Investment and business

Investment Law

How it works when you want to start a business as foreigner

Recently Egypt modernized its rules for establish a company in Egypt. Investment Law allows companies incorporated under its umbrella to enjoy a set of incentives and prohibits nationalization, confiscation and freezing of assets, and government interference in the pricing of companies' products.This year Egypt ratified a landmark investment law reduce barriers to how international companies invest and operate in Egypt. The measure will expand economic growth, domestic production, exports and foreign investment, and is designed to boost employment opportunities and increase Egypt's competitive edge across the region. The law is also expected to ensure equality of opportunity, empower youth, protect the environment and public health, and enhance good governance and transparency.

The new law guarantees a number of protections for international investors to encourage new development in Egypt:

Foreign investors will receive the same treatment under law as Egyptian nationals.
Foreign investors may now be granted preferential treatment, with approval from the Council of Ministers.
Investments will not be governed by arbitrary procedures or discriminatory decisions.
Investment projects will not be nationalized.
No administrative authority can revoke or suspend investment project licenses without proper warning, due process, and time to correct any issues.
Foreign investors are guaranteed residence in Egypt during the term of a project.
Investors have the right to transfer their profits abroad.
Investors' projects may include up to 10% foreign employees, and up to 20% for investment companies.
Foreign employees of investment companies have the right to transfer their compensation abroad.

It is a very complex situation, which need to be supported by a laywer, specialized in Investments and Trade. It is too much to resume all here. We like to meet you in one of our offices (Cairo, HUrghada) to discuss your plans, so we can give you the proper advice before signing any contract.

Download Egypt's New Investment Law fact Sheet.pdf