Egypt attracted $500 million from expat customs-free car import initiative: Minister

Tue, 18 Apr 2023 - 12:58 GMT

The Egyptian government has attracted $500 million from expatriates as part of an initiative allowing them to import cars for personal use free of customs duties and taxes in exchange for a deposit in foreign currency.

President Sisi ratifies law allowing Egyptian expats to import customs-free vehicles

Fri, 28 Oct 2022 - 12:51 GMT

President Abdel Fattah El-Sisi has ratified a law exempting Egyptian expats from paying customs duties and taxes when importing personal-use cars in exchange for deposit.