General Authority for Investment streamlines investor services with 'Premier Unit'

Egypt is taking steps to make investment easier and more attractive for both local and foreign investors.

The General Authority for Investment and Free Zones has recently established a new unit called the "Premier Unit" which aims to streamline procedures and remove bureaucratic obstacles for investors in a timely manner, with the highest quality of service.

Investors will be able to enjoy these services for a fee of around 5,000 Egyptian pounds.

The unit will also offer special services for VIP clients, including legal advice, assistance with establishing various types of companies, including those operating in free zones, and the preparation of memorandums for companies that require approval from the CEO of the Authority. In addition, the Premier Unit will recommend residency, work permits, customs and tax, stock market transactions, and committees for starting activities and executive positions.

In a nutshell, the Premier Unit also provides services to senior clients, including:

1. Establishing companies of all legal forms (individuals, persons, and funds), as well as assisting in preparing bank certificates, certificates of non-confusion, and writing security inquiry templates.

2. Establishing companies that operate under the free zone system after obtaining the approval of the zone administration (conversion, merger, division).

3. Approval of all board meetings and regular meetings.

4. Preparing memoranda for companies that require approval from the legal advisors to the CEO of the Authority before being authorized.

5. Approval of extraordinary meetings, mergers, divisions, and changes in legal form and board of directors by increasing the capital of all legal forms of companies (establishment, individuals, funds).

6. Recommendations for residency, subsidiaries, and work permits on the same day, with visa endorsement in the passport with residence.

7. Recommendations for customs and taxes.

8. Stock trading.

9. Committees for Starting Activity and Executive Status Services.

Egypt is committed to creating a favorable investment climate by providing a range of incentives and advantages, including a simplified and streamlined investment process, investment protection agreements with several countries, and the creation of free zones and industrial zones.

Furthermore, Egypt has implemented a series of economic reforms, including the liberalization of the exchange rate, the implementation of a value-added tax system, and the elimination of fuel subsidies. These reforms have made Egypt more attractive to investors by increasing transparency, reducing bureaucracy, and improving the business environment.

In conclusion, Egypt is working tirelessly to create a conducive environment for investment and attract more investors, both local and foreign. The establishment of the Premier Unit is a clear indication of the government's commitment to facilitating investment and ensuring the prosperity of the country.