Egypt’s Supreme Council for Investments announces a package of incentives and administrative reforms in a bid to boost investments in the country. They also agreed to amend the articles regulating the golden license to ensure that companies established before the investment law of 2017 may be granted the golden license. To address the difficulty of importing production requirements, a draft decision was approved to amend Law No. Within the framework of efforts to create a stable tax legislative environment, a draft decision was approved to accelerate the release of Egypt’s tax policy document for the next five years. This includes agricultural, industrial, and energy sectors with regard to green hydrogen production, in addition to the housing sector, real estate developers and investment projects in new cities, as well as the transportation sector.

Source: Daily News Egypt May 16, 2023 18:14 UTC