Regulatory Alerts2025-11-05
Added · Updated
Amendment of parameters for the tourism sector support initiative
The Council of Ministers approved amendments to the parameters of the initiative to support the tourism sector, setting the maximum limit at 50 billion pounds or facilities granted within one and a half years from launch, ending on April 20, 2026. The withdrawal period is capped at 28 months from the first withdrawal, with a maximum end date of June 30, 2027, followed by a grace period of up to 6 months to obtain an operating license ending December 31, 2027.
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