German Chamber calls for discussing the New Investment law

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Thursday - 14 May 2015 - 12:5 AM

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The German-Arab Chamber of Industry and Commerce invites companies and foreign investors working

 

in the Egyptian market for a Briefing on Egypt’s New Investment Law.

 

 

Dr. Rainer Herret, chief executive officer Pointed out that this new law expands privileges

 

and benefits of investors, introduces new concepts such as the “one-stop-shop” and the criminal liability

 

of the firm, and thoroughly amends land allocation and dispute resolution.

 

It is known that modifications were made by Presidential Decree 17 of 2015, as:

 

- Amend certain provisions of the laws of joint stock companies, companies limited by shares

 

  and limited liability companies of Law 159 of 1981.

 

- The law of Sales Tax Law No 11 of 1991.

 

- The Investment Incentives guarantees Law No. 8 of 1997 and the law of income tax No. 91 of 2005.