Regulatory Alerts2004-01-01
Law No. 141 of 2004 Issuing the Law on the Development of Small and Micro-Enterprises
Issued by the Egyptian President and People's Assembly in June 2004, this law establishes the legal framework for the development, financing, and regulation of small and micro-enterprises. It designates the Social Fund for Development as the primary coordinating authority, mandates the creation of provincial financing funds, and allocates at least 10% of available investment lands and government contracts to these enterprises. The legislation further streamlines licensing procedures, provides tax and fee incentives, establishes a mediation committee for dispute resolution, and guarantees administrative protections against arbitrary suspension of operations.
Share