New Regulations for Personal Car Imports in Egypt
The Egyptian Official Gazette published in issue 289 "Follow-up" on December 26, 2024, the decision from the Ministry of Investment and Foreign Trade, No. 319 of 2024, which outlines the conditions for importing cars for personal use. This decision is based on Law No. 118 of 1975 and its supplementary regulations, in addition to the Ministry's vision for organizing the automotive market in Egypt.
Key Conditions for Car Release
The decision includes several conditions that must be met for the release of imported vehicles meant for personal use:
- Import is limited to one car per importer over a five-year period.
- Submission of a financial statement that demonstrates the importer's financial solvency.
- Payment for the vehicle must be made through approved banking methods within the Arab Republic of Egypt (completion of Form No. "4"), except for vehicles belonging to diplomats and Egyptians working abroad, which can be paid from abroad.
Exempt Cases
The provisions of this decision do not apply to the following cases:
- Vehicles that were shipped or arrived at Egyptian ports prior to the decision's effective date.
- Vehicles for which a letter of credit was opened or payment was transferred before the decision's effective date.
- Vehicles imported for foreign embassies, international organizations, and experts working in Egypt, according to international agreements and applicable regulations.
Implementation Date of the Decision
This decision will take effect from the day following its publication in the Egyptian Official Gazette.
For more details about this decision and to explore additional resources, you can visit YallaMotor, the leading platform in the Egyptian market for the latest news and information about cars.
Conclusion
This decision aims to regulate the automotive market in Egypt and ensure transparency in the import process. If you plan to import a car for personal use, make sure to meet the specified conditions to avoid any legal complications.
Document Attached: Decision Summary
