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.

At Glance

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