Law No. 152 of 2020 promulgating the Micro, Small and Medium Enterprises Development Law (updated until 2023).

This comprehensive law, consisting of 109 articles across nine chapters, aims to enhance the role of the Micro, Small, and Medium Enterprises Development Agency (MSMEDA) under the Prime Minister's purview. Its objective is to support and integrate Micro, Small, and Medium Enterprises (MSMEs) and micro-enterprises from the informal economy into the formal sector. The Law defines SMEs based on turnover and capital, categorizing them into Medium Projects (EGP 50 million to EGP 200 million), Small Projects (EGP 1 million to less than EGP 50 million), and Micro Enterprises (annual turnover below one million pounds or capital below 50 thousand pounds). The legislation includes provisions safeguarding funding institutions, encouraging them to finance MSMEs by offering guarantees for fund recovery in case of non-compliance. The MSMEDA board can issue incentives for participating institutions, mirroring non-tax benefits provided to MSMEs, including training cost coverage, land allocation, and reduced guarantees. Tax incentives for MSMEs encompass exemptions from stamp duties, notarization fees, and registration fees for required land. The Law establishes a 2% custom tax rate for all MSMEs and offers incentives for capital gains taxation. Institutions engaged in activities such as creating industrial clusters or providing business incubator services are also eligible for non-tax benefits. The Law mandates the establishment of governmental outlets to streamline license and approval processes for MSMEs, creating a one-stop-shop environment.