Arab Republic of Egypt
Population: 90,809,000 (est)
HDI: 0.690 (108th)
GDP(PPP): $989.886 billion (2015)
Currency: Egyptian Pound
Egypt is a transcontinental country spanning the northeast and southwest corner of Asia, via a land bridge formed by the Sinai Peninsula. It is the world’s only contiguous eurafrasian nation. Most of Egypt’s territory of 1,010,408 square kilometers (390,000 sq mi) lies within the Nile Valley. Egypt is a Mediterranean country. It is bordered by the Gaza Strip and Israel to the northeast, the Gulf of Aqaba to the east, the Red Sea to the east and south, Sudan to the south and Libya to the west. Egypt has one of the longest histories of any modern country, arising in the tenth millennium BC as one of the world’s first nation states. Considered a cradle of civilization.
Egypt Overview – World Bank
Egypt has made great strides along a number of important human development indicators, but economic growth has been moderate, albeit insufficient to absorb the rapidly growing population and labor force. Child mortality, life expectancy, primary and secondary school enrollment, and literacy rates have improved dramatically in the past thirty years, while average per capita income growth has been around 2% per year since 1980 resulting in an increase in unemployment rates and poverty rates.
Egypt – African Economic Outlook
The economic outlook since the July 2014 Presidential election looks optimistic. GDP growth in the fourth quarter of the 2013/14 Fiscal Year (FY) was 3.7% compared to 1.5% a year earlier. GDP is expected to grow by 3.8% in FY 2014/15 and 4.3% the following year, compared to 2.2% in 2013/14.
Industry Trends & Business Climate
Egypt Industrial Production – Trading Economics
Industrial Production in Egypt decreased 5.50 percent in August of 2015 over the same month in the previous year. Industrial Production in Egypt averaged 4.06 percent from 2004 until 2015, reaching an all time high of 36.29 percent in August of 2014 and a record low of -24.89 percent in February of 2011.
Egypt Economy – GDP, Inflation, CPI and Interest Rate
Significant imbalances in the Egyptian economy have emerged in recent months, which combined with a deteriorating security situation, threaten to disrupt growth going forward.
Establishing a Presence
Starting a Business in Egypt, Arab Rep
Below is a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Egypt, Arab Rep.. It examines the procedures, time and cost involved in launching a commercial or industrial firm with between 10 and 50 employees and start-up capital of 10 times the economy’s per-capita gross national income.
Egypt Guide: Starting a business, How to start your business
Most foreign companies operating in Egypt are joint stock or limited liability companies. There are sole proprietorships (such as restaurants and boutiques), but they are more difficult to establish (due to the numbing amount of permits and paperwork required) and are therefore less common.
Business Types – Business Forms and Structures – Info-Prod Research
Investors interested in establishing businesses in Egypt are subject to four laws: Corporate Law No. 159 of 1981; Investment Law No. 8 of 1997; New Communities Law No. 59 of 1979; and the Desert Land Law No. 143 of 1981
Business Registration Requirements – How to Register a Company in Egypt: The Complete Process
Starting a business in Egypt? Want to register your company quickly? Look no further- this document has everything that you need to know in order to complete each stage of the process.
Business Registration Requirements – General Authority For Investment and Free Zones (GAFI)
The General Authority for Investment Is the principal governmental authority concerned with regulating and facilitating investment, and stands ready to assist investors worldwide. GAFI broadened its scope from the traditional regulatory framework into a more effective and proactive investment promotion agency through its Research and Market Intelligence, Promotion and Facilitation and Investor Aftercare bodies.
Business types – Typical Forms Of Business Structures In Egypt – AmCham
The kinds of business firms allowed in Egypt are determined by the Law of Commerce No. 17 of 1999 and the Companies Law No. 159 of 1981. The Law of Commerce deals mainly with the sole proprietor and the simple partnerships, whereas the Companies Law regulates in detail joint stock companies, limited partnerships by shares, and limited liability companies. Each of these structures will be discussed below in details.
Personal Income Taxes – Egypt: Income Tax Rates, Thresholds Adjusted | Bloomberg
The Egyptian personal income tax threshold has increased, the highest tax bracket threshold and rate decreased, Egyptian President Abdel Fattah el-Sisi announced Aug. 24 in Law No. 69 of 2015.
