Saturday May 25th, 2024
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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

Foreign Investors Can Now Obtain a Renewable One-Year Residency

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.

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