On the 16th of May, President Abdel Fattah El-Sisi issued new directions to attract investment to Egypt that include:
Incorporating companies online through a digital platform that will be established for this specific purpose in order to remove any obstacles to startups and entrepreneurs.
Allowing the incorporation of virtual companies without the need to have a physical location in order to save expenses and facilitate business operations.
Facilitating the requirements of incorporation for one person companies.
Expanding technological investment free zones
Expanding tax breaks for startup companies
Activating whitelists for importing electronic components for specialized companies.