Amendments to Egypt’s Importer’s Register Law

On 29 October 2023 Law No. 173 of 2023 (referred to as the “Law“) was officially enacted and published in the Official Gazette. This Law introduces amendments to the Importer’s Register Law, No. 121 of 1982. The amendment to the Law includes the provision for foreign investors to become eligible candidates for registration. This change will come into effect on the day immediately following its publication, which is October 30, 2023.

Eligible Entities for Importer’s Register Registration:

The provision of the Law permit joint-stock companies, partnerships limited by shares, limited liability companies, and partnerships. Importantly, these entities can now register even if foreign partners hold ownership stakes exceeding 51%, and Egyptian partners possess less than 51% of the capital.

Duration of the Registration:

Under the new regulations, the maximum registration period shall not exceed 10 years. Extensions are also possible, subject to a decision made by the Cabinet based on recommendations from the responsible minister overseeing foreign trade affairs. An additional term may be granted upon approval.

How can we help?

If you require further information regarding this recently enacted Law, please don’t hesitate to reach out to our key contacts listed below. They will be pleased to provide you with any necessary details.