The Law of establishment of new urban communities No 59 year 1979
Co-operative Housing Law No. 14 year 1981 and its Implementing regulation. and the Law of Urban Planning No. 3 year 1982 and its Implementing regulation and The Law of establishment of new urban communities No 59 year 1979 and The law of directing and organizing the construction work No. 106 year 1976, and its amendments, and Implementing regulation
The Law of establishment of new urban communities No 59 year 1979. The Law also gives an advantage tax for the parties dealing with the urban communities authority to encourage investors since it exempt the authority, individuals, companies and entities contracting with them from customs duties and other charges on imports for the projects concerning the new urban communities and this in according to the provisions contained in Law No. 62 of 1974 concerning certain provisions for reconstruction and its amendments. Shall be exempt from all taxes, fees and interest due on loans and credit facilities that granted to the authority to finance projects under the provisions of this law. And it is applicable in respect of the rules and provisions of the re-export of capital invested in projects that are subjected to the provisions of this Act to the outside or to dispose it and transfer the net return (revenue) to the outside the same rules and provisions governing the investment of Arab and foreign capital investment ,and free zones, and that for what is not given better facilities in this Act and in the application of this provision the board have the same powers of the Board of Directors of the General authority for Investment and Free Zones in this regard. Occupants of the real estate which are held in the new urban communities are exempted from what is owed by them from the tax on built real estate, and taxes and surcharges relating to theses buildings of any description whatsoever it's description or the source of its imposition and this for a period of ten years from the date of completion of the real estate and it's validity to use in the purpose that it was built for ,when this was done in the dates set by the board of the corporation and this clause was amended with new real estate tax law No. 196 of 2008, which will be discussed later. It is already clear from what is said previously that this law is one of the most important laws that has enriched and developed the real estate sector and the urban sprawl in general, and it was the beginning of a trend to establish new urban communities that have helped the trend towards the redistribution of population out of the narrow ancient cities and building of new cities which have the advantages of healthy housing, planned roads and wide parks, this is made by taking into consideration the building ratios and height determination, as well as provide all the medical and educational services, transportation and communications, which led to the existence of civilized cities that will be an honourable form to Egypt such as El Rehab city – El- Shorok city - Madinaty - the sixth of October - Sheikh Zayed - Sadat - Burj Al Arab, and others.