{"id":598086,"date":"2019-05-14T03:31:39","date_gmt":"2019-05-14T03:31:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/14\/egypts-investment-act-amendments-get-committee-level-approval\/"},"modified":"2019-05-14T03:31:39","modified_gmt":"2019-05-14T03:31:39","slug":"egypts-investment-act-amendments-get-committee-level-approval","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/14\/egypts-investment-act-amendments-get-committee-level-approval\/","title":{"rendered":"Egypt\u2019s Investment Act amendments get committee-level approval"},"content":{"rendered":"

<\/a> LEGISLATION WATCH- Companies looking to do follow-on investment could qualify for the same incentives as a new project:<\/b> The House Economic Committee has greenlit amendments to the Investment Act approved by cabinet in March<\/a>, Investment Minister Sahar Nasr said, according to Al Masry Al Youm<\/a>. The changes would add a clause to Article 12 making certain expansions at existing companies eligible for incentives granted under the law. Amendments to Article 48 of the law would cap notary fees on contracts worth up to EGP 10,000 in a bid to lower costs for investors. The proposed amendments will now head for a final vote in the House general assembly ahead of being signed into law by President Abdel Fattah El Sisi.<\/p>\n

New Investment Ministry committee to advocate good morals in governance: <\/b>The House committee has also approved a separate draft law to promote stronger moral values in company governance, Nasr told the newspaper<\/a>. The draft would set up a permanent Investment Ministry committee to promote \u201cfair-mindedness, transparency, and excellence.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

LEGISLATION WATCH- Companies looking to do follow-on investment could qualify for the same incentives as a new project: The House Economic Committee has greenlit amendments to the Investment Act approved by cabinet in March, Investment Minister Sahar Nasr said, according to Al Masry Al Youm. The changes would add a clause to Article 12 making […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,1377,180,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-598086","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-investment-act","tag-legislation","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"7b400b53-7ab6-4b1e-8c18-42ca67c81296","is_powered_by":true,"section_story_id":"2d7832a7-3a74-4785-8947-95b033022af3","story_type":"1","photo_url":"","photo_position":"above","related_issue":[598076],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s Investment Act amendments get committee-level approval - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/14\/egypts-investment-act-amendments-get-committee-level-approval\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s Investment Act amendments get committee-level approval\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- Companies looking to do follow-on investment could qualify for the same incentives as a new project: The House Economic Committee has greenlit amendments to the Investment Act approved by cabinet in March, Investment Minister Sahar Nasr said, according to Al Masry Al Youm. The changes would add a clause to Article 12 making […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/14\/egypts-investment-act-amendments-get-committee-level-approval\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-14T03:31:39+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/14\/egypts-investment-act-amendments-get-committee-level-approval\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/14\/egypts-investment-act-amendments-get-committee-level-approval\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s Investment Act amendments get committee-level approval\",\"datePublished\":\"2019-05-14T03:31:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/14\/egypts-investment-act-amendments-get-committee-level-approval\/\"},\"wordCount\":173,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Investment Act\",\"legislation\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/14\/egypts-investment-act-amendments-get-committee-level-approval\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/14\/egypts-investment-act-amendments-get-committee-level-approval\/\",\"name\":\"Egypt\u2019s Investment Act amendments get committee-level approval - 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Amendments to the Investment Act that aim to extend incentives to\u00a0existing projects got a final nod at the House general assembly\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/662.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":635786,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/13\/house-economics-committee-looks-into-companies-act\/","url_meta":{"origin":598086,"position":1},"title":"House Economics Committee looks into Companies Act","author":"enterpriseam admin","date":"13 December 2017","format":false,"excerpt":"LEGISLATION WATCH- The House of Representatives\u2019 Economic Affairs Committee has started looking into amendments to the Companies Act, Ahram Gate reports. While the most visible change to the law seems to be allowing the establishment of sole proprietorship companies, the law also includes amendments to corporate governance regulations. 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The measures will also expedite\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":627498,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/04\/amendments-to-customs-act-now-with-house-committee-package-includes-incentives-white-list-of-importers-crackdown-on-tourism-car-rentals\/","url_meta":{"origin":598086,"position":3},"title":"Amendments to Customs Act now with House committee; package includes incentives, white list of importers, crackdown on tourism car rentals","author":"enterpriseam admin","date":"4 June 2018","format":false,"excerpt":"LEGISLATION WATCH- Potential amendments to the Customs Act are now with the Planning and Budget Committee for discussion, Al Mal reports, after the House voted to send the bill to committee. 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