Our client spot Egypt again as a great place to invest. In 2016/2017 Egypt has issued 217 laws in a period of eight months, the highest rate since 1886, such as the new Investment Law (Law No. 72 of 2017), the Industrial Permit Act, the Commercial Record Law and the Law of Organizing and Encouraging Industry, to name a few, as part of an ongoing effort to attract more foreign direct investment (FDI) into the country. Our clients are foreign investors and they take advantage of the investment favorable legal climate. Egypt expects its economy to grow by an annual rate of 8% by 2022 as the government improves the investment climate.
The ability to negotiate with local authorities is a must for the foreign investors and our lawyers stand by the foreign investor`s side during the whole phase of their investments, from the application of the investment license through the setting up of the company and its operation, to the liquidation and deregistration of the investment.
Lawyers at Karim Adel Law Office have a unique experience in this area as they mainly advise foreign investors in Egypt. We lead the way by advising a significant amount of foreign investment projects. A deep knowledge of the legal framework of Egypt and a vast experience in representing foreign investors´ interests before the government and local authorities such as General Authority for Foreign Investment (GAFI), are part of our track record. From highly and complex regulated markets, like the energy market, to agricultural and manufacturing projects, our senior Egyptian and German partners, Karim Adel Kamel and Dr. Christian Ule, have been providing for years top legal support to foreign investors.
