Generous incentives to invest in Egypt’s private sector have been approved by the Government through the offering of a series of Investment Laws revolving around tax incentives, customs exemptions, and many new investor protections and guarantees.

Law 230 and its update by the 1997 Investment and Incentives Guarantee Law # 8, offer investors:

• A project could be wholly owned by foreigners.
• Guarantees against nationalization and expropriation of the project.
• Output of the project is not subject to price control.
• Projects are allowed to repatriate their capital and profits.
• Foreign experts salaries are exempt from income tax if their stay in Egypt is for less than one year.
• Imported capital assets and construction materials required to establish an approved project are subject to a unified import duty rate of 5%.
• Tax holidays are granted at the end of the first fiscal year from the date of commencing activities:
  • Five year tax exemption if the project is located in the Old Valley.
  • Ten year exemption if the project is located in the industrial areas or the new communities or remote areas.
  • Twenty year exemption if the project is located in the New Valley (Toshka - East Owinat - Paris - Alkharja - East Farafra - Siwa).
  • Life time exemption from taxes in free zones.