Investment Laws

• Law no. 8 issued on 11/5/1977 presents incentives and facilitation to attract investors and to guarantee to their projects sufficient protection. Through this law, investors enjoy from several taxes exemptions according to their activities and locations of these activities.
• The law executive regulation no. 1247/2004 issued by cabinet president has illustrated in details different activities authorized through this law, specially in the field of maritime transport and shipping activities performed in Egyptian ports as follows:-

1^st section: Internal Investment:

Included the following activities:

• Establishing marinas yachts, diving centers and related activities.
• Reefer transport for cargoes and refrigerators.
• Containers handling terminals.
• Grain storage warehouses.
• Stevedoring activities

High seas maritime transport including:

• Transporting raw materials, cargoes and passengers outside territorial water.
• Establishing natural gas reception terminals or preparing it to be distributed through tankers.

2^nd section: Free zone investment system:

According to maritime transport activity and services, this system includes renting and owning high seas vessels working, also transporting different kind of cargoes, containers, stevedoring services, equipment maintenance.

At the national level, there are 7 free zones, maritime transport sector are interested on 4 of them, as follows:

• Port Said general free zone ( prime minister decree no. 1172 /2003 amended name and boundaries Port Fouad branch general free zone to become Port Said general free zone.
• Suez general free zone in which there are 3 general free zones: Port Tawfic free zone, Adabia free zone, Ataka industrial free zone)
• Damietta free zone
• Alexandria general free zone