Egypt

BonelliErede is present in Egypt since 2016 and, effective as of 1 July 2018, cooperates with the Egyptian law firm Bahaa-Eldin Law Office which is an integral part of the BonelliErede network.

Our team in Cairo is led by Gianfranco Veneziano, Partner at BonelliErede and Dr. Ziad Ahmed Bahaa-Eldin, Managing Partner at Bahaa-Eldin Law Office, and is composed of an integrated group of Egyptian lawyers including, Mohamed H. El Ehwany, Mostafa Moussa and Shorouk Gena, Partners at Bahaa-Eldin Law Office, Mostafa Elfar, Managing Associate, Rana El Kahwagy, Senior Associate, and supported by 5 associates and the professionals from the European offices of BonelliErede.

The team assists international clients interested in doing business in Egypt by also involving the other BonelliErede offices, when necessary. This ensures that our clients continue to receive the high-standard services they expect from BonelliErede. In particular, Mohamed H. El Ehwany has experience in corporate M&A and islamic finance, Mostafa Moussa focuses on corporate M&A and capital markets, and Shorouk Gena focuses on corporate and commercial law, M&A and employment.

Dr. Ziad Ahmed Bahaa-Eldin has thirty years of relevant experience as a lawyer and has been recognized as a leading individual in the Banking & Finance sector by the legal directories. He is an expert in financial law, investment and company law, governance, compliance and economic legislation and, besides his practice as a lawyer, he boasts relevant experience in both government positions and the private sector. He held several public roles among which: Deputy Prime Minister and Minister of International Cooperation (2013/2014), Member of the Central Bank of Egypt Board (2005/2011); furthermore, he also had a primary responsibility for the drafting of key legislative documents in Egypt, Syria, Yemen, UAE, and Libya. He is currently a non-executive member in manifold boards of directors, namely HSBC (Egypt), National Bank of Egypt (UK), Arabian Cement Company (Egypt), Hassan Allam Holding (Egypt), Samcrete (Egypt), Saraya Capital (Dubai).

The Cairo office assists international investors entering or operating in Egypt, as well as Egyptian corporations on all aspects of their legal needs, especially corporate, M&A, project finance, international taxation and transfer pricing, international arbitration and construction and is able to cover all key industrial sector, building on the synergies and skills of our Focus Teams especially that of Infrastructure, Energy & Ecological Transition, Construction & Engineering and International Arbitration.

Insights

Amendment to Egypt’s VAT law regarding e-commerce - 15 May 2023

The Egyptian Minister of Finance recently issued Decree 24/2023, which amended the Executive Regulations (“ER”) of the Value Added Tax Law. The new decree and the amendments to the VAT Law detail the Simplified Vendor Registration Regime (“SVRR”), which is aimed at making it simpler for …

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Enforcement risk for failure to pay tax on capital gains realised by non-Egyptian residents on the sale of unlisted securities - 25 March 2022

Capital gains tax has always been an issue for non-Egyptian resident entities. And since the Ministry of Finance issued guidelines in December 2020 on capital gains realised by non-residents on the sale of securities (i.e., shares and quotas) not listed on the Egyptian Stock Exchange, the ET …

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Covid-19 and Egyptian Law Key Issues: Amendments to personal income tax law - 23 June 2020

The Covid-19 outbreak in Egypt and in many areas of the Middle East and North Africa has led to a public health emergency and unforeseen challenges for businesses. It has also led to uncertainties, including from a tax/legal perspective. No doubt you are asking yourself many questions, espec …

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Covid-19: key issues under Egyptian law - 5 May 2020

As you know, the Covid-19 outbreak in Egypt and in many areas of the Middle East and North Africa has led to a public health emergency and unforeseen challenges for businesses. It has also led to uncertainties, including from a tax/legal perspective. You no doubt are asking yourself many que …

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IPOs of Egypt’s State-Owned Companies - 30 October 2017

As part of Egypt’s agreement with the IMF, the country’s structural reforms include the launch of an IPO programme for successful, state-owned companies in the oil and gas, petrochemical, banking and financial services, building materials and real estate development sectors.  On 13 Septemb …

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News

The largest common market in the world is born in Africa

On 7 July in Niamey, the capital of Niger, the Egyptian President Abdel Fatah al-Sisi, who is president of the African Union announced the establishment of the Afcfta (African Continental Free Trade Agreement). The African continental free trade agreement that will give a green light to the lar …

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Egypt, the universal health system, and a new medical super hub

Egypt extends public health service to all its citizens and initiates the first phase of creating a universal system. It also focuses on private healthcare with the construction of a hub with centers of excellence at the service of the new administrative capital. Announced a year ago by Preside …

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Egypt, technology and new discoveries for the revival of tourism

Cairo focuses on technology to relaunch tourism, which is already recovering strongly compared to the crisis post 2010 and today is worth about 20 percent of the economy. “We have set up a reform of the sector in this sense – declared Rania al Mashat, the Minister of Tourism – and …

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