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
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.
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