Egypt’s GAFI introduces periodical earnings reporting to freezone companies

The General Authority for Freezones and Investments (GAFI) has made it mandatory for companies operating in freezones to present copies of their financial statements during the first quarter of every fiscal year, GAFI head Mohsen Adel said. The companies are required to submit the statements, with accompanying notes and disclosures, to officials from GAFI and the finance and investment ministries.