Page 56 - EGYPT - En Vol.4 HD

E gypt
Snapshot of E gypt 54
The most important amendments in Law No. 160 of 2023:

Special Incentives: A percentage ranges from (35% - 55%) for investment projects
engaged in any industrial activity to be determined in accordance with Article (11) as follows:
In accordance with Article (11 bis.), Investment Projects engaged in any industrial activity to
be determined in accordance with this Article shall be granted a cash incentive ranging from
35% up to 55% of the value of the tax paid in the tax declaration on the income generated
from carrying on business in Investment Project or the expansions thereof.

Free Zones: Projects operating in General Incentives: All investment
the field of oil processing; fertilizer projects subject to the provisions
industries; iron and steel; natural of the Investment Law, whether
gas processing, liquidation and established before or after the
transportation; or energy-intensive implementation of its provisions,
industries may, upon the approval enjoy with general incentives, with
of the Supreme Council of Energy, be the exception of projects established
licensed to be set up. under the free zone system.

Golden license: Companies of whatever legal structure existing or incorporated to
launch new investment projects; strategic or national projects contributing to achieving
development in such fields and as per such standards that are to be determined under a
decree of Council of Minister; and partnership projects between the private sector and the
State, the public sector, or the public business sector in the fields of public utilities and
infrastructure; new or renewable energy; roads and transportation; and ports may by a
decree of Council of Ministers be granted a comprehensive approval whereby such projects
could be set up, operated and managed, this approval may include the application of one or
more of the incentives mentioned in the present law to the project, and this approval must
be valid on its own without the need to take any other action.