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… - Nevine Gamea

It is important to take into account that this kind of enterprises is often run by one person or one family, which could enfeeble the enterprise's financial position.

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.

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 a unified custom duty of two percent of imported machines and equipment and that capital gains resulting from assets and production equipment will be exempt from taxes with conditions.