10 Hrs
Source:
اليوم السابع
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New Private Sector Fundraising Regulations
The Law on Organizing Non-Governmental Work No. 149 of 2019 establishes strict regulations for fundraising activities to organize the collection of funds and ensure they are directed towards the declared purposes. The law requires obtaining prior authorization from the competent authorities for non-governmental associations within Egypt, whether from individuals or licensed Egyptian or foreign entities. Those initiating fundraising efforts must notify the competent authorities within three days, and funds cannot be used until proper permits are obtained and expenses are approved. The law also prohibits financial speculations and emphasizes the importance of spending funds on designated purposes, while allowing the investment or reallocation of surpluses into projects that support the activities of associations, within the regulations set by the law. Its aim is to enhance transparency and oversight in the collection and distribution of donations to ensure that funds are directed towards legally specified objectives.
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