{"id":1484,"date":"2020-10-14T11:20:21","date_gmt":"2020-10-14T11:20:21","guid":{"rendered":"http:\/\/127.0.0.1:8081\/?page_id=207"},"modified":"2022-02-07T15:25:59","modified_gmt":"2022-02-07T15:25:59","slug":"gafis-new-points-based-system-residence-permits-non-egyptian-investors","status":"publish","type":"post","link":"https:\/\/riad-riad.com\/gafis-new-points-based-system-residence-permits-non-egyptian-investors\/","title":{"rendered":"New point-based residency system for investors"},"content":{"rendered":"\n<p>On the 1st of October 2020, the General Authority for Foreign Investment in Egypt (\u201cGAFI\u201d) issued important rules adopting new \u201cpoints-based\u201d system for the issuance of residence permits for foreign investors (for up to five continuous years).<\/p>\n\n\n\n<p>The residence permits \u2013 according to GAFI\u2019s new rules \u2013 can be granted to companies\u2019 shareholders, partners, business owners, board members and managers.<\/p>\n\n\n\n<p>The criteria considered and points calculation for the issuance of residence permits are the following:<\/p>\n\n\n\n<ul><li>The scope of activities of the project (score up to 20%).<\/li><li>The amount of the paid-in capital of the project (score up to 30%).<\/li><li>The number of employees in the project (score up to 30%).<\/li><li>The location of the project (score up to 20%).<\/li><\/ul>\n\n\n\n<p>The new rules adopted by GAFI target projects which work in certain activities including the following:<\/p>\n\n\n\n<ul><li>New and renewable energy activities.<\/li><li>Heavy industries determined by the Industrial Development Authority (IDA), technology industries (excluding assembly and programming), pharmaceuticals, and food industries.<\/li><li>Educational activities (under university education level).<\/li><li>Integrated development projects (tourism, manufacturing, agricultural projects).<\/li><li>Reclamation and cultivation of lands of not less than 500 feddans.<\/li><li>Establishment of hospitals.<\/li><li>Tourism activities (i.e. establishment and operation of hotels and tourist resorts with minimum capacity of 500 rooms).<\/li><li>Essential utility projects (i.e. water and sewage, electricity, roads, telecommunications and metro lines).<\/li><li>Petroleum projects.<\/li><li>Integrated water desalination projects.<\/li><li>Free zone projects with an export capacity exceeding 80%.<\/li><\/ul>\n\n\n\n<p>For further inquiries, please feel free to contact our partner, <a href=\"https:\/\/riad-riad.com\/index.php\/attorney\/dr-eman-riad\/\" data-type=\"attorney\" data-id=\"218\">Dr. Eman Riad<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On the 1st of October 2020, the General Authority for Foreign Investment in Egypt (\u201cGAFI\u201d) issued important rules adopting new \u201cpoints-based\u201d system for the issuance of residence permits  for foreign investors (for up to five continuous years).<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[32,90,37],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - 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