{"id":1464,"date":"2019-08-28T07:45:00","date_gmt":"2019-08-28T07:45:00","guid":{"rendered":"http:\/\/127.0.0.1:8081\/?page_id=159"},"modified":"2019-08-28T07:45:00","modified_gmt":"2019-08-28T07:45:00","slug":"new-rules-work-permit-foreign-shareholders-and-managers","status":"publish","type":"post","link":"https:\/\/riad-riad.com\/new-rules-work-permit-foreign-shareholders-and-managers\/","title":{"rendered":"New Rules for Work Permit of Foreign Shareholders and Managers"},"content":{"rendered":"

In order to extract a work permit for a foreign shareholder or manager to work in an
\nEgyptian company incorporated under the Companies Law no. 159 of 1981, certain
\nrequirements relating to the capital of the company should be met. This is according to a
\nrecent internal circular issued by the Ministry of Manpower in this respect. <\/p>\n

Below is a table summarizing the number of foreigners permitted to work in the
\nEgyptian companies and its related capital requirement. <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Type of Company<\/th>\nNumber of Foreigners \u00a0\u00a0\u00a0\u00a0\u00a0<\/th>\nCapital Requirement<\/th>\n\u00a0\u00a0\u00a0\u00a0\u00a0Position<\/th>\n<\/tr>\n<\/thead>\n
Joint Stock Company<\/strong><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n1 Foreigner<\/td>\nAt least $35,000<\/td>\n– Whether a: \u2022shareholder;<\/td>\n<\/tr>\n
<\/td>\nUp to 3 Foreigners<\/td>\nAt least $50,000<\/td>\n\u2022board member;or<\/td>\n<\/tr>\n
<\/td>\nMaximum 6 Foreigners<\/td>\nMore than $100,000<\/td>\n\u2022Chairman.<\/td>\n<\/tr>\n
Limited Liability Company<\/strong><\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n1 Foreigner<\/td>\nAt least $35,000<\/td>\n– Whether a: \u2022quota holder; or<\/td>\n<\/tr>\n
<\/td>\nUp to 3 Foreigners<\/td>\n$50,000 or more<\/td>\n\u2022manager.<\/td>\n<\/tr>\n
<\/td>\nMaximum 6 Foreigners<\/td>\nAt least $100,000
to be fully paid<\/td>\n		<\/td>\n<\/tr>\n
Sole Shareholder Company<\/strong><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
a) In case the founder or<\/td>\n1 Foreigner<\/td>\nAt least $ 35,000<\/td>\n– Whether: \u2022the owner of the business; or<\/td>\n<\/tr>\n
the owner of the company<\/td>\n2 Foreigners<\/td>\nAt least $50,000<\/td>\n\u2022the company\u2019s manager<\/td>\n<\/tr>\n
is a natural person<\/td>\nMaximum 3 Foreigners<\/td>\nAt least $100,000<\/td>\n– One of them should be the business owner.<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
(b)In case the founder or<\/td>\nMaximum 2 Foreigners<\/td>\nAt least $50,000<\/td>\n– Company’manager<\/td>\n<\/tr>\n
the owner of the company<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
is a legal entity<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

In order to extract a work permit for a foreign shareholder or manager to work in an Egyptian company incorporated under the Companies Law no. 159 of 1981, certain requirements relating to the capital of the company should be met.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"yoast_head":"\nNew Rules for Work Permit of Foreign Shareholders and Managers - riad-riad.com<\/title>\n<meta name=\"description\" content=\"New Rules for Work Permit of Foreign Shareholders and Managers\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/riad-riad.com\/new-rules-work-permit-foreign-shareholders-and-managers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Rules for Work Permit of Foreign Shareholders and Managers - riad-riad.com\" \/>\n<meta property=\"og:description\" content=\"New Rules for Work Permit of Foreign Shareholders and Managers\" \/>\n<meta property=\"og:url\" content=\"https:\/\/riad-riad.com\/new-rules-work-permit-foreign-shareholders-and-managers\/\" \/>\n<meta property=\"og:site_name\" content=\"riad-riad.com\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-28T07:45:00+00:00\" \/>\n<meta