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Business trips

Objective:

The “Business Trips” program is designed to encourage IT companies to gain more access to the international markets, engage with new clients aboard and even to maintain their relationship with their existing pool of clients outside the local market.


Definition:

This program applies to companies with business travels or journeys to discuss business matters with clients or engage in any business-related activity while travel costs are cited as one of the main burdens and obstacles for doing business for them. With this in mind, ITIDA supports these companies by covering 80% of the total business trip cost as the most important element of the business trip (Travel & Accommodation).


Support provided:

 ITIDA covers 80% of the total participation cost of each company for the following items only:

  • Travel and accommodation for one representative (maximum 2 nights per trip)
  • Event registration fees (If applicable)

Total cost for each business trip reimbursement should not exceed the following rates per region:

 Regions  Ceiling
 Africa  7,000 EGP
 Middle East and Gulf Area  7,000 EGP
 Europe  9,000 EGP
 North and South America  10,000 EGP
 Asia  10,000 EGP

Accordingly, participation logistics, bookings and advance payment are totally handled by the company requesting the service, which will be reimbursed on the condition of providing the actual payment proofs.


Eligibility Criteria:

The eligible company for “Business Trips” program should have the following criteria:

  • Egyptian-owned company with more than 50% Egyptian ownership or under control of Egyptian Board for public companies.
  • Headquartered in Egypt, at least 80% of company payroll is based in Egypt.
  • Have at least 10 registered full time employees.
  • Only companies older than two years are eligible.


Forms of Participation:

  • Visitor to events, business meetings or business related activities.


Process Cycle and restrictions:

  • Business trips support does not apply for trips to events in which ITIDA is participating with an Egyptian pavilion.
  • Business trips support is only offered to travelers whose expenses are paid by the business/company he or she works for.
  • Business trips support is only offered for one representative from each company per trip.
  • Maximum allowed participations per company: 2 Business trips per year  (any region).
  • Maximum nights allowed per trip: 2 nights.
  • Notification Period: At least 4 weeks before the date of the travel.
  • Internal Processing Cycle Time: two week, i.e. the company should receive our final answer after 2 weeks from the date of the submission.

This service is currently being on-hold for re-evaluating the processes , rules and procedures and will be resumed in a the new shape by August.

Further information