Alexandria One Stop Shop

Size: px
Start display at page:

Download "Alexandria One Stop Shop"

Transcription

1 Alexandria One Stop Shop

2

3 Structure of Alexandria OSS Alexandria OSS was developed by the General Authority of Investment and Free Zones (GAFI) in Egypt, based on the GAFI OSS in Cairo to serve three governorates; Alexandria, Beheira and Marsa-Matrouh. Application & Licensing Registration Information Desk and Guidance Governorates / Cities Representations Utilities Representation Representation Offices

4 Scope of Alexandria OSS Services Industrial Zones ¾ Merghem (South) ¾ Merghem (North) ¾ Al Nahda ¾ SEPCO ¾ Agami Small Industries Area ¾ Seven up ¾ Omm- Zegheiw ¾ Al Nassireya ¾ Al Mansheya Al Gadidah ¾ Wadi Al KamarPetrolium Area Industrial Cities ¾ New Borg Al Arab City Industrial Zones Under Constr. Free Zones ¾ Monkar El Hodhod ¾ Alexandria General Free Zone ¾ Kasr Kortaj ¾ New Borg Al Arab Private Free

5 Authorities and Offices represented at Alexandria OSS Commercial Commercial Register Register Notarization Notarization Office Office Investment Investment Tax TaxOffice Office Sales SalesTax Tax Office Office Social SocialInsurance Insurance Office Office Customs Customs Authority Authority Export-Import Export-Import Control Control Lawyers Lawyers Syndicate Syndicate Chambers Chambersofof Commerce Commerce Union Union Occupational Occupational Safety Safety&&Health Health Ministry Ministryofof Agriculture Agriculture Ministry Ministryofof Tourism Tourism Ministry Ministryofof Environment Environment Social SocialDev. Dev. Fund (Credit Fund (Credit unit) unit) Foreigners ForeignersWork Work permit Office permit Office General General Authority Authorityfor for Water Water Egyptian Egyptian Electricity Electricity Company Company Telecom TelecomEgypt Egypt Company Company Gas GasCompany Company Sewage Sewage&& Sludge Sludge Matrouh Matrouh Governorate Governorate Beheira Beheira Governorate Governorate Alexandria Alexandria Governorate Governorate Borg BorgAl-Arab Al-Arab rep. rep. AlAlNobareya Nobareya North NorthCoast Coast

6 Enterprises registered at Alexandria OSS Alexandria Alexandria EL ELBeheira Beheira Matrouh Matrouh

7 Services offered by Alexandria OSS (1/3) 1- company association ( under law no.8 of 1997 & law no. 159 of issue contract amendment decrees / articles of association 3- approval of minutes of board of directors meeting 4- approval of general assembly ordinary / extraordinary meeting minutes 5- post association services for companies / sole proprietorship 6- check of amendment requests association 7- process capital increases / decreases for companies & sole proprietorship 8- approval of import / export invoices 9- issue recommendation letters to custom authority request application of unified tax tariffs 10- assign committees for determining activity startup date for projects related to the oos

8 Services offered by Alexandria OSS (2/3) 11- process liquidation of companies and permission of liquidation 12- issue recommendation related to non- citizen work permits 13- issue recommendation related to passports & immigration visas 14- approval of registering branches for foreign companies / representative offices according to law #159 of addition of administrative centers / show room for products of companies/ sole proprietorship 16- processing companies association and shares of new or existing companies 17- origination of authorized capital or capital increases for joint stock and limited partnership 18- amendment of share value for joint stock and limited partnership 19- shares movement during / after initial two- fiscal years for joint stock and limited partnership 20- determine execution status for projects with regards to 5 years residence or affiliate

9 Services offered by Alexandria OSS (3/3) 21- issue temporary / final licenses ( building / operation ) for investment projects 22- preliminary valuation of assets and liabilities for in-kind sharing 23- exempting contracts from notary and authentication fees 24- sale of capital assets 25- looking into merger application 26- expansion by adding new activities increase of production / services capacity

10 Service time reduced / saved by Alexandria OSS Steps New business establishment: incl. legal affairs, lawyer s syndicate, real estate publicity dept, tax ID, commercial registry) after delegated authority * Tax ID (until final Tax ID, a temporary tax paper is issued to facilitate for investor) Licensing/approvals: Environmental approval (concurrent, four entity committee) Industrial safety approval (concurrent, four entity committee) Civil defense (concurrent, four entity committee) Social security Sales tax registration Foreigner work & residency permit, visa issuance & associated approvals Industrial project approval (Ministry of Industry and Trade) Agricultural project approval (Ministry of Agriculture) Tourism project approval (Ministry of Tourism) Telecom/technology project approval (Ministry of Communications & IT) Pharmaceutical project approval (Ministry of Health) Locating & registering a land parcel and issuance of building permit: Option 1: Inside Alexandria City/Zimam: Amlak Agency Tanzim / District (concurrent, four entity committee) Building permit / District Option 2: New Borg Al Arab City: New Borg Al Arab Authority Land Dept Building Permit / New Borg Al Arab Authority Engineering Dept Land registration (unless if Takhssiss) Utility hook-ups: water supply, sewerage, electricity, industrial Issuance of project activity start decision & notification of tax dept Total (estimated) number of days Num of days (previously) Num of days (currently) ???? days each 5-15 days each 20 7