Corporate Tax Rate – Trading Economics Egypt
The Corporate Tax Rate in Egypt stands at 25 percent. In Egypt, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year.
Corporate Taxes – Paying Taxes in Egypt, Arab Rep.
Below is a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as administrative burden in paying taxes.
Personal Income Tax Rate Egypt
The Personal Income Tax Rate in Egypt stands at 25 percent. In Egypt, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends.
Sales Tax Rate Egypt – Trading Economics
In Egypt, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate.
Sales Tax Rate | General Sales Tax in Egypt
Egypt Sales Tax Rate | General Sales Tax is forecast to stay unchanged at 10.0000 Percent in 2016. See forecast data tables and charts for Egypt – sales tax rate, sales tax rate, sales tax rate. Search results, country stats, indicator forecasts, economic calendar and news for: Egypt sales tax rate forecast. Updated on January 12, 2016.
Visa Requirements | Embassy of Egypt
Visa requirements and costs from the Embassy of Egypt.
Work Permits – Egypt Guide: Work Visas/Permits, How to get a work permit
Unfortunately, the application process itself is anything but simple. Obtaining an Egyptian work permit is an arduous descent into the bowels of Egyptian government bureaucracy – the author has met more than one expat whose application has been in processing for close to a year (or longer!).
Egypt Visa and Passport Requirements – World Travel Guide
To enter Egypt, a passport valid for at least six months from the date of issue of the visa is required by all nationals referred to in the chart above. Visitors from all countries, except nationals of the EU and theUSA, must register with the police within one week of arrival in Egypt, although this service is normally undertaken by hotels. When you check in at your hotel the receptionist will ask to see your passport, and will record its details for the police.
Work Permits for Egypt
The process for acquiring a work permit for Egypt can be complicated and Egyptian authorities are inefficient at times.
Telecom/IT – MCIT | Publications – Telecommunication Infrastructure
Ministry of Communications Egypt’s development of its telecommunications infrastructure as it evolves into a fully-fledged information society as of 2003. Highlighted are the overall growth of its infrastructure, voice core network, broadband Internet access, Internet gateways, mobile operators, data communication backbone, fixed wireless technologies and international communication hub.
Egypt Infrastructure, power, and communications
Egypt’s infrastructure is relatively underdeveloped. The country is serviced by a network of over 64,000 kilometers (39,769 miles) of primary and secondary roads, 49,984 kilometers (31,060 miles) of which are paved. Despite the modernization of the road system in the 1980s, most roads remain in poor condition or under construction.
Getting around Egypt on local transport
Cairo is the only city in Egypt with a metro system. Tuk Tuk These clever scooters-with-seats, ubiquitous in Thailand and India, have arrived in Egypt. Locals call them tok-tok (turns out the onomatopoeia of their tiny engines works in Arabic too), and they’re especially popular in small towns. They’re typically the same price or cheaper than taxis (E£10, say, for a 15-minute ride), with a pounding shaabi (music of the working class) soundtrack for free.
Rights and responsibilities: An outline of the legal
In the following, we aim to shed some light on the more relevant laws applicable in Egypt. In this respect, we shall focus on the corporate, labour, investment, and property laws of the country.
Labor Law – The new Egyptian labor law
A work permit is required for foreigners who intend to work in Egypt. The new Egyptian labor law promulgated by law no 12 of 2003 (the “New Labor Law”) provides that the employer is allowed to employ the employees on probation for up to three months and the employment contract may be either for a definite or an indefinite period of time.
Egypt Guide: Job contracts, Egyptian employment contracts
Depending on your employer and how you are getting paid, you may or may not have a written contract in Egypt.
Labor Law – EGYPT’S labor law
Egyptian Government labor law portal.
Social Insurance – Ministry Of Finance- Social Insurance Website
Dr. Youssef Boutros Ghali, the Minister of Finance announced that the services of e-government would be extended to all social insurance services, in order to facilitate matters for some 25 million citizens. The number includes pensioners and workers covered by social insurance in both public and private sectors, in addition to millions of businessmen and Egyptians working abroad.
