Doing Bus in Egypt

Prepared byMagdy Hashish & PartnersMember of MGIA Worldwide Association of Independent, Auditing, Accounting and Consulting Firms2001

Doing Business in...

MGI International Tax and Business Guide

EGYPT

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PREFACE

This booklet was prepared by

Magdy Hashish & Partners

Chartered Accountants - Management & Financial ConsultantsMember firm of

MGI

To help clients of member firms wishing to investor to establish any kind of business in Egypt.information in this booklet is brief,so we recommend any one intending to conduct business in Egypt,to seek local professional advice.Every care and concern has been taken in the preparation of this booklet,thus no responsibility can be accepted for inaccuracy.It is to be noted also that law, practiceor both are subject to change from time to time.

DISCLAIMER

MGI

is a worldwide associationof independent auditing, accounting and consulting firms.Each member firm undertakes no responsibility for the activities, work,opinions or services of other member firms.

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CONTENTS

Page No.

Introduction

............................................................................................................... 4Official Name......................................................................................................... 4Geography.............................................................................................................. 4Climate................................................................................................................... 4Main Cities............................................................................................................. 4Population.............................................................................................................. 4Age Profile.............................................................................................................. 5Labor Force............................................................................................................ 5Languages............................................................................................................... 5Government .......................................................................................................... 5Legal System........................................................................................................... 5Economy................................................................................................................ 6Natural Resources .................................................................................................. 6Currency ................................................................................................................ 6Banking Hours ....................................................................................................... 6Time....................................................................................................................... 6Official Holidays..................................................................................................... 6

Business:

.................................................................................................................... 7Forms of Organizations ......................................................................................... 7Tax System ............................................................................................................ 8

Investment:

................................................................................................................ 11Investment Law ..................................................................................................... 11Free Zones System ................................................................................................. 12Law of New Urban Communities........................................................................... 12Privileges, Guarantees and Exemptions .................................................................. 12Investment Incentives in Egypt .............................................................................. 13