Approval for New Ventures Will Now Take No More Than 10 Days
The decision is part of the Supreme Investment Council's strategy to boost foreign and private investment in Egypt.
May 19, 2023
Prime Minister Dr Mostafa Madbouli approved a draft resolution from the Supreme Investment Council, which would allow investors and entrepreneurs to gain approval for their new ventures within a maximum of 10 days.
The decision hopes to encourage new businesses and simplify bureaucratic processes, and is part of the Supreme Investment Council’s strategy to boost foreign and private investment in Egypt.
The Supreme Investment Council also proposed 22 decisions aiming to promote investment across various sectors, including legislative amendments that will be presented to the Egyptian Parliament.
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