Egypt grants foreign investors one-year, renewable residency ...Egypt

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Egypt’s Interior Ministry announced Saturday that foreign investors applying to the General Investment Authority will be granted a one-year “non-tourism” residency, renewable for an additional six months or a year during the period of establishing companies and economic entities. This comes to facilitate procedures related to establishing investment projects and attracting more foreign investments to the country, a statement for the ministry said. Egyptian President Abdel Fattah al-Sisi in October ordered to grant the “Golden License” to all investors applying for it. This came in his speech during the launch of the first International Manufacturing Convention & Exhibition (IMCE). Sisi affir

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