New Car Import Regulations in Egypt
The Egyptian Gazette published issue 289 "Follow-up" on December 26, 2024, detailing the Ministry of Investment and Foreign Trade's Decision No. 319 for 2024. This decision outlines the conditions for importing vehicles for personal use, based on Law No. 118 of 1975 and its implementing regulations, as well as the ministry's vision to organize the automotive market in Egypt.
Key Conditions for Vehicle Release
The decision includes a set of requirements that must be met for the release of imported vehicles intended for personal use:
- Import is limited to one vehicle per importer over a five-year period.
- Submission of a financial statement demonstrating the importer’s financial solvency.
- Payment for the vehicle must be made using approved banking methods through banks within the Arab Republic of Egypt (completion of Form No. "4"), excluding vehicles for diplomats and Egyptians working abroad, where payment has been made from outside the country.
Exemptions
The provisions of this decision do not apply to the following cases:
- Vehicles that were shipped or arrived at Egyptian ports before the decision came into effect.
- Vehicles for which documentary credits were opened or payments were transferred before the decision took effect.
- Vehicles imported for foreign embassies, international organizations, and experts working in Egypt, in accordance with international agreements and applicable regulations.
Effective Date of the Decision
The decision will take effect the day after its publication in the Egyptian Gazette.
For more details on this decision and to access additional resources, you can visit YallaMotor, the leading platform in the Egyptian market for the latest news and information about vehicles.
Conclusion
This decision aims to regulate the automotive market in Egypt and ensure transparency in the import process. If you are planning to import a vehicle for personal use, make sure to meet the specified conditions to avoid any legal complications.
Attached: Decision Summary
