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Sunday, 27 August 2023 / 08:38 PM
Today, President Abdel Fattah El-Sisi gave directives to the government to grant targeted industrial projects a package of incentives, in accordance with regulations approved by the government.
These include:
1- Exemption from all types of taxes, except the value-added tax, for 5 years for industrial projects that target strategic industries, with a view to deepening the national industry. The Council of Ministers shall issue a detailed decision defining these industries, provided that these projects be implemented and operated according to their scale, within a maximum period of 3 years.
2- The possibility of extending the exemption for an additional five years to a specific number of these industries, provided that they achieve specific targets, according to the amount of foreign investment and the regulations determined by the Council of Ministers.
3- The possibility of recovering up to 50% of the value of the land, provided that the project is implemented within half the time period specified for it.
4- Expand granting the golden license to all projects aimed at deepening local industrialization.
Sunday, 27 August 2023 / 08:38 PM
Today, President Abdel Fattah El-Sisi gave directives to the government to grant targeted industrial projects a package of incentives, in accordance with regulations approved by the government.
These include:
1- Exemption from all types of taxes, except the value-added tax, for 5 years for industrial projects that target strategic industries, with a view to deepening the national industry. The Council of Ministers shall issue a detailed decision defining these industries, provided that these projects be implemented and operated according to their scale, within a maximum period of 3 years.
2- The possibility of extending the exemption for an additional five years to a specific number of these industries, provided that they achieve specific targets, according to the amount of foreign investment and the regulations determined by the Council of Ministers.
3- The possibility of recovering up to 50% of the value of the land, provided that the project is implemented within half the time period specified for it.
4- Expand granting the golden license to all projects aimed at deepening local industrialization.
All rights reserved to the presidency Copyright © 2020
All rights reserved to the presidency Copyright © 2020