Social Insurance – Employees’ Benefits – AmCham Egypt
For Egyptian employees, who must constitute a significant part of a company’s workforce, there is a social security system under which the employer pays contributions equivalent to approximately one-fourth of the salary earned, up to a certain limit of salary.
Cost of Living in Egypt. Prices in Egypt. Updated Jan 2016
Cost of living in Egypt is 51.11% lower than in United States (aggregate data for all cities, rent is not taken into account). Rent in Egypt is 75.13% lower than in United States (average data for all cities).
Cost of living in Egypt | Expat Arrivals
The cost of living in Egypt is low by Western standards. Recent figures show that the cost of living is 70 percent lower in Cairo than London, 62 percent lower than in Washington DC, and about the same as Mumbai, India.
Business Etiquette – Doing Business in Egypt | etiquette
This guide to doing business in Egypt offers some very basic pointers on some of the above mentioned areas such as business culture and etiquette. It is not intended to summarise all ‘doing business tips’ nor meant to stereotype the Egyptians.
Business Etiquette – Egypt Guide: Business culture, Egyptian business etiquette
Egyptian business culture places great emphasis on personal relationships. You will find building rapport and personal trust to be crucial elements of any Egyptian business venture.
Safety – Travel advice and advisories for Egypt
Global Affairs Canada advises against non-essential travel to Egypt due to the unpredictable security situation. This advisory does not apply to the Red Sea coastal resorts of Hurghada (and its surroundings) and Sharm el-Sheikh, nor to the area from Luxor to Aswan along the upper Nile, where you should exercise a high degree of caution.
Safety – Egypt travel advice – GOV.UK
Latest travel advice by country including safety and security, entry requirements, travel warnings and health.
CLimate – Weather and Climate: Egypt, average monthly Rainfal
With the small exception of its strip of Mediterranean coastline, the whole of Egypt has an arid desert climate. Throughout Egypt, days are commonly warm or hot, and nights are cool.
Climate – Egypt Weather and Climate – Tour Egypt
Throughout Egypt, days are commonly warm or hot, and nights are cool. Egypt has only two seasons: a mild winter from November to April and a hot summer from May to October.
Education – Egypt Education System – Classbase
Egypt has an extensive education system that outstrips all others in the Middle East and North Africa, and where even tertiary education is free. The compulsory primary education program follows kindergarten at age 4. Primary school that begins at age six takes 6 years and preparatory school another 3. During this introductory phase pupils may enroll at state, religious or private schools by choice.
Education – How the education system in Egypt works
Education is an important tool that is applied in the world to succeed – it helps people to face the challenges of life.
Holidays in Egypt in 2016
Public Holidays in Egypt in 2016
Holidays in Egypt – Time and Date
Holidays In Egypt
Demographics – Egypt Demographics Profile
Egypt Demographics Profile 2014
Demographics – Population of Egypt, Demographics of Egypt
According to a survey conducted in July 2007, is estimated to be around 80,335,036. The estimated rate of growth of population in Egypt is 1.721%. Egypt is considered to be one of the populous countries in Africa. The sex ratio of Egypt population is 1.017 males per female.
Import/Export Regulations – Regulations | EGYTRANS
The Egyptian Department of Customs, which operates under the Ministry of Finance, is responsible for clearing merchandise into Egypt. Imported goods may not legally enter Egyptian commerce until the shipment has arrived within the port of entry and customs has authorized delivery of the merchandise.
imporrt/Export – Egypt Customs, Currency & Airport Tax regulations details
Travel and customs requirements.
EGYPT: Regional Trade Agreements
Egypt is party to the following regional agreements: Agadir Agreement, COMESA Agreement, European Union-Egypt Association Agreement, GAFTA, Egypt-Turkey Free Trade Agreement, and numerous free and preferential trade agreements with individual Arab countries.
Housing and Rentals
Egypt furnished apartments, sublets, short term rentals
Egyptian housing rental website
Egypt – useful tips for expats | ExpatFocus.com
Egypt is both a delightful and frustrating country to relocate to. But if one keeps their sense of humor and openness to the adventure available on nearly every street corner, you’ll leave with a pocketful of memories of her gentle, friendly people, history, beaches, mountains, and deserts.
Egypt Tourism Authority: Home
Egypt’s Official tourism website.
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