New Investment Law no. 72 of 2017 - foreign direct investment provisions

Country / jurisdiction: Egypt · Year: 2017 · Status: In force · Level: National · Type: Voluntary

Foreign direct investment in renewable energy , petroleum and natural resource, raw material transformation, industrial manufacturing, mass transportation, and electricity generation and distribution activities and projects is subject to liensing in Egypt.

Foreign workforce ceilings apply for those projects and activities. Renewable, electricity generation and distribution projects (to be listed under a decree of the Prime Minister), automotive manufacturing and related supply activities, as well as metallurgical activities can also benefit from a 30% tax reduction on profits  if they export less than 50% of their production, and use at least 50% of local components in their final products.

Official source: https://www.gafi.gov.eg/English/StartaBusiness/Laws-and-Regulations/PublishingImages/Pages/BusinessLaws/law%20no.72.pdf