Egypt’s Ministry of Finance is continuing its commitment to facilitate Egyptian expatriates, announcing an extension to the popular initiative that allows them to import cars without incurring taxes. Minister of Finance, Mohamed Maait, and the Head of the Customs Authority, Al-Shahat Ghatouri, recently convened to review the progress of this vital Car Program For Ministry Of Finance, designed to ease the process of car importation for Egyptians living abroad. The initiative, experiencing high demand, has been extended for an additional three months, with the online application portal officially reopening for submissions this Monday.
To ensure the program’s efficiency and responsiveness, Minister Maait has directed officials to accelerate the issuance of import permits. This move aims to streamline the process and reduce waiting times for Egyptians abroad participating in the car program for ministry of finance. Furthermore, Minister Maait stressed the critical importance of clear and consistent communication with potential beneficiaries. Recognizing the complexities and questions that may arise, he highlighted the significance of proactive engagement to address inquiries promptly and effectively.
To support this communication objective, the Ministry of Finance has established an international hotline, 15460. This dedicated resource is staffed by specialists equipped to provide comprehensive answers and guidance, ensuring that Egyptians abroad have access to the information they need to navigate the car program for ministry of finance smoothly. The hotline serves as a crucial point of contact for resolving any challenges or ambiguities that applicants might encounter.
A key feature of this car program for ministry of finance is the significant reduction in customs fees, which remains valid for five years from the date the import permit is issued. This extended validity period provides considerable flexibility for participants. Moreover, the initiative allows Egyptian expats to select any car model and retain the option to change their choice at any point within this five-year timeframe. The deposit amount required to be transferred to the Ministry of Finance’s account at the National Bank of Egypt is primarily determined by the car’s year of manufacture, ensuring a fair and transparent calculation.
Minister Maait further clarified the deposit mechanism, stating that the funds deposited by Egyptians abroad participating in this car program for ministry of finance are repaid on their scheduled due dates, calculated at the prevailing exchange rate at the time of reimbursement. This protects the value of the deposit against exchange rate fluctuations. For those who decide to withdraw from the initiative after a year from the import permit date, a straightforward process is in place. Participants can submit a withdrawal request via the online platform and will receive their funds back within three months, calculated at the exchange rate applicable at the time of recovery.
It is also important to note that the Ministry of Finance issues a bond to the public treasury for the funds transferred by Egyptians residing abroad as part of this car program for ministry of finance. This bond provides an added layer of financial security and transparency to the process. Echoing Minister Maait’s commitment to effective communication, Al-Shahat Ghatouri, Head of the Customs Authority, confirmed the readiness of the international hotline 15460 to provide prompt responses to all inquiries from Egyptians abroad, ensuring they receive the support needed to fully benefit from this initiative.
In conclusion, the extension of this car program for ministry of finance underscores the Egyptian government’s ongoing efforts to support its citizens abroad. By simplifying the process of importing tax-free cars and providing robust communication channels, the initiative aims to strengthen ties with the Egyptian diaspora and facilitate their contribution to the national economy. Egyptians abroad are encouraged to take advantage of this extended opportunity and utilize the available resources, including the hotline and online platform, to participate in the program.
