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• What do I need to set-up a private business in Egypt as a foreigner?

• 
  Anja Buchloh

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  What do I need to set-up a private business in Egypt as a foreigner?

  I am thinking about opening my own private company in Hurghada and please need advices, which papers I have to bring, how much it will cost (roundabout of course) and if it is generally possible to open a company without an Egyptian partner. Also any input regarding the Egyptian tax-system is highly appreciated :-)
  
  Thanks in advance for your feedback.
  
  Sunny regards from the Red Sea
  
  Anja
  
  • 21 Dec 2010, 4:57 pm
  Anja Buchloh wrote: > I am thinking about opening my own private company in Hurghada and > please need advices, which papers I have to bring, how much it will > cost (roundabout of course) and if it is generally possible to open a > company without an Egyptian partner. Also any input regarding the > Egyptian tax-system is highly appreciated :-) > > Thanks in advance for your feedback. > > Sunny regards from the Red Sea > > Anja
• 
  Joachim Kipka    Group moderator

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  Re: What do I need to set-up a private business in Egypt as a foreigner?

  Hi Anja,
  
  i can not provide you with all the information you need, cause i am not a lawyer, but may i can help you to get an idea to start.
  
  First of all, you need the right Visa. This is for Europeans not a bog number to get. Also you need for sure:
  
  + the approvment from high police in Cairo about your person
  + The agreement about the company you like to open
  + you need to check that the name you want to use for the company is free, e.g. "Business" and Business Company" is not the same
  + you need somebody to help with tax
  
  In general it IS possible to set up a company without an egyptian partner, but right now it changed because it was misused by some people.
  
  If you like i can help to get a meeting with our company lawyer here in Hurghada. I think this will be free of charge.
  
  Regards
  Joachim
  
  • 22 Dec 2010, 08:39 am
  Joachim Kipka wrote: > Hi Anja, > > i can not provide you with all the information you need, cause i am > not a lawyer, but may i can help you to get an idea to start. > > First of all, you need the right Visa. This is for Europeans not a > bog number to get. Also you need for sure: > > + the approvment from high police in Cairo about your person > + The agreement about the company you like to open > + you need to check that the name you want to use for the company is > free, e.g. "Business" and Business Company" is not the same > + you need somebody to help with tax > > In general it IS possible to set up a company without an egyptian > partner, but right now it changed because it was misused by some > people. > > If you like i can help to get a meeting with our company lawyer here > in Hurghada. I think this will be free of charge. > > Regards > Joachim
• 
  Maher Bekir

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  Re^2: What do I need to set-up a private business in Egypt as a foreigner?

  Hi Anja,
  
  To set up a private business in Egypt, you need to have professional office to handle your paper documents from day one, you do not need even lawer, i am talking about office such as KPMG, or similar.
  
  thanks
  
  Maher Bekir
  
  • 08 Jan 2011, 3:59 pm
  Maher Bekir wrote: > Hi Anja, > > To set up a private business in Egypt, you need to have professional > office to handle your paper documents from day one, you do not need > even lawer, i am talking about office such as KPMG, or similar. > > thanks > > Maher Bekir