The Investment Law exempts company from stamp tax for 5 years

The Investment Law exempted companies and establishments incorporation contracts, credit facilities and mortgage contracts related to their business from stamp tax and documentation fees, for a period of five years from the date of their registration in the commercial register.

Tax and fees

The law exempted the aforementioned tax and fees from land registration contracts necessary for the establishment of companies and establishments. Companies and establishments subject to the provisions of this law are subject to the provisions of Article 4 of the Customs Exemptions Regulation Law promulgated by Law No. 186 of 1986 regarding the collection of a unified customs tax of 2% two percent of the value. This applies to all imported machinery, equipment and devices necessary for its establishment.

This unified category also applies to all imported by companies and establishments that work in public utility projects, such as machinery, equipment, and devices necessary for their construction or completion.

Investment projects

According to the law, investment projects of an industrial nature subject to the provisions of this law may import moulds, molds and other production requirements of a similar nature without customs duties, in order to use them for a temporary period in the manufacture of their products, and re-export them abroad. Entry and recharge documents in records prepared for this purpose in the Authority, in coordination with the Ministry of Finance.

  $107 billion

The Arab Corporation for Guaranteeing Investment and Export Credit revealed that Egypt was the largest Arab future in terms of value for foreign investment projects in 2022, amounting to $107 billion, according to CNBC Arabia.

According to the annual investment climate report issued by the Kuwait-based corporation, Egypt is the third largest Arab project recipient with 148 projects.

At the same time, Egypt was the second largest Arab recipient of foreign investment inflows last year, with $11.4 billion.

Accordingly, Egypt was the largest Arab beneficiary of employment, with 61,000 jobs.

In terms of Arab growth of inflows, Egypt ranked first, with an increase of 122.6%.

While it was the largest future for intra-Arab investment projects worth 34 billion dollars.