Law No. 173 of the Year 2023 On Excepting Entry of Certain Companies Not Owned By Egyptians Or Owned Thereby At A Rate Less Than (51%) From Some Provisions of Law No. 121 of the Year 1982 Concerning the Importers’ Register

Abstract

Article 1: As an exception to the first paragraph of item (second/e) of article (2) of law no. 121 of the year 1982 on the importers’ register, joint stock companies, partnerships limited by shares, limited liability companies or partnerships, where the stocks or shares of their partners are not owned by Egyptians or owned thereby at a rate less than (51%), may be recorded in the importers’ register, provided that the total periods of entry in the register shall not be more than ten years as of the date of enforcing the provisions of the present law. Such period may be extended to one other period only of not more than ten years, by virtue of a decree to be issued by the cabinet based on the proposition of the minister concerned with foreign trade affairs.