Bill that would regulate Egypt’s retail industry making its way through the House of Representatives

LEGISLATION WATCH- Retailers and restaurant owners beware: You will soon face new regulations and licensing requirements. The House of Representatives’ general assembly has given a preliminary nod to the content and naming of the Madbouly government’s proposed Retail Stores Bill, Youm7 reports

The bill includes new regs and a grace period for unlicensed businesses to get their acts together. The proposed bill outlines licensing requirements, imposes conditions on the opening or change in location of a store, sets out insurance requirements, outlines inspection regulations, and would impose new regulations for restaurants and other F&B outlets. The bill allows currently unlicensed stores one yearto apply for a commercial license. Military-owned outlets would be exempt from the law.