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Ministers had a busy Tuesday: The Madbouly cabinet yesterday greenlita raft of decisions during its weekly meeting, covering foreign residency permits, freezone equipment, waste management, and healthcare.
Among the most notable:
#1- More time for foreigners without residency permits to sort their documentation out: The government has extended the deadline for foreign residents who do not have residency permits to legalize their stay in the country. The deadline to settle the USD 1k fine and arrange an Egyptian host has now been pushed back six months to the middle of August. The deadline was initially set for December before it was extended to mid March.
#2- Freezone equipment outside freezones: Cabinet approved a draft decision regulating the temporary exit of equipment and machinery from the country’s freezones. Under the draft decision, companies operating projects in freezone are authorized to temporarily move their equipment and tools into Egypt for an extendable six-month period to work on activities related to their freezone project or rent them out.
In case of no-return: The General Authority for Investments will be responsible for paying all customs, VAT, and other taxes and fees due in the event the machines or equipment are not returned to the freezone in due time.
#3- Keeping Egypt clean: The cabinet approved amendments to the executive regulations of the waste management act, defining hazardous waste landfills, with the aim of tightening controls over the country’s integrated waste management system.
Keeping track of the funds: The amendments also see the Central Bank of Egypt setting up a unified account in which the financial resources supporting Egypt’s integrated waste management system will be deposited before they are transferred to sub-accounts.
#4- A French bill of health: The cabinet initially approved a decision that will see the French medical institute Gustave Roussy to turn the Dar El Salam Cancer Hospital into the first international branch of the French Gustave Roussy Institute of Oncology, the statement said. The hospital will be known as the Gustave Roussy International Egypt.
