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.

April 25Sinai Liberation Day
May 1Labor Day
May 2Coptic Easter Sunday
May 3Spring Festival
May 13Eid el Fitr
May 14Eid el Fitr Holiday
May 15Eid el Fitr Holiday
June 30June 30 Revolution
July 19Arafat Day
July 20Eid al-Adha
July 21Eid al-Adha Day 2
July 22Eid al-Adha Day 3
July 23Eid al-Adha Day 4
July 23Revolution Day July 23
August 10Muharram
October 6Armed Forces Day
October 19Prophet 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.

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