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1.

SAUDI ARABIA: New Competition Law Takes Effect on 25 September

15 Oct 2019

The General Authority of Competition (GAC), the government agency tasked with oversight of the Kingdom of Saudi Arabia’s new competition law (Royal Decree No. (M/75) of 1440H), has issued the Implemen...Read More

2.

UAE: Virtual Business Licences Now Available for Overseas Investors in Dubai

14 Oct 2019

A new virtual business scheme designed to attract foreign investment was launched by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, deputy ruler of the Emirate of Dubai on 1 October 2019....Read More

3.

QATAR: Residency for Foreign Investors Now Permitted

11 Oct 2019

Foreign investors and property developers will now be able to apply for Qatari residency without a local sponsor....Read More

4.

GHANA: Government and Industry Agree on Textile Tax Stamp Policy

10 Oct 2019

The Ghanaian government is set to sign an agreement with stakeholders in the country’s textile industry that will implement the textile tax stamp policy proposed last year....Read More

5.

OMAN: New Department Created to Regulate E-commerce and Combat Fraud

8 Oct 2019

Oman’s Ministry of Commerce and Industry (MoCI) is establishing a new department, named the Electronic Commerce Department, which will regulate the country’s fast-growing e-commerce sector....Read More

6.

MAURITIUS: Free Trade Deal with China Confirmed

2 Oct 2019

The Republic of Mauritius has announced a free trade deal with People’s Republic of China. Both parties will benefit from improved access to each other’s markets, with over 8,000 types of Mauritian pr...Read More

7.

JORDAN: New Free Zone Opens at Queen Alia International Airport

25 Sept 2019

A new free zone has opened at Jordan's Queen Alia International Airport (QAIA) on 2 September. Built at a cost of US$53.6 million, the one-square-kilometre zone replaces the smaller three-hectare free...Read More

8.

AFRICA: Tripartite Free Trade Area Agreement to Launch in 2020

24 Sept 2019

Africa’s Tripartite Free Trade Area (TFTA), an agreement comprised of three regional economic blocs, is expected to be operational by 2020....Read More

9.

RWANDA: Deposits for Mombasa Shipping Containers Axed

23 Sept 2019

The US$2,000 container deposit guarantee requirement at the port of Mombasa has been removed....Read More

10.

KENYA: 30% Electricity Rebate for Manufacturers

16 Sept 2019

The Kenyan Ministry of Energy gazetted the criteria for determining the electricity expenses rebate, due under the country’s Finance Act 2018 in Legal Notice 132 of 2019. The Act introduced a 30% elec...Read More

11.

NIGERIA: 5% VAT on All Online Purchases from January 2020

9 Sept 2019

From January 2020, Nigerian bank card issuers and other electronic payment service providers will automatically collect 5% value added tax (VAT)....Read More

12.

JORDAN: New E-commerce Customs Platform and Lower Duty-Free Allowances

6 Sept 2019

Jordan has introduced a new online platform for e-commerce customs processing, while also drastically reducing personal allowances for duty-free cross border e-commerce purchases....Read More

13.

OMAN: New Foreign Capital Investment Law Takes Effect in January 2020

2 Sept 2019

Foreign investment restrictions in Oman will be relaxed from the start of 2020, following approval of a new law intended to boost investment in the sultanate. Overseas investors will no longer be requ...Read More

14.

ETHIOPIA: Cotton and Other Commodities Required to Trade on Official Exchange

30 Aug 2019

The Ethiopian government is combatting its contraband problem by requiring that all pulses and some other crop-based commodities are traded only on the Ethiopian Commodity Exchange (ECX)....Read More

15.

KENYA: New Cargo Clearing System Introduced

27 Aug 2019

Cargo entering Kenya will now be handled by a new automated clearing system, the Integrated Customs Management System (iCMS). Although intended to streamline the customs clearing process, some importe...Read More

16.

MAURITIUS: Investors in Innovative Sectors Courted with Tax Breaks

26 Aug 2019

Companies can now enjoy lengthy tax holidays on income derived from innovative technologies developed in Mauritius. Sectors set to benefit include information technology, e-commerce, banking and energ...Read More

17.

BAHRAIN: Central Bank Issues Rules on Insurance Aggregators

23 Aug 2019

The Central Bank of Bahrain (CBB) has issued new rules and clarification on insurance aggregators as the country moves towards further adoption of insurance technology (insurtech)....Read More

18.

UAE: 1% Fee Waived on Re-Export Deposit Refund

22 Aug 2019

Companies operating in or trading with the United Arab Emirates (UAE) will no longer have to pay a 1% fee when seeking a refund for the security deposit paid for the value of temporarily imported good...Read More

19.

AFRICA: HK Customs Extends FTA Transhipment Scheme to LDCs

21 Aug 2019

The FTA Scheme–Transhipment Cargo heading for the Mainland will be extended from the 1 August 2019 to those countries covered by the Special Preferential Tariff Treatment to the Least Developed Countr...Read More

20.

EGYPT: Law Change Enables Citizenship for Investors

20 Aug 2019

Foreigners who invest at least seven million Egyptian pounds (US$422,000) in the country now have a route to Egyptian citizenship....Read More

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