Promoting Industrial Growth and Encouraging Foreign Direct Investment in Egypt
Industrial Licensing Law
- The license processing time continues to be long; banks refuse to finance industrial activities before the issuance of the operating license and the start of operations.
- The limited availability or lack of accreditation offices that are designed to speed up the licensing process.
Responsible Entities
Date 3/21/2019
- Set a target to meet the industrial licensing waiting time frames stipulated in the law by 2020: 7 days for licenses issued under the notification license system, and 3 months for licenses issued under the pre-licensing system.
- Authorize governorate-level offices to grant licenses after completing the required procedures without having to secure the approval of the center.
Responsible Entities
Date 3/21/2019
- Even though 8 new accreditation offices were approved, however, licensing delays persist; more offices are needed to reduce the burden placed upon government entities.
Responsible Entities
Date 9/26/2022