Conditions for obtaining a golden license to set up a project

Prime Minister Dr. Mostafa Madbouly issued 13 golden licensesToday.

Dr. Madbouly said that within the framework of the state's drive to advance the economy and encourage the private sector to increase its contribution to economic growth, there was a tendency to speed up the golden licensing procedures, and 9 golden licenses have already been approved.

Madbouly explained that of the 13 licenses that were approved, 4 companies obtained the initial approval, and 9 companies obtained the golden license during the past month.

  The most important information about golden licenses:

The activities of the projects that obtained the initial approval varied between logistics services, hospitality, manufacturing and packaging of vaccines and human and veterinary serums, and the manufacture and production of car filters.

There are 3 areas that will be awarded the golden license: green hydrogen, electric vehicle manufacturing and infrastructure, seawater desalination projects and renewable energy.

What is the golden license?

 In May 2022, the Prime Minister announced the activation of the golden licence.

 • The golden license is issued by the General Authority for Investment.

 • The golden license is for strategic or national projects that aim to develop the country.

This license is for the private sector working in the field of public utilities and infrastructure activities.

 • Under the golden license, the investor obtains one approval to establish, operate and manage the project, licenses to build the project and allocate the necessary facilities for it.

Conditions for obtaining a golden license

 1- To take the form of a joint-stock company or a limited liability company

 2- The issued capital of the joint-stock companies and the capital of the limited liability company shall not be less than 20% of the investment costs of the project.

 3- Commitment to provide proof of financial solvency for the implementation of the project.

 4- The company must be incorporated at a date later than the date of entry into force of the Investment Law.

 5- To be committed to submitting an initial feasibility study for the project prepared by one of the licensed national or international expert houses with a good reputation.

 6- To be committed to providing a timetable for the implementation of the project.

7- To submit a declaration of commitment to provide all private facilities in the infrastructure (roads - water - sewage - electricity - communications - waste treatment).

8- To submit an acknowledgment of compliance with all requirements and controls related to the company's activity in accordance with the laws and regulations regulating it.

 It is noteworthy that the Council of Ministers launched today a link on its website, to receive applications from investors wishing to obtain the "Golden License", which was launched by the government to facilitate the issuance and operation of project licenses, especially those operating in the field of industry, and the application link .