11 Achievements For the year 2005

12 1. Establishment Establishment of 110 Companies Under Law # 8 (61 companies) Under Law # 159 (49companies) Limited Partnership (17 companies) Joint Stock (39 companies) Joint Liability (13 companies) Limited Liability (10 companies) Sole Ownership # 8 (31 companies) ¾ Amendment of Company Contract (31 companies) ¾ Authorization of Board of Directors Minutes (72 companies) ¾ Authorization of ordinary General Assembly Minutes of Meeting (16 companies) ¾ Authorization of extraordinary General Assembly Minutes of Meeting (15 companies)

13 2. Start up and Licensing ¾ Business / Production Projects Start-up / Commencement Committees (47) ¾ Memos and communications to projects and foreign parties (1,780) ¾ Approval of Import Invoices (2,750) ¾ Approval of Export Invoices (250) ¾ Responding to licensing inquiries (23) 3. Visas and Work Permits Services ¾ Recommendation to issue visas (3) ¾ Recommendation to issue Work permits to foreigners (1) ¾ Recommendation to proceed with start-up procedures while concluding National Security approvals (1) ¾ Recommendation to Security Checks (1) ¾ Issuance of work permits (in progress) (1) ¾ Issuance of Form # 1 Work Permit for Foreigners (8)

14 4. Notarization Services ¾ Signatories (221) ¾ Forms (148) ¾ Commercial Records (722) ¾ Dates (3) ¾ Official Copy Request (16) ¾ Certificate of Signatories (1) 5. Investment Tax Services ¾ Issuance of tax cards (324)

15 6. Commercial Registration Services ¾ Copies of Commercial Register (2238) ¾ Company registration (1112) ¾ Recording (5056) ¾ Renewals (52) ¾ Deletion (7) 7. Chamber of Commerce Services ¾ Issuance of Certificates of activity (21) ¾ Issuance of Certificates of approval (62) ¾ Issuance Exporter Certificate (254)

16 8. Lawyers Syndicate Services ¾ Ratification of Establishment Contracts (57) ¾ Ratification of Contract Amendments (15) 9. Customs Services ¾ Responses to related inquiries (675) ¾ Issues presented (54) ¾ Review of Customs applicants forms (15) 10. Sales Tax Services ¾ Registration of companies (8) ¾ Responses to inquiries and complaints (21) ¾ Notifications to investors (35)

17 11. Occupational Safety & Health Office Services ¾ Review of safety precautions (211) ¾ Awareness workshops (14) 12. Environmental Affairs Services ¾ Primary environmental approvals (12) ¾ Final environmental approvals (4) ¾ Inquiries and complaints (18)

18 13. Social Security Services ¾ Form # S1 (2708) ¾ Form # S6 (1471) ¾ New subscriptions (20) ¾ Cards inquiries (173) ¾ Medical insurance inquiries (629) ¾ Insurance Number registration and inquiries (482) ¾ Registration of period purchase (31) ¾ Registration of forms (847) ¾ Registration of insurance certificates (17) ¾ Checks and Port entry permits (121) ¾ Registration of dates

19 Objectives of Alexandria OSS (2006) Complete the representation of the missing authorities / offices at GAFI Capital Capital Market Market Authority Authority Commercial Commercial Syndicate Syndicate Fire Fire&&Civil Civil Defense Defense Immigration & Immigration & Nationality Nationality Activate and streamline the Licensing services at the OSS (IFC) Promote the improved investment climate (Alexandria Beheira - MarsaMatrouh) Leverage the Alexandria OSS efficiency following Cairo model (IFC) Increase (add) more services example (land cataloguing) Advance customs clearance

Case Studies in Governance and Public Management in the Middle East and North Africa

Case Studies in Governance and Public Management in the Middle East and North Africa 2007-2 World Bank Dubai School of Government Case Studies in Governance and Public Management in the Middle East and North Africa The Cairo One-Stop Shop (B) This case is for educational purposes only.

More information

Egypt enacts new investment law to promote foreign investments

Egypt enacts new investment law to promote foreign investments 27 July 2017 Global Tax Alert Egypt enacts new investment law to promote foreign investments EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your

More information

A copublication of The World Bank and the International Finance Corporation.

A copublication of The World Bank and the International Finance Corporation. Egypt, Arab Rep. 2010 The International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington, DC 20433 Telephone 202-473-1000 Internet www.worldbank.org All rights reserved.

More information

doing business in egypt

doing business in egypt doing business in egypt 2018 TABLE OF CONTENTS 1 GETTING TO KNOW EGYPT 2 LEGAL ASPECTS - Main types of companies - Company incorporations steps & costs - Other channels of Foreign investment 3 LABOUR ASPECTS

More information

Total Capital Constant Capital :.. Variable Capital : Authenticated Loans Volume :. Capital Possession :

Total Capital Constant Capital :.. Variable Capital : Authenticated Loans Volume :. Capital Possession : Application to Benefit from Law on the Encouragement of Investment in Palestine Law No. [1] of 1998 and its Amendments Name of Investor / Company:.. I.D. Card No. Passport No.:.. Date of Application Submission:

More information

Economy Profile 2015 Egypt, Arab Rep.