name=\"author\" content=\"Mohamed\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohamed\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/riad-riad.com\/new-rules-work-permit-foreign-shareholders-and-managers\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/riad-riad.com\/new-rules-work-permit-foreign-shareholders-and-managers\/\"},\"author\":{\"name\":\"Mohamed\",\"@id\":\"https:\/\/riad-riad.com\/#\/schema\/person\/343abff9d1fb725bfa1dbf1244aab1cb\"},\"headline\":\"New Rules for Work Permit of Foreign Shareholders and Managers\",\"datePublished\":\"2019-08-28T07:45:00+00:00\",\"dateModified\":\"2019-08-28T07:45:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/riad-riad.com\/new-rules-work-permit-foreign-shareholders-and-managers\/\"},\"wordCount\":215,\"publisher\":{\"@id\":\"https:\/\/riad-riad.com\/#organization\"},\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/riad-riad.com\/new-rules-work-permit-foreign-shareholders-and-managers\/\",\"url\":\"https:\/\/riad-riad.com\/new-rules-work-permit-foreign-shareholders-and-managers\/\",\"name\":\"New Rules for Work Permit of Foreign Shareholders and Managers - riad-riad.com\",\"isPartOf\":{\"@id\":\"https:\/\/riad-riad.com\/#website\"},\"datePublished\":\"2019-08-28T07:45:00+00:00\",\"dateModified\":\"2019-08-28T07:45:00+00:00\",\"description\":\"New Rules for Work Permit of Foreign Shareholders and Managers\",\"breadcrumb\":{\"@id\":\"https:\/\/riad-riad.com\/new-rules-work-permit-foreign-shareholders-and-managers\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/riad-riad.com\/new-rules-work-permit-foreign-shareholders-and-managers\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/riad-riad.com\/new-rules-work-permit-foreign-shareholders-and-managers\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/riad-riad.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New Rules for Work Permit of Foreign Shareholders and Managers\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/riad-riad.com\/#website\",\"url\":\"https:\/\/riad-riad.com\/\",\"name\":\"riad-riad.com\",\"description\":\"Just another WordPress site\",\"publisher\":{\"@id\":\"https:\/\/riad-riad.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/riad-riad.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/riad-riad.com\/#organization\",\"name\":\"Riad & Riad\",\"url\":\"https:\/\/riad-riad.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/riad-riad.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/riad-riad.com\/wp-content\/uploads\/2021\/10\/cropped-forfavi-wordpress.png\",\"contentUrl\":\"https:\/\/riad-riad.com\/wp-content\/uploads\/2021\/10\/cropped-forfavi-wordpress.png\",\"width\":512,\"height\":512,\"caption\":\"Riad & Riad\"},\"image\":{\"@id\":\"https:\/\/riad-riad.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/riad-riad.com\/#\/schema\/person\/343abff9d1fb725bfa1dbf1244aab1cb\",\"name\":\"Mohamed\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/riad-riad.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0aa5d2ad24184dfcc5bc7e23aac5981f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0aa5d2ad24184dfcc5bc7e23aac5981f?s=96&d=mm&r=g\",\"caption\":\"Mohamed\"},\"sameAs\":[\"https:\/\/riad-riad.com\"],\"url\":\"https:\/\/riad-riad.com\/author\/mohamed\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"New Rules for Work Permit of Foreign Shareholders and Managers - riad-riad.com","description":"New Rules for Work Permit of Foreign Shareholders and Managers","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/riad-riad.com\/new-rules-work-permit-foreign-shareholders-and-managers\/","og_locale":"en_US","og_type":"article","og_title":"New Rules for Work Permit of Foreign Shareholders and Managers - riad-riad.com","og_description":"New Rules for Work Permit of Foreign Shareholders and