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FACT SHEET
Egypt Egypt is a transcontinental nation crossing the northeast corner of Africa and the southwest corner of
Asia, through an area extension structured by the Sinai Peninsula. Egypt is a standout amongst the most
crowded nations in Africa and the Middle East, and the fifteenth most populated on the planet. The
immense populace of Egypt has given incredible open door to recently settle business ventures to get
extraordinary interest for organizations' items and administrations. The General Authority for Investment
and Free Zones (GAFI) is the representative body of foreign investment. Certain Industries has wholly
foreign ownership in Egypt like mining, tourism, real estate, maritime transport, software design and
electronic production
Company Incorporation in Egypt
An Egyptian LLC company is a common entity, can be 100% owned and used to conduct business
within Egypt and is allowed to engage in any commercial or industrial activity. It allows wholly foreign
ownership only to certain industries like mining, tourism, real estate, maritime transport, software
design and electronic production
Egyptian organization law permits a organization to setup a branch office in Egypt if the organization
has an agreement with an Egyptian party. The foreign branch office is allowable to conduct
commercial, monetary and industrial activities which are included in the contract and only 10% of
employees can be foreigners
Licensing in Egypt
The companies shall be committed to obtain the licenses necessary for practicing its activities. To
support Egypt business registration, Intuit can assist our clients in determining what type of licenses
are required for their company
Business activities such as import and investment in the Sinai area required approval from the
relevant authorities, and therefore are not eligible for 100% foreign ownership.
Under Egyptian Investment Law, foreign investors are not qualified to import goods for the purpose
of trading in Egypt and act as a commercial agent;
Accounting and tax
Foreign Companies in Egypt incur a corporate tax rate of 20% of net profit under US$ 1,450,000 and
25% of the net profit over US$ 1,450,000. Companies are only taxed on the profits generated from
their business activities in Egypt.
Nonresident in Egypt is subject to a withholding the tax rate of 20% on the gross amount
FACT SHEET Egypt
Type: Limited Liability Company
Under Egyptian law, foreigners can own 100%
Share Capital Yes
Manager Minimum 1 resident manager required
Shareholders Minimum two shareholders of any nationality
Memorandum and Articles of Association Provided
Can the entity hire expatriate staff in Egypt Yes
Secretary No
Tax Registration Certificate Required Yes
Statutory audit required Yes
How long to open Corporate Bank Account 1 week
Timeframe for Incorporation: 1 – 2 weeks
Annual Return Must File
Annual Tax Must File
For more details, please contact [email protected]
You can also visit www.intuitconsultancy.com