relief Measures in Response to COVID-19 – Egypt

May 11, 2020
A new law is issued in Egypt authorizing the Cabinet of Ministers to take a number of financial relief measures to mitigate the implications of COVID-19 on the most affected business sectors. The law is issued under...

COVID 19 – Electronic Signatures Admissibility in Egypt

May 7, 2020
It is expected that electronic signature will be increasingly used in the awake of the COVID-19 pandemic and the resulted social distancing measures imposed by governments and implemented by the different entities....