{"id":650099,"date":"2017-03-16T04:05:06","date_gmt":"2017-03-16T04:05:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/structure-of-incentives-proposed-under-draft-investment-act-to-change-will-delay-passage-of-the-act-by-at-least-a-month-pm\/"},"modified":"2017-03-16T04:05:06","modified_gmt":"2017-03-16T04:05:06","slug":"structure-of-incentives-proposed-under-draft-investment-act-to-change-will-delay-passage-of-the-act-by-at-least-a-month-pm","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/structure-of-incentives-proposed-under-draft-investment-act-to-change-will-delay-passage-of-the-act-by-at-least-a-month-pm\/","title":{"rendered":"Structure of incentives proposed under draft Investment Act to change, will delay passage of the act by at least a month -PM"},"content":{"rendered":"

<\/a> Structure of incentives proposed under draft Investment Act to change, will delay <\/strong>passage of the act by at least a month: <\/strong>The structure of investment incentives offered under the proposed Investment Act could well change after Prime Minister Sherif Ismail said yesterday that amendments are coming. The changes to the bill, now before the House of Representatives, will be ready in a month\u2019s time, he added, according to Al Masry Al Youm<\/a>. The PM gave no hint as to what the changes might be. The House had been on track to pass the law before the end of this month<\/a>. Ismail\u2019s comments yesterday came after the chair of the House of Representatives\u2019 Economic Committee said on Monday<\/a> that the act might be split into two.<\/p>\n

Khodeir looks to slide in amendments granting GAFI more powers:<\/strong> If media reports are true, it appears General Authority for Free Zones and Investment (GAFI) chief Mohamed Khodeir is tussling with the House Economics Committee looking to widen GAFI\u2019s powers. According to Ahram Gate<\/a>, Khodeir wants to amend clauses in the draft Investment Act that allow GAFI to suspend or revoke free zone licenses without requiring a verdict from the courts, something MPs are vehemently against, apparently. It\u2019s hard for us to believe we\u2019re saying this, but good on them.<\/p>\n","protected":false},"excerpt":{"rendered":"

Structure of incentives proposed under draft Investment Act to change, will delay passage of the act by at least a month: The structure of investment incentives offered under the proposed Investment Act could well change after Prime Minister Sherif Ismail said yesterday that amendments are coming. The changes to the bill, now before the House […]<\/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-650099","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"cdd649b3-5bfe-40a9-a9ee-f0ce6dbc55ac","order":"0","is_powered_by":true,"section_story_id":"a8ae28c1-98d8-4f8f-b283-4c228bbc614c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[650088],"teaser":"","voice_url":""},"yoast_head":"\nStructure of incentives proposed under draft Investment Act to change, will delay passage of the act by at least a month -PM - 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\/2017\/03\/16\/structure-of-incentives-proposed-under-draft-investment-act-to-change-will-delay-passage-of-the-act-by-at-least-a-month-pm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Structure of incentives proposed under draft Investment Act to change, will delay passage of the act by at least a month -PM\" \/>\n<meta property=\"og:description\" content=\"Structure of incentives proposed under draft Investment Act to change, will delay passage of the act by at least a month: The structure of investment incentives offered under the proposed Investment Act could well change after Prime Minister Sherif Ismail said yesterday that amendments are coming. 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Quelle surprise. The deputy chair of the House of Representatives\u2019 Economics Committee took to the press yesterday to lambast proposed Investment Act. Pouncing like a starving cheetah on the grandstanding rope tossed him by Al Borsa, Amr El Gohary said that the\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":598086,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/14\/egypts-investment-act-amendments-get-committee-level-approval\/","url_meta":{"origin":650099,"position":1},"title":"Egypt\u2019s Investment Act amendments get committee-level approval","author":"enterpriseam admin","date":"14 May 2019","format":false,"excerpt":"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\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":550309,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/23\/cabinet-to-introduce-investment-incentives-for-fx-backed-industrial-projects\/","url_meta":{"origin":650099,"position":2},"title":"Cabinet to introduce investment incentives for FX-backed industrial projects","author":"enterpriseam admin","date":"23 October 2022","format":false,"excerpt":"Tax breaks for FX: Companies that use hard currency to fund at least half of the investment cost of industrial projects in Egypt could be handed generous tax breaks under plans greenlit by ministers last week, cabinet said in a statement Thursday. Under proposed amendments to the 2017 Investment Act,\u2026","rel":"","context":"In "Cabinet watch"","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/302.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567385,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/house-committee-wants-to-expand-tax-incentives-under-smes-act\/","url_meta":{"origin":650099,"position":3},"title":"House committee wants to expand tax incentives under SMEs Act","author":"enterpriseam admin","date":"21 January 2020","format":false,"excerpt":"LEGISLATION WATCH- House committee wants to expand tax incentives under SMEs Act: The House SMEs Committee has sent a proposal to the Finance Ministry to exempt SMEs from all taxes for five years under the draft SMEs Act, committee deputy chair Hala Abou El Saad said. As it currently stands,\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":645812,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/31\/house-economics-committee-set-on-making-changes-to-the-investment-acts-executive-regulations\/","url_meta":{"origin":650099,"position":4},"title":"House Economics Committee set on making changes to the Investment Act\u2019s executive regulations?","author":"enterpriseam admin","date":"31 July 2017","format":false,"excerpt":"The House Economics Committee seems set on making changes to executive regulations of the Investment Act, which it began reviewing yesterday, despite its input not being required at all. MPs want to raise the minimum local manufacturing component requirements to 60% from 50% and minimum export requirement to 40% from\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":647304,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/the-investment-act-has-passed-the-house\/","url_meta":{"origin":650099,"position":5},"title":"The Investment Act has passed the House","author":"enterpriseam admin","date":"8 May 2017","format":false,"excerpt":"At last, we have a new Investment Act: After months of debate and herding of cats, the House of Representatives\u2019 general assembly passed yesterday the Ismail government\u2019s Investment Act in a plenary session, Al Borsa reports. President Abdel Fattah El Sisi still has to sign off on the law and\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\/650099","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=650099"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/650099\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/650088"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=650099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=650099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=650099"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=650099"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=650099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}