Economy Profile 2015 Egypt, Arab Rep. Public Disclosure Authorized 91996 Public Disclosure Authorized Economy Profile 2015 Public Disclosure Authorized Public Disclosure Authorized 2 2014 The International Bank for Reconstruction and Development

More information

Egypt, Arab Rep. Economy Profile: Public Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized

Egypt, Arab Rep. Economy Profile: Public Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Economy Profile: 2012 The International Bank for Reconstruction and Development / The

More information

BUSINESS INFORMATION SERIES Vol.I No. 1 STARTING A BUSINESS IN DUBAI. Dubai Business Guide Operations

BUSINESS INFORMATION SERIES Vol.I No. 1 STARTING A BUSINESS IN DUBAI. Dubai Business Guide Operations BUSINESS INFORMATION SERIES 2012 Vol.I No. 1 STARTING A BUSINESS IN DUBAI Dubai Business Guide Operations Business Support Department Dubai Chamber of Commerce and Industry Published by: Dubai Chamber

More information

PROCEDURES FOR RECEIVING RIGHTS UNDER THE TREATY OF AMITY AND ECONOMIC RELATIONS BETWEEN THE UNITED STATES AND THAILAND

PROCEDURES FOR RECEIVING RIGHTS UNDER THE TREATY OF AMITY AND ECONOMIC RELATIONS BETWEEN THE UNITED STATES AND THAILAND PROCEDURES FOR RECEIVING RIGHTS UNDER THE TREATY OF AMITY AND ECONOMIC RELATIONS BETWEEN THE UNITED STATES AND THAILAND Prepared by: the Commercial Service, American Embassy Bangkok 2000 (updated 2005)

More information

How to Guide: Setting-up Business in Germany. Introduction. Entry. Set-up. Contact

How to Guide: Setting-up Business in Germany. Introduction. Entry. Set-up. Contact How to Guide: Setting-up Business in Germany (!,!"!!!! " # $ " % $ $ &! "! '! ( " $ )$ " ( "! *#! $ +$,!! " - $!. " / 0#1+2.).3.4.) (-#1+2.).3.4..5# 6..! $ $..! $ 7(/ #!" " $% Entrance Visa Residency Permit

More information

Royal Decree No. 123/2010. Sohar Free Zone Law. [Final Version Cabinet 21 st December 2010]

Royal Decree No. 123/2010. Sohar Free Zone Law. [Final Version Cabinet 21 st December 2010] Royal Decree No. 123/2010 Sohar Free Zone Law [Final Version Cabinet 21 st December 2010] Royal Decree No. 123/ 2010 For the issue of Sohar free zone We, Qaboos bin Sa eed, the Sultan of Oman. After reviewing

More information

Public Policy on Modern Governance And Transparency To Improve Investment Environment In Egypt

Public Policy on Modern Governance And Transparency To Improve Investment Environment In Egypt Public Policy on Modern Governance And Transparency To Improve Investment Environment In Egypt Presented By Eng. Ahmed El-Sayed GAFI ; Consultant & Head of promotion Affairs OECD Global Forum On International

More information

Special Procedures for United States and NATO Contractors. New AISA License and its Renewal Procedures

Special Procedures for United States and NATO Contractors. New AISA License and its Renewal Procedures Special Procedures for United States and NATO Contractors New AISA License and its Renewal Procedures Government of the Islamic Republic of Afghanistan (AISA) Directorate of Licenses 2015/1393 Base: These

More information

Detail Incentives and Easiness in Special Economic Zone

Detail Incentives and Easiness in Special Economic Zone Detail Incentives and Easiness in Special Economic Zone 1. 2. CORPORATE INCOME TAX (PPh) VALUE ADDED TAX (PPN) AND SALES TAX ON LUXURY GOODS (PPnBM) 1. Primary Industry (Tax Holiday): Reduction by20-100%

More information

RAK ECONOMIC ZONE AUTHORITY OPERATING RULES OF TABLE OF CONTENTS

RAK ECONOMIC ZONE AUTHORITY OPERATING RULES OF TABLE OF CONTENTS RAKEZ OPERATING RULES OF 2018 RAK ECONOMIC ZONE AUTHORITY OPERATING RULES OF 2018 - TABLE OF CONTENTS PART 1: GENERAL 1 1. TITLE 1 2. LEGISLATIVE AUTHORITY 1 3. THE AUTHORITY S JURISDICTION 1 4. APPLICATION

More information

H.E. President Mohamed Hosni Mubarak President of the Arab Republic of Egypt

H.E. President Mohamed Hosni Mubarak President of the Arab Republic of Egypt Under the Kind Patronage of H.E. President Mohamed Hosni Mubarak President of the Arab Republic of Egypt December 9-10, 2007 Semiramis Intercontinental Hotel, Cairo, Egypt Organized by W W W. C A I R O

More information

A copublication of The World Bank and the International Finance Corporation.

