{"id":633155,"date":"2018-02-28T04:23:36","date_gmt":"2018-02-28T04:23:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/28\/import-companies-can-now-have-a-non-egyptian-manager-shahid-law-firm\/"},"modified":"2018-02-28T04:23:36","modified_gmt":"2018-02-28T04:23:36","slug":"import-companies-can-now-have-a-non-egyptian-manager-shahid-law-firm","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/28\/import-companies-can-now-have-a-non-egyptian-manager-shahid-law-firm\/","title":{"rendered":"Import companies can now have a non-Egyptian manager -Shahid Law Firm"},"content":{"rendered":"

<\/a> FIRST LOOK- Import companies can how have a non-Egyptian manager -Shahid Law Firm. <\/strong>Our friends at Shahid Law Firm<\/a> tell us that they have obtained official confirmation from the General Organization for Export and Import Control (GOEIC) that \u201cthe day-to-day management and financial control of import companies can now be handled by non-Egyptians<\/strong>, provided that the requirement of appointment of an Egyptian import administrator is at all times satisfied.\u201d The news, which Shahid will be sending in a note to clients today, comes pursuant to recent amendments to the Importer Registry Act (law 121 of 1982), which for the first time allows non-Egyptians to own up to 49% of the share capital of an import company. \u201cWhile the amendments clearly stipulated that only the import administrator must be Egyptian, neither the amendments nor the executive regulations of the Law determined whether this nationality requirement extends to the company\u2019s management; hence the pressing need for clarity,\u201d the firm said.<\/p>\n","protected":false},"excerpt":{"rendered":"

FIRST LOOK- Import companies can how have a non-Egyptian manager -Shahid Law Firm. Our friends at Shahid Law Firm tell us that they have obtained official confirmation from the General Organization for Export and Import Control (GOEIC) that \u201cthe day-to-day management and financial control of import companies can now be handled by non-Egyptians, provided that […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-633155","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"7ebecdd7-b5d7-4e41-9219-5d62dd4e6888","order":"0","is_powered_by":true,"section_story_id":"4b0a757f-60d7-40dc-8e33-5c7659837d39","story_type":"1","photo_url":"","photo_position":"above","related_issue":[633142],"teaser":"","voice_url":""},"yoast_head":"\nImport companies can now have a non-Egyptian manager -Shahid Law Firm - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/28\/import-companies-can-now-have-a-non-egyptian-manager-shahid-law-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Import companies can now have a non-Egyptian manager -Shahid Law Firm\" \/>\n<meta property=\"og:description\" content=\"FIRST LOOK- Import companies can how have a non-Egyptian manager -Shahid Law Firm. Our friends at Shahid Law Firm tell us that they have obtained official confirmation from the General Organization for Export and Import Control (GOEIC) that \u201cthe day-to-day management and financial control of import companies can now be handled by non-Egyptians, provided that […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/28\/import-companies-can-now-have-a-non-egyptian-manager-shahid-law-firm\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-28T04:23:36+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\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:\/\/enterpriseam.com\/egypt\/2018\/02\/28\/import-companies-can-now-have-a-non-egyptian-manager-shahid-law-firm\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/28\/import-companies-can-now-have-a-non-egyptian-manager-shahid-law-firm\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Import companies can now have a non-Egyptian manager -Shahid Law Firm\",\"datePublished\":\"2018-02-28T04:23:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/28\/import-companies-can-now-have-a-non-egyptian-manager-shahid-law-firm\/\"},\"wordCount\":167,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/28\/import-companies-can-now-have-a-non-egyptian-manager-shahid-law-firm\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/28\/import-companies-can-now-have-a-non-egyptian-manager-shahid-law-firm\/\",\"name\":\"Import companies can now have a non-Egyptian manager -Shahid Law Firm - 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