Informal Economy

Egypt launches initiative to contain informal economy using digital payment tools

Sun, 03 Jan 2021 - 11:59 GMT

This initiative comes within the framework of facilitating the compliance of microenterprise finance agencies and their project owners to comply with the requirements of Law No. (18) of 2019 regulating the "use of cashless payment methods."

Egypt’s SMEs draft law exempts informal economy projects from stamp duty

Mon, 27 Apr 2020 - 03:17 GMT

The draft law included the exemption from documentation and a month fees for founding companies, establishments, credit facilities and mortgage contracts related to its business.

Egypt prepares to issue law merging informal economy with legal system

Tue, 06 Aug 2019 - 02:10 GMT

Integrating the informal economy into the formal system of the economy helps combat poverty, which contributes significantly to the acceleration of growth.

Informal economy exceeds 50% of Egyptian economy

Tue, 16 Apr 2019 - 10:05 GMT

The vice president of the Federation of Industries said the integration of small, medium and micro enterprises is an urgent necessity to activate the Egyptian economy.

Movable guarantees registry launched to facilitate funding to SMEs

Sun, 11 Mar 2018 - 01:38 GMT

Minister of Investment and International Cooperation Sahar Nasr launched on Sunday the movable guarantees registry system, which facilitates funding to SMEs.

Shadow economy, main challenge for Egypt, according to AmCham’s head

Mon, 04 Dec 2017 - 04:33 GMT

Turning the shadow economy into an official economy is one of Egypt's main challenges.

New law to legalize informal economy: ministry

Tue, 01 Aug 2017 - 01:07 GMT

The law does not only aim to collect more taxes, but it targets developing SMEs as well, Minister of Industry Tarek Kabil says.