A copublication of The World Bank and the International Finance Corporation. Jordan 2010 The International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington, DC 20433 Telephone 202-473-1000 Internet www.worldbank.org All rights reserved. 1 2 3

More information

Improving the Business Environment in Lebanon

Improving the Business Environment in Lebanon Republic of Lebanon Improving the Business Environment in Lebanon Recommendations Improving the Business Environment in Lebanon Lebanon experiencing impressive growth rates for the last three years Private

More information

KINGDOM OF SAUDI ARABIA. Capital Market Authority. Investment Accounts Instructions

KINGDOM OF SAUDI ARABIA. Capital Market Authority. Investment Accounts Instructions KINGDOM OF SAUDI ARABIA Capital Market Authority Investment Accounts Instructions English Translation of the Official Arabic Text Issued by the Board of the Capital Market Authority Pursuant to its Resolution

More information

General Authority for Investment & Free Zones

General Authority for Investment & Free Zones General Authority for Investment & Free Zones ho re e Who is GAFI Establishment & Role Working under the umbrella of Ministry of Investment & International Cooperation (MOIC), the General Authority for

More information

Public Disclosure Authorized. Public Disclosure Authorized. Economy Profile: Public Disclosure Authorized. Qatar. Public Disclosure Authorized

Public Disclosure Authorized. Public Disclosure Authorized. Economy Profile: Public Disclosure Authorized. Qatar. Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Economy Profile: 2012 The International Bank for Reconstruction and Development / The

More information

Prime Minister s Office No /PM

Prime Minister s Office No /PM Lao People s Democratic Republic Peace Independence Democracy Unity Prosperity ------------------------ Prime Minister s Office No /PM Vientiane, date DECREE ON THE IMPLEMENTATION OF THE INVESTMENT PROMOTION

More information

Lao People s Democratic Republic Peace Independence Democracy Unity Prosperity

Lao People s Democratic Republic Peace Independence Democracy Unity Prosperity Authentic in Lao only Lao People s Democratic Republic Peace Independence Democracy Unity Prosperity Prime Minister Office Ref: 25/PM Decree on Dansavanh Village Border Trade Zone - Pursuant to the Law

More information

Foreign Direct Investment

Foreign Direct Investment CHAPTER 5 Foreign Direct Investment 2005 year-end FDI amounted to US$11.56 billion, up 30% from 1997 when Korea started giving more importance to FDI policies. Basic Principle Government Initiatives to

More information

LAW OF THE DEMOCRATIC PEOPLE'S REPUBLIC OF KOREA OF THE HWANGGUMPHYONG AND WIHWADO ECONOMIC ZONE

LAW OF THE DEMOCRATIC PEOPLE'S REPUBLIC OF KOREA OF THE HWANGGUMPHYONG AND WIHWADO ECONOMIC ZONE LAW OF THE DEMOCRATIC PEOPLE'S REPUBLIC OF KOREA OF THE HWANGGUMPHYONG AND WIHWADO ECONOMIC ZONE Adopted by Decree No. 2006 of the Presidium of the Supreme People's Assembly on December 3, 2011 CONTENTS

More information

Law No. 116 of 2013 Regarding the Promotion of Direct Investment in the State of Kuwait

Law No. 116 of 2013 Regarding the Promotion of Direct Investment in the State of Kuwait Law No. 116 of 2013 Regarding the Promotion of Direct Investment in the State of Kuwait Law No. 116 of 2013 Regarding the Promotion of Direct Investment in the State of Kuwait - Having reviewed the Constitution;

More information

Economy Profile 2015 Qatar

Economy Profile 2015 Qatar Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Doing Business 2015 92112 Economy Profile 2015 2 2014 The International Bank for Reconstruction

More information

The Legal Framework of Foreign Investment in Egypt

The Legal Framework of Foreign Investment in Egypt Case Western Reserve Journal of International Law Volume 11 Issue 3 1979 The Legal Framework of Foreign Investment in Egypt Gamal El Nazer Follow this and additional works at: http://scholarlycommons.law.case.edu/jil

More information

Procedures Guide for Establishments and Commercial Companies

Procedures Guide for Establishments and Commercial Companies Procedures Guide for Establishments and Commercial Companies The Ministry of Industry, Commerce and Tourism Kingdom of Bahrain Contents Introduction... 3 Objectives of the Commercial Registers System (SIJILAT):...

More information

SOHAR FREEZONE RULES AND REGULATIONS

SOHAR FREEZONE RULES AND REGULATIONS SOHAR FREEZONE RULES AND REGULATIONS SOHAR Free Zone Rules and Regulations Unofficial English Translation 12 April 2016 1 Disclaimer: this document is an unofficial English translation of the original

More information

The S.A. and the S. De R.L.. corporations, regardless of whether they have variable capital, must fulfill the following requirements:

The S.A. and the S. De R.L.. corporations, regardless of whether they have variable capital, must fulfill the following requirements: Mexican Corporations Types of Corporations The General Mercantile Corporations Law regulates all business corporations established in Mexico. The most common forms of corporations are the following: 1.

More information

Accounts Services price list for year 2016 / 2017

Accounts Services price list for year 2016 / 2017 Accounts Services price list for year 2016 / 2017 Minimum Opening Balance Current account opening fees Saving account opening fees without having other opened accounts Account annual fees Statement of

More information

Doing Business with Egypt Thessaloniki, 16 October 2014

Doing Business with Egypt Thessaloniki, 16 October 2014 Egypt, Investment for Development Doing Business with Egypt Thessaloniki, 16 October 2014 1 Indicators Monthly Inflation Rate 10.07 % at the end of August 2014 Net International Reserves 16.87 (USD billion)

More information

Accounts Services price list for year 2018

Accounts Services price list for year 2018 Accounts Services price list for year 2018 Minimum Opening Balance Current account opening fees Saving account opening fees without having other opened accounts Account annual fees Statement of Account

More information

Accounts Services price list for year 2017

Accounts Services price list for year 2017 Accounts Services price list for year 2017 Minimum Opening Balance Current account opening fees Saving account opening fees without having other opened accounts Account annual fees Accounts EGP 10000 or

