In order to facilitate the import process, the General Organization for Export and Import Control shall be directed to issue an import card. It shall be noted that the minimum capital required to register natural persons companies is from 10,000 pounds in the current law to no less than 500,000 pounds in the new amendment, and from 15,000 pounds in the current law related to partnerships and limited liability companies to no less than more than 2 million pounds, as well as no less than 5 million for joint stock companies and companies limited by shares.
It shall be noted that the value of the cash insurance that is required to be deposited upon registration has been raised from 3,000 to 50,000 pounds for natural persons and 200,000 pounds for legal persons, in order to obtain the import card to be recovered when the company returns the card to the authority when its work is completed.