Managers","og_url":"https:\/\/riad-riad.com\/new-rules-work-permit-foreign-shareholders-and-managers\/","og_site_name":"riad-riad.com","article_published_time":"2019-08-28T07:45:00+00:00","author":"Mohamed","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Mohamed","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/riad-riad.com\/new-rules-work-permit-foreign-shareholders-and-managers\/#article","isPartOf":{"@id":"https:\/\/riad-riad.com\/new-rules-work-permit-foreign-shareholders-and-managers\/"},"author":{"name":"Mohamed","@id":"https:\/\/riad-riad.com\/#\/schema\/person\/343abff9d1fb725bfa1dbf1244aab1cb"},"headline":"New Rules for Work Permit of Foreign Shareholders and Managers","datePublished":"2019-08-28T07:45:00+00:00","dateModified":"2019-08-28T07:45:00+00:00","mainEntityOfPage":{"@id":"https:\/\/riad-riad.com\/new-rules-work-permit-foreign-shareholders-and-managers\/"},"wordCount":215,"publisher":{"@id":"https:\/\/riad-riad.com\/#organization"},"articleSection":["News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/riad-riad.com\/new-rules-work-permit-foreign-shareholders-and-managers\/","url":"https:\/\/riad-riad.com\/new-rules-work-permit-foreign-shareholders-and-managers\/","name":"New Rules for Work Permit of Foreign Shareholders and Managers - riad-riad.com","isPartOf":{"@id":"https:\/\/riad-riad.com\/#website"},"datePublished":"2019-08-28T07:45:00+00:00","dateModified":"2019-08-28T07:45:00+00:00","description":"New Rules for Work Permit of Foreign Shareholders and Managers","breadcrumb":{"@id":"https:\/\/riad-riad.com\/new-rules-work-permit-foreign-shareholders-and-managers\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/riad-riad.com\/new-rules-work-permit-foreign-shareholders-and-managers\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/riad-riad.com\/new-rules-work-permit-foreign-shareholders-and-managers\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/riad-riad.com\/"},{"@type":"ListItem","position":2,"name":"New Rules for Work Permit of Foreign Shareholders and Managers"}]},{"@type":"WebSite","@id":"https:\/\/riad-riad.com\/#website","url":"https:\/\/riad-riad.com\/","name":"riad-riad.com","description":"Just another WordPress site","publisher":{"@id":"https:\/\/riad-riad.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/riad-riad.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/riad-riad.com\/#organization","name":"Riad & Riad","url":"https:\/\/riad-riad.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/riad-riad.com\/#\/schema\/logo\/image\/","url":"https:\/\/riad-riad.com\/wp-content\/uploads\/2021\/10\/cropped-forfavi-wordpress.png","contentUrl":"https:\/\/riad-riad.com\/wp-content\/uploads\/2021\/10\/cropped-forfavi-wordpress.png","width":512,"height":512,"caption":"Riad & Riad"},"image":{"@id":"https:\/\/riad-riad.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/riad-riad.com\/#\/schema\/person\/343abff9d1fb725bfa1dbf1244aab1cb","name":"Mohamed","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/riad-riad.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0aa5d2ad24184dfcc5bc7e23aac5981f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0aa5d2ad24184dfcc5bc7e23aac5981f?s=96&d=mm&r=g","caption":"Mohamed"},"sameAs":["https:\/\/riad-riad.com"],"url":"https:\/\/riad-riad.com\/author\/mohamed\/"}]}},"_links":{"self":[{"href":"https:\/\/riad-riad.com\/wp-json\/wp\/v2\/posts\/1464"}],"collection":[{"href":"https:\/\/riad-riad.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riad-riad.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riad-riad.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/riad-riad.com\/wp-json\/wp\/v2\/comments?post=1464"}],"version-history":[{"count":0,"href":"https:\/\/riad-riad.com\/wp-json\/wp\/v2\/posts\/1464\/revisions"}],"wp:attachment":[{"href":"https:\/\/riad-riad.com\/wp-json\/wp\/v2\/media?parent=1464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riad-riad.com\/wp-json\/wp\/v2\/categories?post=1464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riad-riad.com\/wp-json\/wp\/v2\/tags?post=1464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}