{"id":624422,"date":"2018-09-09T04:11:21","date_gmt":"2018-09-09T04:11:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/gafi-issues-new-guidelines-for-voluntary-liquidation-of-companies\/"},"modified":"2018-09-09T04:11:21","modified_gmt":"2018-09-09T04:11:21","slug":"gafi-issues-new-guidelines-for-voluntary-liquidation-of-companies","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/gafi-issues-new-guidelines-for-voluntary-liquidation-of-companies\/","title":{"rendered":"GAFI issues new guidelines for voluntary liquidation of companies"},"content":{"rendered":"

<\/a> **#8 REGULATION WATCH- GAFI issues new guidelines for voluntary liquidation of companies:<\/strong> The General Authority for Freezones and Investment (GAFI) issued on Thursday new guidelines for companies looking to voluntarily liquidate, Al Mal reports<\/a>. Companies looking to liquidate must present GAFI with an official memo indicating the liquidation has been approved by its owner, partners, or EGM in order to receive GAFI\u2019s legal approval. Government bodies, including the tax and customs authorities will be required to indicate whether the company has any outstanding dues within 120 days of receiving its paperwork. Liquidating companies will also be required to publish in a \u201cwidely circulated\u201d newspaper an announcement of its plans and timeline for the process and liquidating distribution within a week of receiving approval to begin the process. Liquidated companies will be required to submit a report on their final balance sheet at the end of the process. The Bankruptcy Act, which the House of Representatives had approved in January<\/a>, aims to cut the liquidation period for companies to nine months, instead of a previous average of more than two years.<\/p>\n","protected":false},"excerpt":{"rendered":"

**#8 REGULATION WATCH- GAFI issues new guidelines for voluntary liquidation of companies: The General Authority for Freezones and Investment (GAFI) issued on Thursday new guidelines for companies looking to voluntarily liquidate, Al Mal reports. Companies looking to liquidate must present GAFI with an official memo indicating the liquidation has been approved by its owner, partners, […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-624422","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"9a8efa6d-4f20-41cf-86aa-d5204f164053","order":"0","is_powered_by":true,"section_story_id":"bead160b-52a9-498b-b21e-a39ec7c49de3","story_type":"1","photo_url":"","photo_position":"above","related_issue":[624410],"teaser":"","voice_url":""},"yoast_head":"\nGAFI issues new guidelines for voluntary liquidation of companies - 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\/2018\/09\/09\/gafi-issues-new-guidelines-for-voluntary-liquidation-of-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GAFI issues new guidelines for voluntary liquidation of companies\" \/>\n<meta property=\"og:description\" content=\"**#8 REGULATION WATCH- GAFI issues new guidelines for voluntary liquidation of companies: The General Authority for Freezones and Investment (GAFI) issued on Thursday new guidelines for companies looking to voluntarily liquidate, Al Mal reports. Companies looking to liquidate must present GAFI with an official memo indicating the liquidation has been approved by its owner, partners, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/gafi-issues-new-guidelines-for-voluntary-liquidation-of-companies\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-09T04:11:21+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\/2018\/09\/09\/gafi-issues-new-guidelines-for-voluntary-liquidation-of-companies\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/gafi-issues-new-guidelines-for-voluntary-liquidation-of-companies\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"GAFI issues new guidelines for voluntary liquidation of companies\",\"datePublished\":\"2018-09-09T04:11:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/gafi-issues-new-guidelines-for-voluntary-liquidation-of-companies\/\"},\"wordCount\":188,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/gafi-issues-new-guidelines-for-voluntary-liquidation-of-companies\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/gafi-issues-new-guidelines-for-voluntary-liquidation-of-companies\/\",\"name\":\"GAFI issues new guidelines for voluntary liquidation of companies - 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These procedures include obtaining approval from the company\u2019s general assembly with FRA sign off, and an approval from\u2026","rel":"","context":"In "Legislation + Policy"","block_context":{"text":"Legislation + Policy","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-policy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597311,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/gafi-to-ensure-companies-stick-to-target-export-mix-eases-work-and-residency-permit-procedures\/","url_meta":{"origin":624422,"position":3},"title":"GAFI to ensure companies stick to target export mix, eases work and residency permit procedures","author":"enterpriseam admin","date":"22 July 2019","format":false,"excerpt":"REGULATION WATCH- Freezone companies need to stick to target export mix: The General Authority for Investment (GAFI) has commissioned a working group to perform quarterly audits of companies under its supervision to ensure they are maintaining a certain ratio of domestic to international sales, the authority said in a statement.\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":602326,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/25\/gafi-issues-regs-for-plot-and-property-allocations\/","url_meta":{"origin":624422,"position":4},"title":"Gafi issues regs for plot and property allocations","author":"enterpriseam admin","date":"25 March 2019","format":false,"excerpt":"REGULATION WATCH- GAFI has new rules on how it allocates land to new projects, Al Mal reports. 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