One of the most important changes to take place recently is the digitisation of tax, a process which began in Egypt only in mid 2018. The tax rate in Egypt is lower than a number of other countries around the world, which is important in boosting the country’s competitiveness. However, in the past the difficulty associated with filing taxes...
The legal environment is a major factor in an investor’s decision to set up shop in a foreign country and the ease of doing business once operable. This overview sheds light on the relevant laws that are most applicable to foreign investors in Egypt, focusing on the corporate, labour, investment and property laws of the country.
Due to the political climate, Egypt has faced a number of economic challenges. While the uprisings have brought the country out of stagnation, they have also interrupted commerce, which had led to a prolonged closure of the stock market as well as a drop in some of the country’s main industries, such as tourism.
With the government prioritising economic diversification, Egypt’s digital transformation continued apace in 2018. Guided by its ICT 2030 Strategy, which aims to transform Egypt into a telecoms and tech centre on both a regional and global scale, the government is focusing on new initiatives such as electronics design and manufacturing, as...
Egypt is banking on a number of key advantages to become a regional and global centre for tech start-ups. The country benefits from a young, increasingly urbanised and tech-minded population, and around 250,000 engineering and tech graduates enter the job market every year. The costs of establishing and registering a business in cities like...
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