More information

Commercial Licensing Division

Commercial Licensing Division PROCEDURE LICENSE CANCELLATIONS 1. PURPOSE The purpose of this procedure is to facilitate information to clients regarding the procedural requirements for cancellation of Licenses. 2. SCOPE: This procedure

More information

Doing Business Page 1

Doing Business Page 1 Page 1 Economy Profile of Doing Business 2018 Indicators (in order of appearance in the document) Starting a business Procedures, time, cost and paid-in minimum capital to start a limited liability company

More information

Egypt COMPARING REGULATION ACROSS GOVERNORATES AND WITH 178 ECONOMIES. Public Disclosure Authorized. Public Disclosure Authorized

Egypt COMPARING REGULATION ACROSS GOVERNORATES AND WITH 178 ECONOMIES. Public Disclosure Authorized. Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Egypt 2008 COMPARING REGULATION ACROSS GOVERNORATES AND WITH 178 ECONOMIES Egypt 2008

More information

Policy Framework for Investment

Policy Framework for Investment The Government of the Arab Republic of Egypt Ministry of Investment General Authority for Investment and Free Zones 6 th November 2006 OECD Global Forum on Investment II Istanbul, Turkey Table of Content

More information

A copublication of The World Bank and the International Finance Corporation.

A copublication of The World Bank and the International Finance Corporation. Qatar 2010 The International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington, DC 20433 Telephone 202-473-1000 Internet www.worldbank.org All rights reserved. 1 2 3

More information

Establishment of a Corporation

Establishment of a Corporation 03 Establishment of a Corporation 32 1. How Foreigners Advance Into Korea There are three ways by which foreigners (foreign corporations) can enter Korea for business purposes: establishing a local corporation,

More information

Checklist for supporting documents required to be submitted

Checklist for supporting documents required to be submitted Checklist for supporting documents required to be submitted Supporting documents with the SCA application form for licensing. List of documents SCA Application signed properly and stamped. Requirement

More information

Supplement to the Estimates. Fiscal Year Ending March 31, 2019

Supplement to the Estimates. Fiscal Year Ending March 31, 2019 Supplement to the Estimates Fiscal Year Ending March 3, 209 Supplement to the Estimates Fiscal Year Ending March 3, 209 British Columbia Cataloguing in Publication Data British Columbia. Estimates, fiscal

More information

- Agenda - National Investment Reform Agenda Workshop. Arab Republic of Egypt

- Agenda - National Investment Reform Agenda Workshop. Arab Republic of Egypt - Agenda - National Investment Reform Agenda Workshop Arab Republic of Egypt Date Wednesday, May 17th, 2006 Location General Authority for Investment and Free Zones 3 Salah Salem Nasr City Cairo, Egypt

More information

Invest Egypt Your Key to Access The World

Invest Egypt Your Key to Access The World Invest Egypt Your Key to Access The World Promoting Sustainable Investment Forum 5 December 2017 Presented by Munir Jumah GAFI-Ministry of Investment and International Cooperation A Glance at Global Investments

More information

Economy Profile 2015 Oman

Economy Profile 2015 Oman Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized 92101 Economy Profile 2015 2 2014 The International Bank for Reconstruction and Development

More information

Public Disclosure Authorized. Economy Profile: Public Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized

Public Disclosure Authorized. Economy Profile: Public Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Economy Profile: 2 2013 The International Bank for Reconstruction and Development / The

More information

Legal Forms of Companies

Legal Forms of Companies Legal Forms of Companies 1. SOLE PROPRIETORSHIP A Sole Proprietorship is a business owned by an individual, not a company. This individual will possess 100% of the business, control the all part of its

More information

Monthly Report May 2017

Monthly Report May 2017 Monthly Report May 2017 Egypt s Economic & Political Update Page 1 FOREIGN POLICY & TRADE President Abdel Fattah El Sisi visits the UAE, Kuwait, and Bahrain on his GCC tour Foreign Minister Sameh Shoukry

More information

United Arab Emirates

United Arab Emirates United Arab Emirates 2010 The International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington, DC 20433 Telephone 202-473-1000 Internet www.worldbank.org All rights reserved.

More information

Table of Content. Foreword

Table of Content. Foreword Table of Content Page Foreword Foreign Investment Promotion Protection Act (FIPPA) Definitions and General Conditions for Admission of Foreign Capital Competent Authorities Guarantee and Transfer of Foreign

More information

Public Disclosure Authorized. Public Disclosure Authorized. Kuwait. Public Disclosure Authorized. Public Disclosure Authorized

Public Disclosure Authorized. Public Disclosure Authorized. Kuwait. Public Disclosure Authorized. Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Kuwait 2010 The International Bank for Reconstruction and Development / The World Bank

More information

Elite Services price list for year 2018

Elite Services price list for year 2018 Elite Services price list for year 2018 Account Minimum Opening Balance Current account opening fees Saving account opening fees without having other opened accounts Account annual fees Statement of Account

More information

LICENSE REQUIREMENTS GUIDELINES

LICENSE REQUIREMENTS GUIDELINES PART A: LICENSE REQUIREMENTS GUIDELINES As per Article 3-3(III) of Chapter II relating to Licensing of SCA's Decision 56 of 2012 "to license a brokerage firm, the following conditions must be met by the

More information

Doing Business 2018 Egypt, Arab Rep.

