Source: The Tahrir Institute for Middle East Policy
Original Link: https://timep.org/reports-briefings/timep-brief-industrial-licensing-law/
Summary: The Industrial Licensing Law mandates that the Industrial Development Authority (IDA) respond to a request by a business for licensing within 30 days of the request being filed or the request will be considered granted. Licenses will be offered to businesses based on two separate criteria depending on the type of factory. Businesses classified as heavy industries that pose significant environmental or safety concerns must receive prior approval from the IDA and pay up to 20,000 Egyptian pounds (LE) in fees. Smaller businesses that do not hold similar externalities are required to inform the IDA of their intent to open a factory; they are subsequently given a temporary 90-day permit to meet the IDA’s standards in order to continue operations. If businesses do not comply with the standards within the 90-day period, they can be granted a 180-day extension to fully comply with the requirements. The law also tightenspenalties for violators of the law by subjecting individuals to up to one year in prison and a fine of LE10 million for violating components of the licensing process.
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