Egypt
  • Population:
    112,540,000
  • Capital:
    Cairo
  • Official language:
    Arabic
  • Currency:
    Egyptian pound (EGP)
  • Government:
    Republic
  • Closed:
    Friday and Saturday
Egypt is an ancient civilization with a rich history. It is the 15th most populous country in the world and the third most populous in Africa, behind Nigeria and Ethiopia. The country plays a key role in the geopolitics of the Middle East, and Egypt is a popular tourist destination, attracting millions of visitors annually. Egypt is a founding member of the United Nations, the Arab League, the African Union, the Organization of Islamic Cooperation, and the World Youth Forum.
Located in northeastern Africa, it has access to the Mediterranean and Red Seas. Controls the Suez Canal, a key shipping route between Europe and Asia. Borders Libya, Sudan, Israel, and the Gaza Strip.
Economy
Egypt has a diversified economic system, where the public and private sectors coexist. Although the agricultural sector has traditionally played a key role, in recent decades there has been a trend towards strengthening industrial production and the service sector. The key drivers of the country's economic growth are the energy sector, tourism, and information technology.
Egypt's economic indicators show positive dynamics. In 2023, the gross domestic product (GDP) reached $2.1 trillion. This growth is due to several factors: the recovery of the tourism industry, an increase in revenue from the operation of the Suez Canal, and an increase in oil exports in 2022-2023. However, the country's economy faces certain challenges: the inflation rate in 2023 averaged 24.8%. At the same time, there is a positive trend in the labor market - the unemployment rate has decreased from 9.6% in 2020 to 7% in 2023.
Free economic zones in Egypt:
Free zones in Egypt are governed by special provisions on taxation, customs and finance. Residents enjoy exemption from income tax, sales tax, import and export duties. The main strategic sectors of the economy for attracting investment are renewable energy, information technology, automotive and logistics.
  • Suez Canal Economic Zone (SCZone)
    Focused on transportation and logistics
    1
  • Alexandria Free Zone
    For industrial production and export
    2
  • Port Said Free Zone
    For logistics and trade
    3
  • Nasr City Free Zone
    For information technology and light industry
    4
  • Badr City Free Zone
    For manufacturing and export
    5
  • Qena Investment Zone
    For agriculture and processing of products
    6
  • Ismailia Free Zone
    For light industry and agro-industrial complex
    7
Benefits of registering a business in the FEZ
Companies in the FEZ of Egypt are exempt from a number of taxes, import duties and receive benefits for export. This creates attractive conditions for foreign investors, namely:

  • Exemption from customs duties and taxes
  • Simplified registration and licensing procedures
  • 100% foreign ownership is allowed
  • Guarantees against nationalization
  • Free transfer of profits abroad
Other types of companies available
1
Joint Stock Company (JSC)
2
Limited Liability Company (LLC)
3
Branch of a Foreign Company
4
Representative Office
Tax System
  • Corporate Tax: 22.5%
  • VAT: 14%
  • Income Tax: progressive scale from 0% to 25%
  • Property Tax: 10% of the annual rental value
Banks of Egypt
  • National Bank of Egypt
    Largest state bank
  • Commercial International Bank
    Leading private bank
  • Banque Misr

    Second largest state bank
  • HSBC Egypt

    Largest foreign bank in the country
Egypt is a promising direction for investment and business development. The country has a number of advantages: a strategic geographical location, a large domestic market, a developing economy with a growing GDP and declining unemployment. Diversified economic sectors, rich natural resources and active infrastructure development create ample opportunities for investors.