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Egypt: New GAFI Decree simplifying Corporate Procedures

The General Authority for Investment and Free Zones aims at facilitating investment, and therefore the Chairman of the Board of Directors of the Authority issued decree No. 270 of the year 2023. The text of the Decree included dispensing with some of the documents required to be submitted by companies during the filing procedures for the annual General meetings, Board of Directors meetings, Extraordinary Meetings … etc. Article No. (1) of the decree stipulates: “Reducing the number of...