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Citizenship by investment Egypt
Egypt citizenship program
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The Arab Republic of Egypt, located in the northeast corner of Africa, spans around 1 million square kilometers, and ranks as the 12th largest country in Africa and the 30th largest country globally. It shares borders with Gaza and Israel to the northeast, Sudan to the south, and Libya to the west. The Gulf of Aqaba in the northeast separates Egypt from Jordan and Saudi Arabia. Egypt is the third most populous country in Africa and the 14th worldwide.
Located between the Mediterranean and the Sahara and home to the Suez Canal, Egypt represents an important link between Europe and Africa with great economic potential.
Egypt’s economy is primarily driven by the services industry, which accounts for approximately 55 percent of the gross domestic product (GDP). In 2023, Egypt emerged as the top contributor to Africa’s GDP, accounting for 13.9 percent, surpassing Nigeria and South Africa. Egypt has also been one of the leading drivers of trade in Africa, with an estimated 10 percent share in 2023.
The dynamic growth of the Egyptian economy, its strategic geographical position, low labor costs, skilled workforce, unique tourist potential, substantial energy reserves, large domestic market and the success of the reforms undertaken by the authorities contributed to driving up foreign investments in Egypt
Egypt recently adopted an Investment Law that includes performance requirements for certain investment incentives, including labor-intensive projects and geographical location. The government has also set up special economic zones with business-friendly regulations: more liberal, more efficient administration, tax incentives, facilitation of registration and customs procedures and better infrastructure.
What does a Egypt passport give you?
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Visa-free countries
Tax regime
Egypt employs a progressive tax system, where the tax rates increase with higher income levels.
The progressive tax system aims to achieve a fair distribution of the tax burden and ensure that higher-income individuals contribute proportionately more to government revenue.
The income tax rates for individuals range from 0% to 27.5%.
VAT -14%
Business Profits
Individuals engaged in business activities, such as self-employed professionals, freelancers, and small business owners, are required to report their business profits as part of their taxable income. Business profits are calculated by deducting business-related expenses, such as office rent, utilities, supplies, and employee salaries, from the total revenue generated by the business during the tax year.
Corporate income tax – 22.5%
Rental Income
Individuals who own residential or commercial properties and receive rental income from tenants must include this income in their tax return. However, they can also deduct certain expenses related to the rental property, such as property maintenance, repairs, and property management fees, from the rental income before calculating the taxable amount.
The real estate tax rate is 10% of the value of real estate (the calculation of the value of real estate will be different for residential and non-residential premises).
Capital Gains
Capital gains refer to the profits realized from the sale of assets, such as real estate, stocks, bonds, or other investments. In Egypt, capital gains are treated as taxable income and must be reported in the individual’s tax return. The tax treatment of capital gains varies based on the type of asset and the holding period.
Capital Gains Tax – 22.5 %
Tax Treaties and International Taxation
Egypt has entered into double tax treaties with several countries to avoid double taxation and prevent tax evasion. Expatriates working in Egypt may benefit from tax treaty provisions that exempt certain types of income from taxation or provide reduced tax rates. These provisions can significantly impact the tax liabilities of foreign nationals, making it essential for expatriates to be aware of the tax treaty benefits.
Egypt has concluded 61 Double Tax Treaties (DTC) with the following jurisdictions: 61 DTC: Albania, Algeria, Austria, Bahrain, Belarus, Belgium, Bulgaria, Great Britain, Hungary, Germany, Greece, Georgia, Denmark, India, Indonesia, Jordan, Iraq, Ireland, Spain, Italy, Yemen, Canada, China, Cyprus, Korea, Kuwait, Lebanon, Libya, Mauritius, Macedonia, Malaysia, Malta, Morocco, Netherlands, Norway, UAE, Oman, Pakistan, Palestine, Russia, Romania, Saudi Arabia, Serbia, Singapore, Syria, Sudan, USA, Tunisia, Turkey, Poland, Uzbekistan, Ukraine, Finland, France, Montenegro, Czech Republic, Switzerland, Sweden, Ethiopia, South Africa, Japan.
