Doing Business In Egypt
• Population: 92m people.
• Space: 1m km square.
• Capital: Cairo (20m people).
• Corporate Tax rate is 22.5%.
• VAT rate is 14%.
• Incorporation under Companies Law No.151 (1981).
• Registration with the General Authority for Investment (GAFI) is required.
• 5 Public Free-Zones subject to 1% dues.
Want to incorporate in Egypt? How Can we help you?
Phase 1 Consider your options and set the strategy
•Determine market opportunity and entry strategy.
• Gain local market insight.
• Road-test your business plan.
• Conduct a readiness assessment.
• Conduct a risk assessment.
• Prepare an advisory report – business structure, tax implications, regulatory issues, legal requirements.
• Design the project plan (including critical steps, timeline, governance and resourcing).
• Define roles and responsibilities.
• Communicate with stakeholders.
Phase 2 Implementation and set-up
• Create a pool of relevant advisers – finance, bankers, legal, employment, insurance and property.
• Establish a legal presence and notify the authorities that you’ve set up your business – Incorporate as a company or LP – Register as a permanent establishment – Register for taxes – Register for payroll and Social Insurance Authority.
• Set up a Egyptian bank account.
• Set up a Egyptian-compliant accounting system.
• Select suitable accounting policies.
• Provide people management services – senior recruitment, reward and advice.
• Seek financial services regulatory advice.
• Produce employment contracts, identify employee benefits and incentives, and register foreign employees.
• Put insurance arrangements in place.
• Consider debt and equity structures.
Phase 3 Aftercare
• Provide advice and support on an ongoing basis or transition in-house. Short, medium or long-term help – depending on your individual requirements – is available in the following areas:
– Payroll taxes and relevant returns – Corporation tax returns
– VAT returns
– Statutory accounts
– Year-end statutory audit requirements
– Management accounts
– Company secretarial services
– Ongoing bookkeeping services
– Pension schemes and employee incentives
– People management services
– senior recruitment, reward and advice
– Further expansion and capital acquisitions
– Transfer-pricing issues
– Research and development tax credit claims
– Exit strategies