Full guide to invest in Egypt No doubt that Egypt is recognized as an attractive market to invest in, thanks to its unique mix of demographics and commercial links to the broader world, strategic location at the gateway oftrade and commerce for Southern Europe as well as Africa and the Middle East position and...
Central Bank Issues Digital Banks Licensing and Supervision Rules To complement the country’s efforts to support innovation and transformation of the digital economy, the Central Bank has issued the rules for licensing, registering and supervising digital banks, which represents an important step to keep pace with global developments in the fintech industry and meet...
Authorization License of Commercial Agency, Mediation, and Real Estate Brokerage Entities and Companies In Egypt Firstly, registration in the registry of commercial agents: The commercial agent is any natural person [or juristic] who ordinarily offers bids, concludes purchase, sale, or lease, and renders services in his name and for the account of the producers, merchants,...
Rules Determining Tax Domicile in UAE On 2 September 2022, The Cabinet issued Decree No. (85) of 2022 regarding requirements and conditions concerning who shall be treated as a resident and an eligible taxpayer in the territory. And it shall enter into force on 1 March 2023. Thus, it stipulates that the juristic person shall...
Law of Criminal Procedures in UAE Decree of Federal Law No. 38 of 2022 on Criminal Procedure in the UAE was promulgated to revoke Federal Law No. 35 of 1992 by promulgating the Law of Criminal Procedure and Federal Law No. 5 of 2017 on the use of remote communication technology in criminal procedures and...
Law Regulating Legal Advocacy and Legal Consultancies Professions Decree of Federal Law No. 34 of 2022 on the Regulation of Legal Advocacy and Legal Consultancies was promulgated with effect from 2 January 2023, revoking the Federal Law No. 23 of 1991 and any provision that contravenes or contradicts the provisions of this new Law. However,...
Law of Regulation and Development of Industry of UAE Decree No. 25 of 2022 regulating Federal Law of Regulation and Development of Industry was issued and its effective date is 02/01/2023, this Law replaces Law No. 1 of 1979 regarding the regulation of industry affairs. This new Law supports the development and regulates the industrial...
Law of Civil Personal Status of UAE On 3 October 2022, a Decree No. 41 of 2022 regarding Federal Law of Civil Personal Status was issued to regulate personal matters of Non-Muslims in UAE whether citizens or foreigners as long as they did not uphold on applying their laws, and it is in matters of...
Law of Familial Companies in UAE In view of the Emirati Legislator’s desire to strengthen the role of familial companies in economic growth in the country, the new Law was promulgated by Decree No. 37 of 2022, on 3 October 2022, to revoke any provision that contravenes or conflicts with the provisions of this Federal...
Law of Tax Procedures in UAE Decree No. (28) of 2022 was issued on 30 Sept 2022, regarding the revocation of Federal Law No. (7) of 2017 and issuing new Tax Procedures Law, entering into effect on 1 Mar 2023. The first chapter of the new Law is concerned with the definitions, objectives, and its...
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