The Central Bank of Egypt (CBE) has issued an important circular on August 7, 2024, addressing the procedures for banks operating in Egypt regarding the opening of…
Please be advised that the President of the Academy of the Scientific Research and Technology has issued a new Executive Decree, No. 1 of 2017, which has increased the examination fees for patents in Egypt (Attached herein with English translation). In accordance to the attached Executive Order No. 1 of 2017 and associated announcement, the cost for patent examination shall be the equivalent of USD 1,000.00 in accordance to the exchange rate at the time of the executive order`s issuance. Please be advised that the equivalent of USD 1,000.00 on 13 February, 2017 (the issuance date) is EGP 17,530.00 and this rate shall be subject to review on an annual basis. Eldib & Co will make sure to provide you with the equivalent EGP 17,530.00 in USD at the time of the examination fees` payment. Please bear in mind that the exchange rate has been fluctuating recently; for example, the equivalent of EGP 17,530.00 in USD on 13 February, 2017 was USD 1,000.00 and has rose to USD 1,094.00 as of today, 22 February, 2017. We shall keep you updated with the latest developments and kindly send your queries in this regard [email protected].
