Egypt’s Pre-Closing Merger Control Regime Enters into Effect

April 16, 2024
Egypt amended its Protection of Competition and Prohibition of Monopolistic Practices Law No. 3 of 2005 (“Competition Law”) on 29 December 2022. The amending law No. 175 of 2022 (“Amendment Law”) introduced the long...

Capital Gain Tax and Stamp Tax on Trading Securities

January 30, 2022
In 2014, the Egyptian Income Tax Law No. 91 for 2005 (“Income Tax Law”) was amended to apply capital gain tax (“CGT”) on the gains realized from the disposal of shares. The tax rate differs depending on the shares b...

Egypt Allows SPAC Listing

November 20, 2021
With the accelerated rise of special purpose acquisition companies (SPACs) over the past years, the Financial Regulatory Authority (FRA) in Egypt has given its green light for the establishment and licensing of SPAC...