In addition, Egypt has signed and ratified the Multilateral Convention on the Implementation of Measures Related to Tax Agreements in order to Counteract the Erosion of the Tax Base and the Withdrawal of Profits from Taxation (Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and profit Shifting, MLI). The multilateral Convention entered into force for Egypt on January 1, 2021.
There is no currency control.
Business set up
The process of setting up a business in Egypt typically involves several key steps:
- Researching the market and identifying potential business opportunities.
- Developing a comprehensive business plan that outlines the company’s goals, strategies, and financial projections.
- Obtaining the necessary licenses and permits to operate legally in Egypt.
- Registering the business with the relevant authorities, such as the Egyptian Commercial Registry.
- Complying with tax regulations and obtaining a tax identification number.
- Opening a business bank account to facilitate financial transactions and manage funds.
Opening a bank account in Egypt.
Egypt boasts a reliable banking system that plays a vital role in the country’s economic growth. The banking sector provides essential financial services, including loans, credit cards, and various transactional facilities, making it conducive for entrepreneurs looking to start a business.
Egyptian banks offer two main types of bank accounts: the saving account and the current account.
Procedure of opening a bank account includes providing the following:
- valid residence permit
- passport-size photos
- passport
- the minimum deposit
- a duly filled and signed form
In the procedures for establishing limited liability companies, it is not request to open a bank account in establish a limited liability company and the company's capital is not deposited.
A bank account is opened only in the establishment of one-person companies that consist of one partner, and the capital is deposited and the bank immediately freezes the account, preventing its disposal until the commercial register is extracted and the validity and signatures of the partners are reviewed on all papers and documents that have been submitted.
Investment options for Egypt
![Real Estate Investment](https://558837189.r.cdn36.com/uploads/large_0538812171i_ece8e5d19d.jpg)
![Investment in Companies](https://558837189.r.cdn36.com/uploads/large_ADCB_Slider_1_9fbc562af3.jpg)
![Donation](https://558837189.r.cdn36.com/uploads/large_1084534_f26b7eb03d.jpg)
![Bank Deposit](https://558837189.r.cdn36.com/uploads/large_egypt_banque_misr_one_of_the_oldest_commercial_banks_established_in_egypt_has_acquired_1_1_billion_shares_of_banque_du_caire_at_a_price_of_6_2_pounds_per_share_scaled_fdec8e514d.jpg)
Post-immigration services
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Exclusive real estate services
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Tax Identification Number
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Getting a driver's license
![Police reports](https://558837189.r.cdn36.com/uploads/small_paren_4abf8f8e25.jpg)
Police reports for approved clients
![SIM card](https://558837189.r.cdn36.com/uploads/small_top_view_three_sim_cards_with_internet_communication_network_1ec9c16695.jpg)
Local SIM card
![Company registration](https://558837189.r.cdn36.com/uploads/small_business_tycoon_2048x1075_d6b32532c2.jpg)
Company registration/incorporation (local and offshore companies)
Requirements for applicants
- The main applicant must more than 18 years old;
- Clean Criminal Record of the main applicant.
- Applicant mustn't have any cases of illegal stay in Egypt;
- Applicant must submit the documents according to the list.
Our successful cases
Testimonials from satisfied clients
I thank One World Migration for the opportunity to move to Turkey with their help. I looked to relocate my company to be closer to my European partners and suppliers from the Middle East.
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I first came to Portugal as a tourist 3 years ago. Having assessed the situation and got acquainted with this country, I decided that I wanted to stay here to live. Thanks to the efforts of One World Migration, this became possible.
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The decisive factor for me in my decision to obtain Grenadian citizenship was the possibility of a visa-free visit to Europe, where my husband and I love to come both on business trips and on vacation. Thank you One World Migration!
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I have to thank One World Migration and their customer mindset for obtaining Grenadian citizenship. We were able to prepare all the necessary documents in the shortest possible time and without unnecessary worries and they accompanied us throughout the entire process.
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Frequently Asked Questions
All investments must be funded through a direct transfer of funds from abroad. There is also the option of using funds that are sourced from abroad, as long as the funds have passed through an official security customs checkpoint and were received by the client after they obtain their case file number from the government, for their application.
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Choose the option that suits you
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