Doing Business 2018 Egypt, Arab Rep. Page 1 Economy Profile of Doing Business 2018 Indicators (in order of appearance in the document) Starting a business Procedures, time, cost and paid-in minimum capital to start a limited liability company

More information

Economy Profile 2016 United Arab Emirates

Economy Profile 2016 United Arab Emirates Economy Profile 2016 2 2016 The International Bank for Reconstruction and Development / The World Bank 1818 H Street NW, Washington, DC 20433 Telephone: 202-473-1000; Internet: www.worldbank.org Some rights

More information

Economy Profile 2016 Jordan

Economy Profile 2016 Jordan Public Disclosure Authorized Public Disclosure Authorized Economy Profile 2016 Public Disclosure Authorized Public Disclosure Authorized 2 2016 The International Bank for Reconstruction and Development

More information

Doing Business Page 1

Doing Business Page 1 Page 1 Economy Profile of Doing Business 2018 Indicators (in order of appearance in the document) Starting a business Procedures, time, cost and paid-in minimum capital to start a limited liability company

More information

United Arab Emirates. Economy Profile: Public Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized

United Arab Emirates. Economy Profile: Public Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Economy Profile: 2012 The International Bank for Reconstruction and Development / The

More information

How to start new Business

How to start new Business How to start new Business QATAR CHAMBER OF COMMERCE AND INDUSTRY http://www.qcci.org First: The steps to be followed to obtain Commercial Register To apply to commercial licenses section, in the Ministry

More information

Translated from Arabic Original

Translated from Arabic Original Translated from Arabic Original Administrative Resolution No. (58) for the year 2010 Concerning instructions on Consulting ing Offices Classification Chairman of the Department of Economic Development:

More information

Economy Profile 2016 Qatar

Economy Profile 2016 Qatar Doing Business 2016 Economy Profile 2016 100827 2 2016 The International Bank for Reconstruction and Development / The World Bank 1818 H Street NW, Washington, DC 20433 Telephone: 202-473-1000; Internet:

More information

Public Disclosure Authorized. Public Disclosure Authorized. Economy Profile: Public Disclosure Authorized. Oman. Public Disclosure Authorized

Public Disclosure Authorized. Public Disclosure Authorized. Economy Profile: Public Disclosure Authorized. Oman. Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Economy Profile: 2012 The International Bank for Reconstruction and Development / The

More information

Agency for Foreign Investments and Export Promotion of the Republic of Macedonia PROCEDURES FOR REGISTERING DIFFERENT KINDS OF BUSINESSES

Agency for Foreign Investments and Export Promotion of the Republic of Macedonia PROCEDURES FOR REGISTERING DIFFERENT KINDS OF BUSINESSES PROCEDURES FOR REGISTERING DIFFERENT KINDS OF BUSINESSES TYPES OF COMPANIES In accordance with the Company Law, both Macedonian and foreign individuals or companies can establish the following types of

More information

Notice to Building Official of Use of Private Provider Effective April 1 st, Project Name: Parcel Tax ID:

Notice to Building Official of Use of Private Provider Effective April 1 st, Project Name: Parcel Tax ID: Notice to Building Official of Project Name: Parcel Tax ID: Services to be provided: Plans Review and/or Inspections Note: If the notice applies to either private plan review or private inspection services

More information

Talaat Mostafa Group Holding Company "TMG Holding" S.A.E

Talaat Mostafa Group Holding Company TMG Holding S.A.E CONSOLIDATED STATEMENT OF CHANGES IN EQUITY For the period from 1 January 2010 to Issued and Paid up Capital Legal Reserves General Reserves Net unrealized (losses) gains on Treasury Stocks Retained Earning

More information

Ezz Steel Company (An Egyptian Joint Stock Company)

Ezz Steel Company (An Egyptian Joint Stock Company) (An Egyptian Joint Stock Company) Consolidated Financial Statements For the Financial Year Ended December 31, 2011 & Auditor s Report AUDITOR'S REPORT To the Shareholders of Ezz Steel Company Report on

More information

Doing Business Economy Profile. Jordan. Page 1

Doing Business Economy Profile. Jordan. Page 1 Economy Profile Page 1 Economy Profile of Indicators (in order of appearance in the document) Starting a business Procedures, time, cost and paid-in minimum capital to start a limited liability company

More information

China Law Update February 2007

China Law Update February 2007 China Law Update February 2007 table of contents In this issue of China Law Update, we summarize three important new laws that were enacted in late 2006 and took effect on January 1, 2007. Together, the

More information

INVESTMENT COORDINATING BOARD OF REPUBLIC OF INDONESIA COPY REGULATION OF INVESTMENT COORDINATING BOARD OF REPUBLIC OF INDONESIA NUMBER 14 OF 2017

INVESTMENT COORDINATING BOARD OF REPUBLIC OF INDONESIA COPY REGULATION OF INVESTMENT COORDINATING BOARD OF REPUBLIC OF INDONESIA NUMBER 14 OF 2017 INVESTMENT COORDINATING BOARD OF REPUBLIC OF INDONESIA COPY REGULATION OF INVESTMENT COORDINATING BOARD OF REPUBLIC OF INDONESIA NUMBER 14 OF 2017 CONCERNING GUIDELINES AND PROCEDURES FOR CONTROL OF INVESTMENT

More information

Multi-facility Economic Zones in Zambia: Progress, Challenges and Possible Interventions

Multi-facility Economic Zones in Zambia: Progress, Challenges and Possible Interventions Multi-facility Economic Zones in Zambia: Progress, Challenges and Possible Interventions (Working Paper) Douglas Zhihua Zeng Senior Economist Trade and Competitiveness Global Practice The World Bank Group

More information

A copublication of The World Bank and the International Finance Corporation.

