Egypt’s Cabinet approved a number of decisions related to facilitating the business environment and providing new facilities to investors and companies who want to obtain the golden license.
These decisions include amending some provisions of the existing executive regulations of the investment law, in order to ease the requirements for companies applying for a golden license. This includes canceling the requirement that the issued capital of the company should not be less than 20% of the investment costs of the project, provided that evidence of financial solvency is presented to implement the project.
The procedures also include easing the requirements for obtaining the license and new investment incentives for companies operating in the engineering services in the automotive industry.
Egypt’s Prime Minister also approved 8 investment projects that applied for the golden license, the cabinet also launched a website to receive applications from companies applying to receive the license.
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