Starting an Import Business in Egypt

Egypt has opened its doors wider to foreign investment through Law No. 173 of 2023. Foreign investors can now own 100% of import companies in Egypt. Here’s your comprehensive guide to the registration requirements.

The Financial Requirements:-
– Minimum capital: 2 million Egyptian pounds (must be fully paid)
– Previous year’s business volume: At least 5 million Egyptian pounds
– The company must have at least one year of import activity

The Personnel Requirements:-
– The import operations manager must be Egyptian
– Must provide proof of import expertise through:
– Social Insurance Authority certification of import experience, or
– Completion of an approved import training course

Essential Documentation:-

First: The Company Formation Documents
– Completed registration form with authorized signatures
– Articles of association and any amendments
– Recent commercial register extract (issued within 3 months)
– Valid tax card showing import activity
– Latest approved tax statement
– Bank certificate confirming paid capital (if not stated in commercial register)

Second: The Personal Documentation
For the Egyptian Import Manager:
– National ID card (original and copy)
– Birth certificate
– Social insurance barcode card (S1 Insurance)
– Signed declaration for the Importers Register

If Using an Agent:
– Notarized power of attorney
– Agent’s ID/passport
– Signed declaration of power of attorney validity

Third: Additional Requirements
– For chemical industry products (Group 6): Special declaration required
– Import activity groups must match those listed in commercial register

What Makes This Law Special?
The amendment to Law No. 121 of 1982 represents a significant shift in Egypt’s import sector. By allowing 100% foreign ownership, Egypt is creating new opportunities for international investors while maintaining safeguards through local expertise requirements.

Our expert team at Legal Way can guide you through each step of the registration process. Contact us to ensure your documentation meets all current requirements and to begin your import business journey in Egypt effectively.