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Business Reforms in Egypt, Arab Rep.

= Doing Business reform making it easier to do business. Negative =  Change making it more difficult to do business.

DB2018

Registering Property: The Arab Republic of Egypt made it more difficult to register property by raising the cost to verify and ratify a sales contract.

Protecting Minority Investors: The Arab Republic of Egypt strengthened minority investor protections by increasing shareholder rights and role in major corporate decisions.

DB2017

Starting a Business: The Arab Republic of Egypt made starting a business easier by merging procedures at the one-stop shop by introducing a follow-up unit in charge of liaising with the tax and labor authority on behalf of the company.

Protecting Minority Investors: The Arab Republic of Egypt strengthened minority investor protections by increasing shareholder rights and role in major corporate decisions and by clarifying ownership and control structures.

Trading across Borders: The Arab Republic of Egypt made trading across borders more difficult by making the process of obtaining and processing documents more complex and by imposing a cap on foreign exchange deposits and withdrawals for imports.

DB2016

Protecting Minority Investors: The Arab Republic of Egypt strengthened minority investor protections by barring subsidiaries from acquiring shares issued by their parent company.

DB2015

Protecting Minority Investors: The Arab Republic of Egypt strengthened minority investor protections by introducing additional requirements for approval of related-party transactions and greater requirements for disclosure of such transactions to the stock exchange.

DB2014

Paying Taxes: Egypt made paying taxes more costly for companies by increasing the corporate income tax rate.

DB2011

Starting a Business: Egypt reduced the cost to start a business.

Trading across Borders: Egypt made trading easier by introducing an electronic system for submitting export and import documents.

DB2010

Starting a Business: Egypt made starting a business easier by eliminating the minimum capital requirement.

Dealing with Construction Permits: Egypt made dealing with construction permits easier by issuing executive articles implementing its new construction law and by eliminating most preapprovals for building permits.

Getting Credit: In Egypt the private credit bureau I-score added retailers to its database, improving access to credit information.

Enforcing Contracts: Egypt made enforcing contracts easier by creating commercial courts.

DB2009

Starting a Business: Egypt made starting a business easier by reducing the paid-in minimum capital requirement, abolishing bar association fees and automating tax registration.

Dealing with Construction Permits: Egypt made dealing with construction permits easier through a new building code establishing a single window for processing construction-related approvals.

Registering Property: Egypt speeded up property registration by simplifying administrative procedures, reorganizing the business workflow between the real estate registry and the Egyptian Surveying Authority and introducing time limits for several procedures.

Getting Credit: Egypt improved access to credit information by guaranteeing borrowers’ right to inspect their own data in the private credit bureau.

Protecting Minority Investors: Egypt strengthened investor protections by introducing a requirement that an independent auditor assess related-party transactions before approval.

Trading across Borders: Egypt made trading across borders easier by upgrading port facilities at Alexandria and speeding up customs clearance, while greater competition in the banking sector led to a reduction in the time to open a letter of credit.

DB2008

Starting a Business: Egypt made starting a business easier by lowering registration fees, improving the process at the one-stop shop and reducing the minimum capital requirement.

Dealing with Construction Permits: Egypt made dealing with construction permits less costly by reducing the fee for registering a new building.

Registering Property: Egypt reduced the cost of registering property by introducing a low fixed fee.

Getting Credit: Egypt improved access to credit information by creating a new private credit bureau, which will distribute negative data on both individuals and firms and, as guaranteed by law, allow borrowers access to their credit information.

Trading across Borders: Egypt made trading across borders easier by improving customs administration.