A copublication of The World Bank and the International Finance Corporation. Sudan 2010 The International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington, DC 20433 Telephone 202-473-1000 Internet www.worldbank.org All rights reserved. 1 2 3

More information

Issues to consider when doing business in Qatar

Issues to consider when doing business in Qatar Doha construction group meeting Issues to consider when doing business in Qatar Alex Brightman Associate, K&L Gates, Doha Copyright 2014 by K&L Gates LLP. All rights reserved. Overview Incorporating a

More information

DOING BUSINESS IN PANAMA

DOING BUSINESS IN PANAMA LOMBARDI AGUILAR GROUP DOING BUSINESS IN PANAMA I. COMPANY FORMATION 1.1 What minimum share capital is required to be authorized, issued or paid up? (a) (b) (c) Authorized? No minimum required Issued?

More information

Myanmar s competitiveness & Investment opportunities (Understanding Business Regulations)

Myanmar s competitiveness & Investment opportunities (Understanding Business Regulations) Myanmar s competitiveness & Investment opportunities (Understanding Business Regulations) August 1, 2016 Myo Min Director Directorate of Investment and Company Administration Ministry of National Planning

More information

How to Establish Companies in Syria and What Are the kinds.

How to Establish Companies in Syria and What Are the kinds. How to Establish Companies in Syria and What Are the kinds. Prompt Economical Services Center - Aleppo Fax : 2125343 p.o. box 11045 e-mail : scscenter@scs-net.org Legislative Decree No. 151 The Law of

More information

DOING BUSINESS IN PANAMA

DOING BUSINESS IN PANAMA LOMBARDI AGUILAR & GARCIA DOING BUSINESS IN PANAMA I. COMPANY FORMATION 1.1 What minimum share capital is required to be authorized, issued or paid up? (a) (b) (c) Authorized? No minimum required Issued?

More information

KINGDOM OF SAUDI ARABIA. Capital Market Authority. Investment Accounts Instructions

KINGDOM OF SAUDI ARABIA. Capital Market Authority. Investment Accounts Instructions KINGDOM OF SAUDI ARABIA Capital Market Authority Investment Accounts Instructions English Translation of the Official Arabic Text Issued by the Board of the Capital Market Authority Pursuant to its Resolution

More information

Doing Business in Egypt A tax and legal guide

Doing Business in Egypt A tax and legal guide Doing Business in Egypt A tax and legal guide www.pwc.com/me Table of Contents Welcome to this guide Country introduction Overview Incentives for foreign investors Legal and regulatory framework Establishment

More information

Hengtai Law Offices. Introduction on Starting Business in China by Foreign investors

Hengtai Law Offices. Introduction on Starting Business in China by Foreign investors Hengtai Law Offices Introduction on Starting Business in China by Foreign investors Edward Sun, Managing partner of Hengtai Law offices, Shanghai, PRC Edward.sun@hengtai-law.com 24/07/2011 Table of Contents

More information

GB Auto (S.A.E.) (An Egyptian Joint Stock Company) Consolidated Financial Statements For The Financial Year Ended December 31, 2016

GB Auto (S.A.E.) (An Egyptian Joint Stock Company) Consolidated Financial Statements For The Financial Year Ended December 31, 2016 Translation from Arabic (An Egyptian Joint Stock Company) Consolidated Financial Statements For The Financial Year Ended December 31, 2016 And Auditor s Report kpmg Hazem Hassan Public Accountants & Consultants

More information

Egyptian Tax Reform Agenda

Egyptian Tax Reform Agenda MENA-OECD Investment Program WG3 Tax Policy for Investment Cairo, June 19-20, 2007 Egyptian Tax Reform Agenda Ashraf Al Arabi Deputy Minister for Tax Policy Egyptian Ministry of Finance In July 2004, a

More information

Three options and Legal documents required for Registration of a Company in the Jebel Ali Free Zone (JAFZA)

Three options and Legal documents required for Registration of a Company in the Jebel Ali Free Zone (JAFZA) Three options and Legal documents required for Registration of a Company in the Jebel Ali Free Zone (JAFZA) Option 1: Branch Company 1. Certificate of Registration of the company or Original Certificate

More information

REPUBLIC OF IRAQ MINISTRY OF TRADE MINISTERIAL INSTRUCTION NO. 149 DATED FEBRUARY 29, 2004

REPUBLIC OF IRAQ MINISTRY OF TRADE MINISTERIAL INSTRUCTION NO. 149 DATED FEBRUARY 29, 2004 REPUBLIC OF IRAQ MINISTRY OF TRADE MINISTERIAL INSTRUCTION NO. 149 DATED FEBRUARY 29, 2004 Registration of Branches and Trade Representation Offices by Foreign Companies Section I Introduction: Registration

More information

Westlaw Gulf - Summary Page

Westlaw Gulf - Summary Page Westlaw Gulf - Summary Page User: Date: MAY 9 2015 Time: 17:11:36 Content Type: Gulf Document FED LAW No. 2 of 2015 Page 1 Status: Law in force FED LAW No. 2 of 2015 UAE Official Gazette Federal Law No.

