The General Authority for Investment and Free Zones (GAFI) in Egypt is set to launch a digital platform for company formation on 1 July. This initiative is expected to revolutionize the process of establishing companies in the country by allowing investors to complete the necessary procedures electronically in just a few minutes.
According to Hossam Haiba, Chairperson of GAFI, the digital platform is part of the authority’s effort to expedite the resolution of investors’ problems. Haiba emphasized that GAFI aims to deal with these issues faster than the regulations and laws allow, with the goal of ensuring that investors receive their rights quickly.
During an iftar event organized by the Alexandria Businessmen Association, Haiba stated that the authority is working on developing the investment map of Egypt. This map will include all investment opportunities, projects and locations in the country and will provide a comprehensive guide for potential investors. Moreover, the private sector will be invited to add investment opportunities to this map.
