He left for the United Arab Emirates after losing the presidential election to Mohammed Morsi in June.
General Shafiq, who was appointed prime minister by Hosni Mubarak shortly before he was overthrown in 2011, is under investigation for corruption.
He is alleged to have illegally sold land to the ex-president's sons.
The implications of being placed on a borders watchlist and given a travel ban are unclear, but in similar cases in the past the person has been detained on arrival.
Mr Shafiq is believed to still be in the UAE, where he travelled shortly after losing a bitterly-fought presidential election to the Muslim Brotherhood's Mohammed Morsi earlier this year.
Before he became prime minister at the end of Hosni Mubarak's rule, Gen Shafiq had a long career as head of the Egyptian air force.
He faces allegations of selling state land to Mubarak's two sons, Gamal and Alaa, who are now in prison facing corruption charges.
Their father has also faced corruption charges and is serving a life sentence for complicity in the killing of protesters during last year's uprising.
There were protests earlier this year when three other ministers from the former regime were acquitted on charges of squandering public funds.
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