More information

Panel Discussion on Business Climate Reforms in Egypt

Panel Discussion on Business Climate Reforms in Egypt Panel Discussion on Business Climate Reforms in Egypt at the occasion of the launch of the OECD Business Climate Review of Egypt Agenda Organised by the MENA-OECD Investment Programme in partnership with

More information

Joint Business Statement

Joint Business Statement Joint Business Statement Presented to Members of governments of the G8 and Deauville Partnership countries Adopted at the High-Level Conference Reviving Investment in the Deauville Partnership Countries:

More information

Doing Business in Myanmar. Thant Sin Kyaing Director Directorate of Investment and Company Administration

Doing Business in Myanmar. Thant Sin Kyaing Director Directorate of Investment and Company Administration Doing Business in Myanmar Thant Sin Kyaing Director Directorate of Investment and Company Administration Myanmar s Priorities Rural Development and Poverty Reduction Agriculture development and industrialization

More information

MYANMAR SCHEDULE OF SPECIFIC COMMITMENTS

MYANMAR SCHEDULE OF SPECIFIC COMMITMENTS For the 8 th Package of under ASEAN Framework Agreement on Services I. HORIZONTAL COMMITMENTS All Sectors; For a service supplier of another Party who is natural person of that Party but is not national

More information

Doing Business 2012 Fact Sheet: Summary of Doing Business Reforms in Eastern Europe and Central Asia

Doing Business 2012 Fact Sheet: Summary of Doing Business Reforms in Eastern Europe and Central Asia Doing Business 2012 Fact Sheet: Summary of Doing Business Reforms in Eastern Europe and Central Asia Albania made property registration easier by setting time limits for the land registry to register a

More information

Protocol to Implement the Fifth Package of Commitments on Financial Services under the ASEAN Framework Agreement on Services

Protocol to Implement the Fifth Package of Commitments on Financial Services under the ASEAN Framework Agreement on Services Protocol to Implement the Fifth Package of on Financial Services under the ASEAN Framework Agreement on Services MYANMAR SCHEDULE OF SPECIFIC COMMITMENTS I. HORIZONTAL COMMITMENTS 1 All Sectors; For a

More information

Economy Profile: United Arab Emirates

Economy Profile: United Arab Emirates Public Disclosure Authorized Public Disclosure Authorized Economy Profile: Public Disclosure Authorized Public Disclosure Authorized 2 2013 The International Bank for Reconstruction and Development / The

More information

Economy Profile 2016 Kuwait

Economy Profile 2016 Kuwait Economy Profile 2016 2 2016 The International Bank for Reconstruction and Development / The World Bank 1818 H Street NW, Washington, DC 20433 Telephone: 202-473-1000; Internet: www.worldbank.org Some rights

More information

Christmas webinar: Residence permit through investments in Greece Deloitte Tax, Greece 12 December 2018

Christmas webinar: Residence permit through investments in Greece Deloitte Tax, Greece 12 December 2018 Christmas webinar: Residence permit through investments in Greece Deloitte Tax, Greece 12 December 2018 Contents Upcoming investment options Introduction Statistics Issuance process Types of real estate

More information

Press Release Recent Economic Developments and Highlights of Fiscal Years 1436/1437 (2015) & 1437/1438 (2016)

Press Release Recent Economic Developments and Highlights of Fiscal Years 1436/1437 (2015) & 1437/1438 (2016) Kingdom of Saudi Arabia Ministry of Finance Press Release Recent Economic Developments and Highlights of Fiscal Years 1436/1437 (2015) & 1437/1438 (2016) 28 December 2015 The Ministry of Finance is pleased

More information

Business Account Signature Signing Instructions

Business Account Signature Signing Instructions Business Account Signature Signing Instructions Customer Checklist To help us act on your request as soon as possible please ensure all documents outlined below are submitted to the bank. When submitting

More information

Cross Border Services

Cross Border Services One-Stop-Shop for Business, Cross Border Services Teja Batagelj, Aleš Pelan Ministry of Public Administration, Slovenia Company start-up before 1.2.2008 Slow Complicated Non-friendly Not accessible = Several

More information

Establishing a Corporate Set-Up in Myanmar Updated: March 2016

Establishing a Corporate Set-Up in Myanmar Updated: March 2016 Establishing a Corporate Set-Up in Myanmar Updated: March 2016 Legal and Tax Advice www.luther-lawfirm.com Corporate Services www.luther-services.com Myanmar Establishing a Corporate Set-Up in Myanmar

More information

Compare current FIA, 28 PNC 101 et seq. with HB 8-3-1, HB3, SD5

Compare current FIA, 28 PNC 101 et seq. with HB 8-3-1, HB3, SD5 Compare current FIA, 28 PNC 101 et seq. with HB 8-3-1, HB3, SD5 28 PNC 101 and Regulations HB 8-3-1, HB3, SD5 Type of Business Structure allowed for foreign investors Board Any form of business enterprise

More information

Daily News Report - March 29, 2018

Daily News Report - March 29, 2018 Interest Rates Exchange Rate Gold Brent Crude Oil Deposits Lending USD/EGP USD/ounce USD/barrel 17.75% 18.75% 17.69 1323.85 69.93 Source: CBE & Bloomberg MACROECNOMICS Egypt Sets the Price of the Customs

More information