Setting Up a Company and Doing Business in Egypt

Setting Up a Company and Doing Business in Egypt

All foreigners must obtain a work visa to work in Egypt. World Company Setup will assist our clients in preparing their visa applications and submitting them to the local Egyptian Consulate.
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Opening a Company in Egypt

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:

 

Investment Advantages in Egypt

Free zone companies in Egypt enjoy a lifelong exemption from income tax, sales tax, and import and export taxes.

Egypt has several free economic zones.

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%.

 

Alexandria Public Free Zone (APFZ)

Nasr City Public Free Zone (NCPFZ)

Port Said Public Free Zone (PSPFZ)

Suez Public Free Zone (SPFZ)

Comparison of Egyptian Free Zones

 

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

 

Setting Up a Company and Doing Business in Egypt

The Egyptian Investment and Free Zones Authority oversees business setups in free zones and the economic incentives that drive investment in these areas.

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