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Investment services office for Egyptians abroad

The Minister of Investment and International Cooperation Dr. Sahar Nasr met with the Minister of Immigration and Egyptian Expatriate Affairs Ms. Nabila Makram at MIIC premises, on Tuesday, where the latter proposed the establishment of an Egyptian expatriate office in the Investors Service Center (ISC).

Dr. Nasr indicated that MIIC aimed to facilitate procedures for the investors to invest in Egypt, including Egyptian expatriates, noting that she would establish an Egyptian expatriate office in ISC as she decided to set up a Business Facilitation Office for Businesswomen.

She further reiterated that the new Investment Law provided for the presence of representatives from 74 agencies at ISC to facilitate procedures for investors, thereby facilitate and accelerate procedures for Egyptian expatriates. The Investment Law also, as stated by Dr. Nasr, provided for equality between men and women in terms of investment opportunities.

On her part, Ms. Makram mentioned that the Ministry of Immigration worked on issuing the consular ID (CID) card, issued by Egyptian consulates abroad for Egyptian expatriates to facilitate and accelerate all procedures for them such as investment and housing procedures. She pointed out that ‘Egypt Can’ Conference held for Egypt’s scientists abroad and the ‘Egyptian Women Are Capable’ Conference ended with the participants’ wish to invest in Egypt.

In addition, both Ministers discussed facilitations for Egyptian expatriates though online incorporation procedures on MIIC’s website, besides engaging them in the Egyptian Exchange and holding training courses for youth prone to illegal immigration.

Both officials also agreed to have both Ministries’ websites linked and to have services provided by them to Egyptian expatriates announced. They also agreed that the Investment Law’s draft executive regulations should enlist Egyptian expatriates among those benefiting from the guarantees and incentives provided for by the Law, and that a promotional campaign be conducted abroad to encourage Egyptian expatriates to invest in Egypt.

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