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New presidential directions to attract investment in Egypt

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.