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Egypt - Apply for a Standby Letter of Credit

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Introduction

This is letter that exempts Traveling delegation from having to pay any custom dues on filming Equipments that are brought in Egypt, under the agreement that the equipment will be taken out of the country again when the Journalist leaves Egypt at the end of Filming.

A standby letter of credit (as opposed to a commercial or documentary letter of credit) is drawn up with the understanding that it will not be drawn upon unless the bearer of the letter fails to fulfill his or her side of the agreement (the subsequent removal of all equipment that was initially brought into the country).

The letter of credit should state that the newspaper or the TV network or the news agency that is sponsoring the traveling delegation or journalist guarantees that it holds an amount of money equal to that of the value of the specific equipment that will be entering Egypt. This letter MUST be issued by the National Bank of Egypt or from another bank that has a branch in Egypt.

Eligibility

One must be a journalist visiting Egypt on the short term mission of not less than 6 weeks gathering news or capturing news or Filming sites in Egypt on behalf of the foreign organization. This Visa is granted to the following category of people.

  • Only Journalist accreditation is required.
  • Visiting crew must pick up and sign for the accreditation in Cairo.

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Instructions

  • If you intend to bring filming equipments into Egypt, then you need to obtain a standby Letter of credit which include a list of the Filming Equipments you intend to use.
  • If you secure permission from the Foreign Affairs Media Department the traveling Delegates should that the newspaper or the TV network or the news agency that is sponsoring the traveling delegation or journalist.
  • The foreign organization MUST give a guarantee that it holds an amount of money equal to that of the value of the specific equipment that will be entering Egypt.
  • The sponsoring news organization MUST agree to post the amount of money needed to issue the letter of credit.
  • The visiting delegations and journalists Must follow all rules and regulations during their stay including the prohibition of filming in areas without a permit.

Required Information

  • Documents customs clearance for the equipments to be brought into the country.
  • A list of all the equipments to be brought into Egypt.
  • A valid passport for less than 6 months to expire.
  • A letter of proof from sponsoring organization.


Procedure

You can approach your bank to obtain a standby Letter of credit.The concerned officer at bank will help you in filling up necessary application to obtain an standby Letter Credit.

Since the standby Letter of Credit is to allow you for the exemption of any taxes that would have otherwise been levied for entering such equipment to Egypt, you should submit to the airport authorities a standby letter of credit whose value should match that of the equipment you are planning to bring in Egypt.

This letter exempts you from having to pay any custom dues, under the agreement that the equipment will be taken out of the country again when you leave.

A standby letter of credit (as opposed to a commercial or documentary letter of credit) is drawn up with the understanding that it will not be drawn upon unless the bearer of the letter fails to fulfill his or her side of the agreement (the subsequent removal of all equipment that was initially brought into the country).

How to apply for a Standby letter of credit in Egypt.
  • Visit your home bank that has a branch in Egypt and apply for a stand by letter of credit, your sponsoring news organization must have a relationship with home bank that has a branch in Egypt,the concerned officer at bank will help you in filling up necessary application and take you through all the necessary steps.
  • Attach the necessary documents on the application including the guarantee letter from sponsoring news organization. This letter must show that the sponsoring news organization will agree to post the amount of money needed to issue the letter of credit,and has to be produced along with other required documents. Your bank may ask you to keep certain percentage of ‘margin amount’ with the home Bank.
  • Once you have obtain a standby letter of credit from your home Bank then submit your application to the Press Office at the Egyptian Embassy in your home country before time, to allow the processing of permits.
  • When the Journalist is planning to take ONE camera to Egypt, the delegation or journalist can simply state the information on his passport and therefore there is no need to submit a letter of credit.
  • There places that may require special permit in case you wish to film additional places or areas your permit does not cover; note that this might result in you having to prolong your stay in Egypt.
  • You should be careful with all your equipments and that you make sure not to lose anything during your trip; however in the event of loss please contact the Government Press Office in Cairo or register your claim at the nearest police station in Egypt.

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Required Documents

  • Scanned Valid National Passport (minimum period validity 6 months at the time of travel)or any acceptable Travel document;
  • Printed copy of a completed Online Visa Application Form(with one passport size photograph attached), and a copy of Payment Confirmed page;
  • A letter of invitation from local contact(s) in Egypt;
  • A letter of introduction from the organization(s) that journalists work for or represent;
  • A copy of itinerary while on duty in Egypt;
  • List of equipment accompanying applicant(s);
  • Scanned copy of your passport's bio data page (the page with your photo).
  • Your profession.
  • Estimated date of arrival.
  • Payment.Visa Fee (cash only)Paid in advance
  • Application form
  • A valid Passport.
  • Two recent passport photos.
  • Visa reference number (from Egypt).
  • Letter from newspaper or the TV network or the news agency that is sponsoring the traveling delegation or journalist(employer).


Fees

Explain the fees structure which is required for obtaining the certificate/document.

Validity

This standby letter of credit is valid for 3 months sometimes it depends on the entry permit.

  • Processing permits for filming specific locations in Egypt takes 10 to 14 days.
  • Getting approval for interviews with government officials requires 10 to 14 days.
  • Getting approval for underwater, safari or aerial filming takes three weeks.


Documents to Use

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Sample Documents

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Processing Time

Processing time take less than a one month but because of the complexity it can exceed that time.

Office Locations & Contacts

Central Bank of Egypt

Contact Information

Central Bank of Egypt

54 El-Gomhoreya Street

11511, Cairo Egypt

Tel:16777**

Tel:+202 27702770

Tel:+202 27701770

Tel:+202 25976000


Emails: General enquiries / Complaints

info@cbe.org.eg

research@cbe.org.eg

monetary.policy@cbe.org.eg

career@cbe.org.eg

RTGS HelpDesk

RTGS.Helpdesk@cbe.org.eg

Fax:+20 2 25976081


Ministry of Tourism

Mr Hisham Zaazou img

Address Cairo International Conference, Nasr City, Cairo

Phone no. 22611732

Fax 22637199

E-mail N/A

Website http://www.tourism.gov.eg



Ministry of Manpower and Immigration

DR. Nahed ElAshry img

Address 3 Youssief Abaas St Nasr City Cairo

Phone no. 22609366 - 22609368 - 22618019

Fax 22618019

E-mail manpower@mome.gov.eg

Website http://www.manpower.gov.eg

Ministry of Foreign Affairs

Mr. Nabil Fahmy img

Address Masbero-Kornish El Nile St.Cairo

Phone no. 25749817

Fax 25748822

E-mail Contact.Us@mfa.gov.eg

Website http://www.mfa.gov.eg

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Video

Videos explaining the procedure or to fill the applications. 
Attach videos using the following tag <&video type="website">video ID|width|height<&/video&> from external websites.
Please remove the "&" inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver, 
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url "http://www.youtube.com/watch?v=Y0US7oR_t3M" Video ID is "Y0US7oR_t3M". 
	

Information which might help

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Other uses of the Document/Certificate

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e.g. Birth Certificate can be used as proof of identity.

External Links

http://modernegypt.info/online-newsroom/info-for-visiting-media/

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