Tuesday December 5th, 2023
Download SceneNow app
Dec 05,2023

Foreign Investors Can Now Obtain a Renewable One-Year Residency

The Ministry of Interior amended the residency law for foreign investors to streamline the process of establishing companies.

Cairo Scene

To further attract foreign investments and streamline the process of establishing companies, the Ministry of the Interior has announced that foreign investors who apply to the General Authority for Investment will be granted a one-year residency.

This residency, intended for ‘non-tourism purposes’, can now be renewed for an additional period of six months or a year.