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Policies, Laws and Regulations

  The Ministry of Trade and Industry of Egypt is the competent department for foreign trade. The ministry has subordinated organizations such as General Authority for Import and Export Control, General Authority for Industrial Development, General Authority for Expo and Conference, General Authority for Standard and Quality, Official of Commercial Representative, Export Promotion Center, Trade Agreement Bureau, Export Promotion Bank, Foreign Trade Training Center and etc.

  Currently, the main laws for foreign trade management include Laws on Import and Export issued in 1975, Customs Law issued in 1963 and Trade Law issued in 1999. In 2005, Egypt revised Laws on Import and Export and Customs Law and issued Enforcement Regulations for Laws on Import and Export. In 2002, Egypt issued Export Promotion Law. In 1995, Egypt became a member of WTO and has followed the relevant regulations and promises of the organization.

  Egypt’s main administration authority for investment is the Ministry of Investment and its subordinated General Authority for Industry and Free Zones. The authority directly reports to the premier and manages the foreign investment projects and the free zone generally. In details, it is responsible for preparing and revising Investment Law, improving investment environment, approval of foreign investment project, management and consultation service, external propaganda and etc. The headquarter is located in Cairo, with branches in each governorate or city.

  The Company Law issued in 1981 and its detailed rules for implementation, Investment Protection and Encouragement Law issued in 1997 and its implementation rules, Special Economic Zone Law issued in 2002 and its implementation rules are main investment management laws in Egypt. The Company Law is applicable to all investment; Investment Protection and Encouragement Law is applicable to domestic and foreign investment in specific industries and sections, which encourages foreign and domestic investment in Egypt; the Special Economic Zone Law allows to build up export-oriented special economic zone for carrying out industrial, agricultural and other service activities. Other codified laws closely relevant with investment include Decisions on Return of Customs Dues and Sales Tax for Reexport of Foreign Commodities issued in 2005, Decisions on Implementing Customs Declaration Measures for Those Arriving at Egypt or Leaving Egypt issued in 2007 and etc. After June 2014 when Sisi assumed the office of the President, Egypt government revised laws relevant with investment. In March 2015, the new investment law was issued.

  The tax system of Egypt is sound and the tax rates are relatively simple, the major tax categories of Egypt include individual income tax, company profit tax, house property tax, development tax, tariff, sales tax, stamp tax, social security fee and etc. The laws on tax collection of Egypt mainly include Law on Income Tax, No.91 Law issued in 2005, No.11 Act of Business Tax issued in 1991 and No.196 Real Estate Law issued in 2008. Egypt has signed the tax agreements with 51 countries.

  Egypt has 4 kinds of zones for investment, i.e. industrial zone, new city zone, special zone and free zone. The main difference of policy is in tax collection. The SEZ is established according to No.83 Law issued in 2002. The Northwest Special Economic Zone of Gulf of Suez is the sole special economic zone in Egypt at the present. It is near to the Ain Sokhna port at south estuary of Suez Canal. It is 45km to the south of Suez City. The area of the special economic zone is 20KM2. Enterprises established in the special economic zone can enjoy multiple preferential treatments. China-Egypt TEDA Suez Economic and Trade Cooperation Zone is a national oversea economic and trade cooperation zone guided by Ministry of Commerce of the PRC and propelled by Tianjin Municipal Government. It enjoys the treatment for special economic zone.

 
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