Investment Ministry launches online service for establishing companies

The Investment and International Cooperation Ministry launched on Wednesday an online service that allows investors to establish their companies.
The service is available on the websites of the ministry and the General Authority for Investment and Free Zones.
This came in a statement by Investment and International Cooperation Minister Sahar Nasr during a seminar organized by the Canada Egypt Business Council (CEBC).
Nasr stated that the ministry is working within a legislative framework to improve the investment climate, adding that the cabinet approved amendments to laws of the capital market and companies.
Nasr added that the ministry is working on finishing the investment plan, which includes about 600 investment opportunities in coordination with other ministries, in addition to investing in all sectors including, infrastructure, industry, agriculture, transporting and petroleum.
Nasr further added that the ministry is cooperating with all parties to upgrade Egypt’s ranking in the Doing Business report of the World Bank.
The minister affirmed keenness on cooperating with the private sector, pointing out that the new investment law has put incentives for the most needy areas in addition to allocating an office to facilitate procedures for businesswomen.
She announced that about 15 investment contracts were signed a few weeks ago for investing in the Suez Canal economic zone within the framework of expanding free zones in all governorates.

Source: Mena