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FINANCIAL NEWS
Egypt’s Ministry of Investment cancels USD 1.27mn fee
17 Feb 2016
(MENAFN) The Ministry of Investment cancelled the minimum fee of USD 1.27mn for recording in Misr for Central Clearing, Depository, and Registry (MCDR).
Moreover, this step will ease the way for SMEs to log in the central depository system, which will support safeguard investors’ rights through saving their securities electronically.
Accordingly, small firms with capita of less than USD 0.63mn will pay USD 63.67mn in registration salaries, rather than USD 636.7mn as an annual fee.
Additionally, this step is planned to support companies to list their shares under the central depository system, determining the fees was transferred under the minister of investments.
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