Investment Advantages of Egypt Free Zones (Freezone)
For detailed information +90 542 381 3868 'Call.
World Company Setup can help you start and expand your business efficiently and effectively to set up a company in Egypt and invest. Our services include:
Free zone companies in Egypt enjoy a lifelong exemption from income tax, sales tax, and import and export taxes.
Alexandria Public FZ, Nasr City Public FZ, Port Said Public FZ, Suez Public FZ, Ismailia Public FZ, and Damietta Public FZ.
Egyptian free zone companies with high electricity consumption (such as steel, cement, and fertilizer) are subject to a 20% corporate tax on their net profits.
The proportion of foreign workers in companies in the Egyptian free trade zone should not exceed 25%.
|
APFZ |
NCPFZ |
PSPFZ |
SPFZ |
Average annual Industrial space rent per 1000 sqm |
USD 42,000 |
USD 42,000 |
USD 42,000 |
USD 42,000 |
Incorporation time |
4 weeks |
4 weeks |
4 weeks |
4 weeks |
How long to open a corporate bank account? |
1-2 weeks |
1-2 weeks |
1-2 weeks |
1-2 weeks |
Quality of Utilities |
Excellent |
Good |
Good |
Good |
Permitted to sign sales contracts with Egyptian Customers |
Yes |
Yes |
Yes |
Yes |
Permitted to invoice Egyptian Customers |
Yes |
Yes |
Yes |
Yes |
Corporate tax payable in Egypt |
Yes |
Yes |
Yes |
Yes |
Corporate bank account |
SCB or HSBC |
SCB or HSBC |
SCB or HSBC |
SCB or HSBC |
Physical office space required |
Yes |
Yes |
Yes |
Yes |
Industrial space availability |
Many |
Limited |
Limited |
Many |
Is import of raw materials allowed? |
Yes |
Yes |
Yes |
Yes |
Is export of goods allowed? |
Yes |
Yes |
Yes |
Yes |
Wholly foreign-owned |
Yes |
Yes |
Yes |
Yes |
Can the business employ foreign staff in Egypt? |
Yes |
Yes |
Yes |
Yes |
Travel to Egypt for incorporation? |
Yes |
Yes |
Yes |
Yes |
Minimum number of directors |
1 |
1 |
1 |
1 |
Minimum number of shareholders |
1 |
1 |
1 |
1 |
Tax registration certificate required |
Yes |
Yes |
Yes |
Yes |
Individual shareholders allowed |
Yes |
Yes |
Yes |
Yes |
Corporate shareholders allowed |
Yes |
Yes |
Yes |
Yes |
Corporate director(s) allowed |
Yes |
Yes |
Yes |
Yes |
Public record of shareholders and directors |
Yes |
Yes |
Yes |
Yes |
LLC company allowed |
Yes |
Yes |
Yes |
Yes |
Can apply for immigration visa |
Yes |
Yes |
Yes |
Yes |
Annual audited financial statements |
Yes |
Yes |
Yes |
Yes |
The Egyptian Investment and Free Zones Authority oversees business setups in free zones and the economic incentives that drive investment in these areas.