ARTICLE · 08 JANUARY 2019

Latest Updates With Regards To Foreign Representative Offices In Egypt

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This deadline may also be extended for an additional year in exceptional circumstances, subject to GAFI's assessment .

EgyptStrategy

Egypt's General Authority for Investment and Free Zones (GAFI) issued Decision No. 742 of 2018 . The decision concerns foreign representative offices operating in Egypt, effectively implementing new controls for their operation.

In Egypt, representative office are permitted to operate solely for the purposes of conducting market studies and research, and are prohibited from taking part in any trading activities. Under this decision, offices which are compliant with this definition will be required to register as a branch or subsidiary within three years from the date of their establishment. This deadline may also be extended for an additional year in exceptional circumstances, subject to GAFI's assessment .

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