The law sets that informal enterprises applying to formalise will be exempt from the stamp duty and registration fees for five years. It also states … - Nevine Gamea

Under the law, the enterprise premises shall be temporarily allocated to the funding institution, thereby securing its fund recovery rights according to the risks it shoulders.

The law encompasses six major pillars. It gives a consolidated definition for MSMEs. A serious problem the MSMEs sector was facing in Egypt is having more than one definition for these enterprises. This has resulted in widescale confusion that negatively affected the sector.

The law gives as well more financial and non-financial incentives, which targets the companies and institutions that support these enterprises. In addition, it adopts simplified bases for taxes imposed on these enterprises and develops mechanisms to put these incentives in action.