eServices

​Guidelines to complete Foreign Investment Statistics Quarterly Form

  1. Legal Framework: law no (141/2019) was passed in June 31, 2019, adding clause no (14) to article no (74) of the Investment Law no (72/2017). The new clause allows the General Authority for Investment and Free Zones to request information and data needed to calculate flows and stocks of direct and indirect foreign investments, without prejudice to the considerations of national security or the right to privacy and confidentiality of information and the protection of the rights of others.
  2. Purpose: Data requested in this form will be used for statistical purposes to assist in the compilation process of foreign investment statistics and will be disseminated on the aggregate level only.
  3. Companies, which are required to submit the forms: Companies are asked to fill in the quarter form four times a year within 45 days from the end of each quarter, starting from the quarter ending in September 2019.
  4. Important note: Upstream exploration companies, which operate under production sharing agreements with governmental entities, are not required to fill-in this form.

How to fill-in the form:

  1. Forms will be available on the following link (https://www.gafi.gov.eg/Arabic/eServices/FDI (in Arabic and on (https://www.gafi.gov.eg/English/eServices/FDI) in English starting from the October 1, 2019.
  2. Companies are requested to delegate a representative to create an account on GAFI's interface (or use a valid current account). The delegate will be asked to submit (attach a scanned copy) of a signed and stamped delegation document from the company, along with a copy of his ID.
  3. Incomplete forms can be saved and can be accessed by clicking on "My Saved Documents" to be completed and submitted.
  4. When completing the form for the first time, you will be asked to fill in the data for the current and the previous quarter, afterward, the data of the previous quarter will be displayed automatically and only the current quarter data will be requested. Some fields will be editable in case previous quarter data needs to be updated.
  5. If your enterprise is a holding company, then you will have the choice to either fill in one form using the consolidated data or fill in multiple forms (one per each subsidiary) using the stand alone data. 

The form consists of three sections:

  1. General Information of the company: If you created a new account, you will be asked to fill in this section. In case you have a valid current account, the general info of the company will be displayed automatically as per the latest update on GDFI's database. Some fields in this section will be editable for any further updates.
  2. Shareholders structure and company's capital:
    1. First you will be asked to list the shareholders of the company along with their nationality, residency, shares, Mother Company, etc.
    2. If the company is listed, please mention only the shareholders who own 2.5% or more of the shares. Unless, the voting power of the shareholder is 10% or more, or in case a grouped fellow enterprises or individuals own 10% or more.
    3. If the mother company of one or more of the shareholders is a SPE/SPV, then please mention the name and residency of the mother company of the SPE.
    4. You will also be asked to specify if one shareholder is related to another shareholder.
    5. This section will also include equity data where you will be submitting data regarding company's capital and if the company has expanded its capital then you will specify the source of this expansion. Moreover, data regarding profits realized and dividends paid during this quarter.
  3. Transactions of Foreign Shareholders and/or their Related Parties:
    1. This section will be dedicated to the outstanding transactions between the company and the foreign shareholders and/or their related parties (the mother company of the foreign shareholder, an associate, a subsidiary, a branch, or a family member in case of individual shareholders).
    2. In case the transaction involves a related party to a shareholder, you will be kindly requested to specify the residency of this related party and the shareholder in relation with.
    3. Due from a shareholder or a related party: outstanding amounts due from the foreign shareholders or their related parties to the Egyptian company. 
    4. Due to a shareholder or a related party: outstanding amounts due from the Egyptian company to the foreign shareholders or their related parties.
    5. Which Outstanding transactions to include?
      • a. Outstanding transactions of all direct foreign investors in the Egyptian company. A direct investor is a non-resident entity or a group of related entities (individuals, enterprises, associated group of individuals/enterprises, and governments), that is able to exercise control or significant degree of influence over an Egyptian company through having the voting power or ownership of 10% or more of the shares of this entity.
      • b. Outstanding transactions of foreign fellow enterprises of the direct investor. Fellow enterprises are entities that share a common direct investor, and they own less than 10% of each other's equity.
      • FDIEN1.JPG
      • c. Outstanding transactions of foreign Associates and Subsidiaries of direct foreign investors. An associate with voting power or ownership between (10% - 50%) or a subsidiary with voting power or ownership between (more than 50% - 100%).

      • The rule of considering an investment relationship as a direct investment relationship is to have at most one weak link (10% - 50%) in the ownership chain. (Please refer to the below diagram for more clarification)
      • FDIEN2.JPG