{"id":628051,"date":"2018-06-24T04:29:36","date_gmt":"2018-06-24T04:29:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/house-approves-leasing-and-factoring-act\/"},"modified":"2018-06-24T04:29:36","modified_gmt":"2018-06-24T04:29:36","slug":"house-approves-leasing-and-factoring-act","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/house-approves-leasing-and-factoring-act\/","title":{"rendered":"House approves Leasing and Factoring Act"},"content":{"rendered":"

<\/a> LEGISLATION WATCH- House approves Leasing and Factoring Act:<\/strong> The House of Representatives gave its final approval to the Leasing and Factoring Act during a plenary session yesterday, Al Masry Al Youm reports<\/a>. The law, which regulates leasing and factoring as non-banking financing tools that are subject to oversight by the Financial Regulatory Authority (FRA), limits players in the field to leasing and factoring upon establishment, leaving further expansion to FRA approval. We have yet to see the full text of the law in its final form. Investment Minister Sahar Nasr said the law will be good for SMEs and entrepreneurs<\/strong>, according to a ministry statement (pdf)<\/a>.<\/p>\n

House Speaker Ali Abdel Aal also referred the draft Anti-Terror Act<\/strong> to a subcommittee bringing together members of the constitution, defense and national security committees, according to the newspaper<\/a>. The House also gave the green light to an extradition treaty with Belarus<\/strong>, which was signed in January<\/a>, Ahram Gate reports<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

LEGISLATION WATCH- House approves Leasing and Factoring Act: The House of Representatives gave its final approval to the Leasing and Factoring Act during a plenary session yesterday, Al Masry Al Youm reports. The law, which regulates leasing and factoring as non-banking financing tools that are subject to oversight by the Financial Regulatory Authority (FRA), limits […]<\/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-628051","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"7426a62f-57b9-4e95-b64f-2f0f6d20c0d8","order":"0","is_powered_by":true,"section_story_id":"df65e825-450f-4737-aef8-9552c08bf292","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628029],"teaser":"","voice_url":""},"yoast_head":"\nHouse approves Leasing and Factoring Act - 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\/06\/24\/house-approves-leasing-and-factoring-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House approves Leasing and Factoring Act\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- House approves Leasing and Factoring Act: The House of Representatives gave its final approval to the Leasing and Factoring Act during a plenary session yesterday, Al Masry Al Youm reports. 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Under\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":642891,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/24\/cabinet-approves-leasing-and-factoring-act-nile-traffic-bill-and-others-during-weekly-meeting\/","url_meta":{"origin":628051,"position":1},"title":"Cabinet approves Leasing and Factoring Act, Nile traffic bill, and others during weekly meeting","author":"enterpriseam admin","date":"24 August 2017","format":false,"excerpt":"The Ismail government signed off yesterday on the amended Leasing and Factoring Act that the Egyptian Financial Supervisory Authority had drafted in April, according to a Cabinet statement. The bill, which will now be passed to the Council of State (Maglis Al Dawla) for review, adds clauses to regulate SME\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":628467,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/06\/parliament-committees-to-discuss-leasing-and-factoring-act-amendments-to-economic-courts-law-today\/","url_meta":{"origin":628051,"position":2},"title":"Parliament committees to discuss Leasing and Factoring Act, amendments to Economic Courts Law today","author":"enterpriseam admin","date":"6 May 2018","format":false,"excerpt":"LEGISLATION WATCH- House committees to discuss Leasing and Factoring Act, amendments to Economic Courts Act today: The House of Representatives\u2019 Economic Committee is discussing today the proposed Leasing and Factoring Act, according to Ahram Gate. The legislation, which the Ismail Cabinet approved last August, sets up a regulatory framework for\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":600363,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/28\/egypts-fra-to-finalize-leasing-and-factoring-act-executive-regs-by-end-march\/","url_meta":{"origin":628051,"position":3},"title":"Egypt\u2019s FRA to finalize Leasing and Factoring Act executive regs by end-March","author":"enterpriseam admin","date":"28 January 2019","format":false,"excerpt":"REGULATION WATCH- FRA to finalize Leasing and Factoring Act regulations by end-March: The Financial Regulatory Authority (FRA) is set to finalize by the end of March the executive regulations for the Leasing and Factoring Act, sources familiar with the matter said. The authority will outline in the coming two months\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":628082,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/leasing-and-factoring-act-to-impose-vat-on-lease-contracts\/","url_meta":{"origin":628051,"position":4},"title":"Leasing and Factoring Act to impose VAT on lease contracts","author":"enterpriseam admin","date":"25 June 2018","format":false,"excerpt":"Meanwhile, the new Leasing and Factoring Act imposes VAT on lease contracts: The Leasing and Factoring Act, which the House of Representatives approved on Saturday, revokes VAT-exempt status previously granted to lease contracts, according to Al Mal. Several leasing companies have come out strongly against the imposition of the tax,\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":631278,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/14\/house-ict-committee-approves-cyber-crimes-act-clause-on-banning-websites\/","url_meta":{"origin":628051,"position":5},"title":"House ICT Committee approves Cyber Crimes Act clause on banning websites","author":"enterpriseam admin","date":"14 March 2018","format":false,"excerpt":"LEGISLATION WATCH- The House of Representatives\u2019 Economics Committee has completed its review of the Leasing Act and plans to bring it to a plenary discussion following the presidential elections this month, Al Mal reports. The legislation, which sets up a regulatory framework for factoring and leasing, had been amended by\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/628051","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=628051"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/628051\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/628029"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=628051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=628051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=628051"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=628051"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=628051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}