INVESTMENT QURANTEES .

 
 

First : the investment gurantees

(1) it is not allowed to nationalize both companies and establishment or confiscated them .
(2) it is not allowed to impose sequestration on
inanimation and confiscation .
(3) it is not allowed for any directative admenstration to interfere in price limiting of the product s or limiting its profits .
( directive admenstration to stop building licences which were given for companies totally or partially unless they contradict the licence conditions .
(5) companies and establishments have the right to own bulding lands and already built constructions which are necessary to begin and star off their activities and to expant what ever the size of the companies or their partners or place of residence or the size of their participation are .

(6)The companies and establishments can import by themselves or through others . they can import what they want or need to establish or expant their activities or to work and run them . they can import any necessary objects they want . they can export any substances , machinery or tools they need .
They can import , for example , spare parts and suitable means of transport according to the nature of their activities , this without including it in the importing records or the records of importers . the companies can export their products without any restrictions or licence and without being recorded in the importers' files .

SECOONDLY .
Encouragement of investment in the new valley :

1- Tax exemption :
no taxes in the new valley if you invest here especially if your activity in the south of the valley to develop it , toshka , East owaynat Baris , kharga , Dakhala , EAST FARAFRA . THIS IS DUE TO and according to to the decision of Ministers councils no .2403 yr 98 . this is for 20 years in the future

CONTRACT EXEMPETIONS :-
No stamp taxes or recording taxes for the basic contracts or loun contracts connected to the activities of the companies or establishments . this is for 3 year especially for trading reords .
- Recording lands for establishing companies are also exemted of about the same sum of the capital paid for the participant company , the capital paid by money companies .
- Limiting the rute at the price of the central Bank to substract and loan .
- The shares of these companiesmust be under the condition being recorded in the stock .
- The profits of iou, bills , bearer bond , stocks , supply and support documents , and other paper money that the companies do are exempted from the profits of capital transferred , even that of combination of companies or its division orthe change of its logical and law appearance . so the result of production of the very sharesres whish come among the capitals of the money companies when established or capital expansaion
.

Customs exemptions .
machinery , equipment , instruments or any appliance that are imported by these companies inside the country can pay customs tax of about 5% added sales taxes of about 19% that can be paid on trust of 10 years without an importing card .

Thirdly .
The industrial areas of land are specialized in complete utilities in kharga and dakhala free of charge .

- decreasing the prices of lands that specialized for tourist and agriculture progects or services progects at low prices with flexibility to pay .
- helping the investor to get the required agreement from the concerned organization .
- preparing a plan of investment in the governorate that can be distributed free of charge for the investor sand the business men .
- giving licence of running ( not permenant ) for open periods for the progects which are established inside the industrial areas that participate in the solution of marketing then directing to the organization of the government in the governorate to buy their needs from the production of the progects in the governorate as longes it is applied to specifications and cope with the price of the market .
- the contracts of selling lands to investors have been changed to suit the investors and allow him to get the necessary loans to complete the progects

 

 

 
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