Law no (141/2019) was passed in June 31, 2019, adding clause no (14) to article no (74) of the Investment Law no (72/2017). The new clause allows the General Authority for Investment and Free Zones to request information and data needed to calculate flows and stocks of direct and indirect foreign investments, without prejudice to the considerations of national security or the right to privacy and confidentiality of information and the protection of the rights of others.
Data requested in the quarter form will be used for statistical purposes to assist in the compilation process of foreign investment statistics and will be disseminated on the aggregate level only.
All companies operating in Egypt with foreign shareholders, regardless of the incorporation authority; are required to fill in the form, except upstream exploration companies, which operate under Production Sharing Agreements (PSAs) with governmental entities