The Central Bank of Egypt (CBE) has issued an important circular on August 7, 2024, addressing the procedures for banks operating in Egypt regarding the opening of…
Execution of Ministerial Decree no. 962 of 2021: registration of marketing and advertising agencies in the Commercial Agents’ Registry
In May, 2021, the General Organization of Export and Import Control (“GOEIC”) has announced that they will execute the Decree issued by the Ministry of Foreign Trade and Industry on 4 December, 2012 (the “Decree”).
The Decree provides that all agencies and/or natural persons working in the field of marketing and advertising are required to register their company in the Commercial Agents’ Registry, even if it is not the main activity of the company.
Moreover, the Decree clarifies that any company and/or person operating in a field that includes presenting and/or the marketing of advertising materials for the purpose of publishing or broadcasting same on any kind of broadcast, whether printed material, visual, digital, etc. are subject to this Decree and therefore must be registered in the aforementioned registry.
Eldib & Co will be more than happy to provide any kind of assistance in the registration procedures in compliance with the recent regulations.
