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Industry minister decrees amends to Industrial Registration Law’s executive regulations - Daily News Egypt

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Industry minister decrees amends to Industrial Registration Law’s executive regulations

Conditional industrial record guarantees seriousness of any industrial project, says minister

Minister of Trade and Industry Tarek Kabil issued on Tuesday a decision to amend some provisions of the Industrial Registration Law 24 of 1977’s executive regulations regarding industrial records, in order to comply with the developments resulting from the issuance of the Industrial Licensing Law.

Kabil pointed out that the decision includes replacing the texts of some of the articles mentioned in the regulations with new ones, for the interest of manufacturers. The decision will also facilitate the issuance of industrial records for serious investors and manufacturers.

Kabil noted that the decision, which will be implemented on the day following its publication in the official state gazette, aims at improving the legislative system adopted by the Ministry of Trade and Industry.

This decision aims at easing the procedures that were facing industrial projects in carrying out their activities while preserving these projects,” the minister noted, adding, “the decision has determined that the application for registration for an industrial record within 30 days from the date of commencement of production at the facility, provided they have an operating license, a recent extract from the commercial record, and a certificate of registration in an industrial chamber which the activity of the facility belongs to.”

For the issuance of an industrial record, Kabil explained that under the new decision, temporary industrial records have been cancelled to comply with the facilitations provided by the Industrial Licensing Law to eliminate the phenomenon of exploitation of facilities for obtaining temporary industrial records without being serious about the establishment of a project.

The decision stipulates that the owner of an establishment [facility] shall be granted the certificate of registration, amendment or renewal of the industrial record, in accordance with the provisions of the second paragraph of article 4 of Law 24 of 1977, which is being prepared by the concerned administrative authority and issued by a decision of the minister of industry.

The minister pointed out that the decision introduced a new article stating that with the approval of the head of the concerned administrative authority, the establishment or the facility may be granted a conditional industrial record until the establishment completes any of the data, documents, and procedures stated in articles 8 and 9 of the regulations, laws, and decisions.

The minister elaborated that this article guarantees the seriousness of any industrial projects.

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