How to do business in Egypt?

Whether you are thinking about setting up in Egypt or have already decided to invest and want to get on and do it, there is one place to go for help and advice: ITIDA, the Egyptian IT Industry Development Agency. Egypt is home to a very welcoming business environment offering both protection and incentives for companies setting up in Egypt.

Export-oriented companies registered under Law 8 of 2007 can gain certain exemptions and benefits in custom duties and sales tax.

Under the legal framework, the Egyptian government allows:

  • 100% foreign ownership of companies
  • 100% foreign representation on the board of directors
  • Full rights of profit and dividend repatriation in any currency
  • Protection against expropriation
  • Protection against double taxation through international treaties
  • Protection against compulsory pricing

Moreover, the World Bank’s Ease of Doing Business Report stated, “Egypt has made starting a business easier by merging procedures at the one-stop shop”.

World Economic Forum’s Global Competitiveness Report 2017/2018 stated that across the MENA region, the most-improved country this year is Egypt. There are heavy investments in digital and technological infrastructure, which allowed major improvements in technological readiness.

Investment & Incentive Support

ITIDA offers the investment and support provided to the IT and Business services industry in the form of market intelligence, arranging Due Diligence visits, acting a liaison between investors and any public/private entity and providing incentives.

Download PWC’s Guide to doing business in Egypt: https://pwc.to/2BoVeG8

Contacts

investment@itida.gov.eg​​​​