Procedures for release a tax lein in 2024 Per Executive Instructions No. (10) of 2024 issued by the Head of the Tax Authority and further to Executive Instructions No. (21) and (28) of 2023 concerning the mechanisms for lifting the seizures, The Tax Authority decided to extend the implementation of Executive Instructions No. (28) of...
Financial Technology companies practicing non-banking finance activities The establishment of Fintech companies practicing non-banking finance activities is an important path in the modern business world, as the technological sector is witnessing rapid growth and radical changes in the way financial services are provided. This type of company is characterized by employing modern technology, such as...
Incentives for Green Hydrogen and Its Derivatives Production Projects Law No. 2 of 2024, approved a comprehensive package of incentives, exemptions, and guarantees for projects to produce green hydrogen and its derivatives and their expansions. The most important of these incentives is a cash investment incentive called the “Green Hydrogen Incentive.” The enjoyment of these...
The Premium Residencyin Saudi Arabia The Center also announced the launch of 5 new Premium Residency products, including Special Talent, Gifted, Investor, Entrepreneur, and Real Estate Owner. The Premium Residency Center was founded in January 2019, per the Council of Ministers’ resolution, to draw in highly skilled individuals and investors to contribute to Saudi...
The Cairo Regional Centre for International Commercial Arbitration Rules 2024 On 15 January 2024, the Cairo Regional Centre for International Commercial Arbitration Rules will enter into force based on UNCITRAL Arbitration Rules as amended in 2010, 2013, and 2021 to be compatible with institutional arbitration frameworks and the results of the Centre’s decades of...
Regulation of residence of foreigners in Egypt Egypt grants residence permits to foreigners on its territory for various reasons and different periods of residence starting from one month to ten years. The types of foreigners’ residences in Egypt are numerous and their respective requirements vary. The Director of General Administration of Passports, immigration, and...
UAE Arbitration Law updates The United Arab Emirates recently published a new Federal decree-law No. 15 of 2023. Amending provisions of Federal Arbitration Act No. 6 of 2018. The amendment introduced some important changes to the arbitration system in the United Arab Emirates, with the aim of enhancing its efficiency, flexibility, and attractiveness to...
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,...
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