Australian companies are advised to spend time investigating the market, obtain professional advice where appropriate and thoroughly investigate the issues in entering the market and before establishing business relationships.
Australian firms wishing to operate in this market should commit to the highest level of corporate behaviour and familiarise themselves with Australia's laws and penalties pertaining to bribery of foreign officials.
Bribery of foreign public officials is a crime. Australian individuals and companies can be prosecuted in Australia for bribing foreign officials when overseas. Further information on the regulations governing bribery of foreign public officials is available.
For further information on frauds, scams, personal and asset security, intellectual property protection and other business risks please read more about legal issues.
Intellectual property protection
Intellectual property law in Egypt conforms to international standards and provides recourse for infringements. Egypt is a member of the World Intellectual Property Organisation (WIPO) and a signatory to the Paris, Madrid and Bern Conventions. Patent protection is valid for 20 years from the date of application.
The legal system is based on a combination of Napoleonic Codes, Roman law and Islamic law. There are three tiers in the court system, with commercial and contractual disputed adjudicated by the ‘Court of First Degree’ (Mahkmat El Daragah El Aoulah).
There are also a number of specialised courts, such as the Economic Courts and Environmental Courts. Importantly, the Economic Court is tasked with the protection and encouragement of investment; being competent for cases regarding commercial and banking transactions. Arbitration is governed by law no. 27/1994 and there are many international arbitration centres available.