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 bc@intuitconsultancy.com

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