The Egyptian Bar Association's head, Dr. Abdelhalim El-Edham, received a letter from Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade, on September 28, 2026. The letter concerns coordination and cooperation between the Ministry and the Bar Association regarding compliance with legal regulations for companies with foreign investment or participation. This move aims to enhance the investment climate in Egypt.
The Minister of Investment and Foreign Trade referenced the obligations set by the Investment Law No. 72 of 2017 and its executive regulations. These laws require companies to provide the General Authority for Investment and Free Zones with necessary information and data to calculate foreign direct and indirect investments. This must be done using specific forms and questionnaires as per a decision by the Prime Minister.
The letter emphasizes the importance of cooperation between the Ministry and the Bar Association in supporting the investment environment and promoting commitment to legal frameworks for companies' operations. The Bar Association plays a significant role in this regard through its professional duties and those of its members. The goal is to integrate efforts for the public good and support Egypt's investment climate.
According to the Investment Law and its executive regulations, companies with foreign participation must provide required data and information to the General Authority for Investment and Free Zones. This is crucial for statistical follow-up and is a regulatory requirement. The law specifies that failure to comply may result in legal accountability.
The Minister of Investment requested that the Bar Association direct its members to notify companies with foreign participation about the necessity of providing the required data and information. This notification should be made using specific forms and within set deadlines. The directive aims to ensure compliance with legal obligations and enhance transparency in investment activities.
The Bar Association is expected to circulate this directive among its members, emphasizing the importance of cooperation with the Ministry of Investment. By doing so, the Association supports efforts to create a conducive environment for investment in Egypt. This cooperation is vital for promoting economic growth and development.
The directive also highlights the potential legal consequences for companies that fail to provide the required information. Such consequences may arise under the Investment Law or the law governing joint-stock companies. The Ministry and the Bar Association are working together to ensure that all parties comply with relevant laws and regulations, fostering a stable and attractive investment climate.
Key points
- The Egyptian Bar Association received a letter from the Minister of Investment and Foreign Trade regarding compliance with legal regulations for companies with foreign investment.
- The directive aims to enhance cooperation between the Ministry and the Bar Association in supporting Egypt's investment environment.
- Companies with foreign participation must provide required data and information to the General Authority for Investment and Free Zones to ensure compliance with legal obligations.
