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The year 1932 marked the birth of one of Egypt’s very first law firms known as Maitre Charles Chalom back in the day; established by Charles Chalom who was head of the Bar Association of the Mixed Courts. In 1952, Hassan El Ibrachy, Hussein El Ibrachy, ...  Read More
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Note on Egypt’s New Investment Law
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Note on Egypt’s New Investment Law

 

On 12 March 2015, Presidential Decree 17/2015 was issued to introduce substantial amendments to the Investment Law 8/1997 (Investment Law). It also amended certain provisions of the Companies Law 159/1981 (Companies Law), the Sales Tax Law 11/1991 (Sales Tax Law), and the Income Tax Law 91/2005 (Income Tax Law).

The amendments generally aim at attracting new investments to Egypt through offering further incentives and guarantees, removing obstacles, and streamlining the procedure. Below is a brief description of the main amendments and additions.

 

to view I&D Note and download the PDF file click here

EPLTP on 15 March 2015
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ISFIN partners with Ibrachy and Dermarkar in Egypt
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ISFIN has teamed up with Ibrachy & Dermarkar as its exclusive partner in Egypt. Ibrachy & Dermarkar is one of the leading law firms across Egypt.  

ISFIN partners with Ibrachy & Dermarkar in Egypt.

 
Leading Egyptian law firm Ibrachy & Dermarkar takes stance in Islamic economy.
 
October 2014.
 
ISFIN has teamed up with Ibrachy & Dermarkar as its exclusive partner in Egypt. Ibrachy & Dermarkar is one of the leading law firms across Egypt. 
 
Prof. Laurent MARLIERE, CEO of ISFIN, says “Egypt is a rich country in many ways. The country is a remarkable retail market and the newly reached stability offers many investment opportunities. In terms of agriculture, it is the main producer of cotton, rice, wheat, corn, sugarcane, tobacco… Egypt’s mineral and energy resources include petroleum, natural gas, phosphates, gold and iron ore. In 2014, Egypt had a GDP worth $540 billion with a 2.2% annual growth from 2013. It is expected to rise to 3.2% in 2015. We are particularly happy to partner with ‘Ibrachy & Dermarkar’. Founded in 1932, the firm is the right intermediary to assist potential investors though their local and cross border transactions.”  
 
“Apart from all this, the information and communication sector of the country had shown immense improvements ever since 2006, especially after its separation from the transportation sector. In the case of mortgage markets in Egypt, even though it was dull throughout the years, the recent changes in mortgage laws are expected to bring a boom to the real estate industry. All these advancements and resources have brought Egypt at the forefront to attract substantial foreign direct investments. It ios good to have the right professionals on the ground to facilitate the flow of investments, especially from the Muslim world”, adds MARLIERE.
 
‘Ibrachy & Dermarkar’, Senior partner, Bahieldin ELIBRACHY says “Ibrachy & Dermarkar (I & D) was established in the last century, with a vision to be the leading law practicing and consultancy firm in Egypt. After considerable years of experience in the industry, we finally managed to translate our dreams into reality. Throughout the period of our growth, we always ensured that we kept our values intact by constantly adapting to the dynamic economic world and tailoring our services to our individual client needs.”
 
Bahieldin ELIBRACHY adds “We have been major players and in the constant vanguard of the international corporate scene led in Egypt. With every client dealt with as a partner, we are seen as an extension to their internal departments. Adding on to our credibility, we have always set a distance and made a fine distinction between our services and any ties with political clients despite their reputation. Thus, distancing ourselves from any forms of past, present or future risks that could come with such controversial partnerships. Also, it was an approach that has made us more trustworthy amongst our competitors. Furthermore, I&D has been accredited with the ISO 9001:2008 certification. Above all, our services include Arbitration, Aviation, Banking, Capital Market, Corporate, Government Relations, IP, Litigation, Real Estate, Taxation, Télécommunication, antitrust, competetion, & Trade, M&A, Employment & Social Services, Environment & Health, Commercial Transactions and Project Finance.”
 
“Our cooperation with ISFIN is going to open new opportunities for us to welcome Islamic investments in Egyptian and advice Egyptian clients about Islamic markets,” adds ELIBRACHY.
 
ISFIN is the world’s leading platform for professional firms specializing in Islamic Finance, investments from and to the Muslim world and the Halal industry. The alliance covers more than 70 jurisdictions around the world.
ISFIN’s membership is composed of the most innovative and highly regarded independent law firms, audit & accounting firms and real estate companies in their field.
 
Contact Information:
 
Laurent Marliere, CEO ISFIN
+(32) 475422149 LM@isfin.net www.isfin.net
 
Bahieldin Elibrachy, Senior Partner, Ibrachy & Dermarkar
+202-3760-4592 Bhi@ide.com.eg
 
 

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