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Investment Law sets 10% for community and environment
Egypt's Investment Law grants investors the right to allocate up to 10% of their annual profits to achieve community and environmental development goals. This can be done through the creation of programs supporting environmental protection, healthcare, vocational education, and scientific research. These funds may be used up to a maximum of 10% of net profits and can be deducted as expenses according to the tax laws. Additionally, the law stipulates the preparation of a list of the most important sectoral and geographical development projects and prohibits the use of these programs for political or discriminatory purposes, aiming to promote organized and transparent corporate social responsibility.
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