Egypt boasts a unique geographical location, making it a global transportation hub through the Suez Canal, diverse mineral resources, and economic factors that contribute to the success of any investment project established on its land, provided it respects legal texts and considers the economic conditions necessary for the success of any project.
The Egyptian government has worked to create the appropriate legislative environment to enhance the investment climate and stimulate the role of the private sector in driving economic growth through the enactment of many laws and decisions.
Investment Opportunities:
Egypt has several advantages that make it a secure investment opportunity, including:
– Large Market: Egypt is one of the largest consumer markets in the Middle East and North Africa, with a population of nearly 100 million people.
– Developed Infrastructure: In recent years, Egypt has enhanced its infrastructure, including roads and ports, which improves product distribution capabilities and reduces costs.
– Free Trade: Egypt’s membership in the African Union allows companies operating in Egypt to open new export markets to member countries with customs facilities.
– Low Labor Costs.
Strategic Steps:
The Egyptian government has followed policies that encourage foreigners to invest their money in projects within the Arab Republic of Egypt:
– Simplifying Legal Procedures: The Egyptian government has specified steps for establishing foreign companies or opening their branches in Egypt, set deadlines for their approval, and outlined the procedures for accepting projects through the Investment Law of 2017.
– Automating Operations: By creating an electronic platform for establishing, operating, and liquidating projects, and enacting the Electronic Signature Law, which removes bureaucratic barriers and simplifies procedures.
– Activity Permits: The state has expanded the list of companies eligible for a golden license.
– Relieving Investor Burdens: The government has prohibited any entity from issuing decisions that add financial or procedural burdens without obtaining approval from the Prime Minister and the Supreme Council for Investment.
– Facilitating the Import of Raw Materials: The government has allowed foreign investors to be registered in the importers’ registry without needing to hold Egyptian nationality for ten years.
– Land Allocation:
Establishing a well-planned economic project in Egypt provides significant opportunities for businessmen and investors to overcome challenges and handle the procedures related to company establishment. Our legal team, supported by the best lawyers, offers these services, so do not hesitate to contact us for consultation and assistance in completing the procedures on your behalf.