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Egypt
Egypt Geography, History, and Culture
Egypt is the most densely populated Arab nation and the third highest in Africa. Located in Northern Africa and bordering the Mediterranean Sea, Egypt’s rich ancient history, as well as its modern impact in the region have made it both a major tourist attraction as well as a regional flash-point. As the seat of one of the most ancient civilizations in the world, Egypt’s rich trove of art, literature and architecture have attracted visitors from near and far. However, recent political turmoil, starting in 2011, has slowed down economic progress and failed to increase employment particularly among youths. Egypt’s GDP was $235.37 billion in 2017 with an unemployment rate estimated at 11.9%.
The official language spoken in Egypt is Arabic although an elite class comprehends both English and French. Most of the population identifies as Muslim, with a substantial minority of Coptic Christians.
| 2021 | |
| April 25 | Sinai Liberation Day |
| May 1 | Labor Day |
| May 2 | Coptic Easter Sunday |
| May 3 | Spring Festival |
| May 13 | Eid el Fitr |
| May 14 | Eid el Fitr Holiday |
| May 15 | Eid el Fitr Holiday |
| June 30 | June 30 Revolution |
| July 19 | Arafat Day |
| July 20 | Eid al-Adha |
| July 21 | Eid al-Adha Day 2 |
| July 22 | Eid al-Adha Day 3 |
| July 23 | Eid al-Adha Day 4 |
| July 23 | Revolution Day July 23 |
| August 10 | Muharram |
| October 6 | Armed Forces Day |
| October 19 | Prophet Mohamed’s Birthday |
- SAE (Sharikat al-Mossahamah)
- LLC (Limited Liability Company)
- Sharikat Tadamun
- Sharikat Tawssiyah Bassita
- Sharikat Tawssiyah Belashom
- Corporate Tax: 22.5% (on taxable corporate profits) (+ 5% on distribution of profit)
- Income Tax (Lowest Marginal Rate): 0%
- Income Tax (Highest Marginal Rate): 22.5%
- VAT/GST/Sales Tax: 14% (standard rate), 10% (professional services), 0% (exports)
- Egyptian Arab Land Bank (Commercial Bank)
- National Bank of Egypt (Commercial Bank)
- Principal Bank for Development and Agricultural Credit (Commercial Bank)
- Bank of Alexandria (Commercial Bank)
- Misr Iran Development Bank (Commercial Bank)
- Commercial International Bank (CIB) (Commercial Bank)
- Barclays Bank Egypt (Commercial Bank)
- Industrial Development & Workers Bank of Egypt (Commercial Bank)
- Societe Arabe Internationale de Banque (SAIB) (Commercial Bank)
- Blom Bank (Commercial Bank)
- Credit Agricole Egypt (Commercial Bank)
- Emirates NBD (Commercial Bank)
- Suez Canal Bank (Commercial Bank)
- Qatar National Bank Al Ahli (Commercial Bank)
- Federal Arab Bank For Investment and Development (Commercial Bank)
- Banque Misr (Commercial Bank)
- Bank Audi (Commercial Bank)
- Ahli United Bank (Commercial Bank)
- Faisal Islamic Bank of Egypt (Commercial Bank)
- Housing and Development Bank (Commercial Bank)
- Al Baraka Bank Egypt (Commercial Bank)
- National Bank of Kuwait – Egypt (NBK-Egypt) (Commercial Bank)
- Abu Dhabi Islamic Bank (ADIB) (Commercial Bank)
- Union National Bank Egypt (UNB-E) (Commercial Bank)
- Egyptian Gulf Bank (Commercial Bank)
- Arab African International Bank (Commercial Bank)
- HSBC Bank Egypt (Commercial Bank)
- Arab Banking Corporation (Commercial Bank)
- Export Development Bank of Egypt (Commercial Bank)
- United Bank -Egypt (Commercial Bank)
- National Bank of Abu Dhabi (Commercial Bank)
- Citibank (Commercial Bank)
- Arab Bank Plc. (Commercial Bank)
- Bank of Nova Scotia (Commercial Bank)
- Arab Investment Bank (AIBK) (Commercial Bank)
- Arab International Bank (Commercial Bank)
- HSBC (Foreign Bank)
- Mashreq Bank (Foreign Bank)
- National Bank of Abu Dhabi (Foreign Bank)
- National Bank of Egypt (Foreign Bank)
- National Bank of Greece (Foreign Bank)
- National Bank of Oman (Foreign Bank)
- Piraeus Bank (Foreign Bank)
- Société Générale (Foreign Bank)
- Union National Bank (Foreign Bank)
Aadmi can support you with your expansion to Egypt. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns. Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.
Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.
