Issuance of the Use of Cashless Payment Methods Law (No. 18 of 2019).

Issuance of the Micro, Small, and Medium-sized Enterprises Development Law (No. 152 of 2020).

Issuance of the Comprehensive Health Insurance Law (No. 2 of 2018) and its Executive Regulations. 

Issuance of the Egyptian Authority for Unified Procurement, Medical Supply and Technology Management and the Egyptian Drug Authority Law (No. 151 of 2019).

Issuance of Prime Ministerial Decree No. 412 of 2019, promulgating the Executive Regulations of the National Food Safety Authority Law (No. 1 of 2017).

Issuance of a Prime Ministerial decree amending several provisions of the Real Estate Law (No. 196 of 2008); the amendments allowed factories and tourist establishments to defer real estate tax payments for three months, and to pay delinquent real estate taxes in installments over a period of six months.

Suspension of the administrative attachment imposed on all taxpayers who have outstanding tax liabilities against paying 10% of these liabilities, as well as forwarding their tax files to the tax dispute resolution committees for settlement.

The withholding tax imposed on dividend distributions made by EGX listed companies has been reduced from 10% to 5%—a 50% reduction.

Reactivation of the “E’rada” initiative and reconstituting its board of trustees, which includes the chairmen of FEI and the Federation of Egyptian Chambers of Commerce (FECOC).

Developing several electronic platforms; the Egyptian Government Service Portal, the leading online platform, is currently offering more than 75 online public services.

Developing a mobile application that provides access to more than 30 services through mobile phones.

Law No. 146 of 2019, amending a number of provisions of the Economic Courts Law (No. 120 of 2008), was ratified by the President and published in the Gazette on Aug 7, 2019; the amended provisions will ensure the expeditious adjudication of cases related to the applicable trade, investment, and financial transactions laws.

The Central Bank of Egypt (CBE) launched an initiative to create a national payment card system—Mezza— that provides cardholders access to various financial services, thereby integrating them into the financial system. Additionally, CBE extended the exemption granted to citizens, allowing them to open no-fee bank accounts for mobile-based financial services.

Investors can acquire industrial land by accessing the investment map posted on the website of the General Authority for Investment and Free Zones (GAFI) and the Industrial Development Authority (IDA); land plots are to be allocated according to the type of project to be established in each region.

IDA lowered most of the fees imposed on small enterprises.

Issuance of a whitelist containing 75 companies to facilitate and expedite the customs clearance process.

Release of a plan designed to develop and implement custom-related applications for the foreign trade national single-window system.

Lowering of natural gas prices to $4.50 per million British thermal unit for industrial enterprises.

Lowering of electricity prices for ultra-high, high-and medium-voltage industrial activities by LE 0.10, as well as placing a freeze on electricity prices for the next 3-5 years for other industrial activities.

Issuance of regulations regarding maritime transport activities and operations and their usage fees.

Issuance of Public Contracts Law (No. 182 of 2018) expanding the domestic preference requirements in government contracts.

The board of directors of the Export Development Fund (EDF) approved a new LE 6 billion export rebate program for fiscal year 2019/2020.

Postponing the implementation of the new real estate registration law.