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Following a turbulent period from 2011 to 2016 the Egyptian tourism sector has experienced consistent growth. Efforts aimed at diversifying source markets, improving safety and conducting successful marketing campaigns are continuing to pay dividends. As a result, Egypt witnessed double-digit growth in international travellers in both 2017 and...

 

The last remaining of the Seven Wonders of the Ancient World, Egypt’s Great Pyramids of Giza, have drawn millions of tourists interested in exploring the tombs and ancient artefacts discovered along the Nile River. Thousands of antiquities are stored in the Egyptian Museum of Antiquities in Cairo, with many others showcased in museums...

 

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...

 

In the past few years several changes have been made to Egyptian law to reshape the tax system. These reforms are important in light of changes that have recently been implemented in the field of taxation on a global level, due to significant and persistent fluctuations in the world economy.

 

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.

 

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.

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