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There is currently no Economic zone except for the General Authority for Economic Zone- North West Gulf of Suez (SEZone) which is operative under Law 83 for year 2002 For more info about the economic zone please visit www.sezone.gov.eg

according to Law 83, in which SEZone is operative under provides a number of incentives and guarantees for business, here are some of the incentives and guarantees that are stipulated in the Law along with some of the characteristics of the zone. 10% unified income tax in the SEZONE, 5% income tax, For more info http://www.sezone.gov.eg/en/index.php?page=Incentives-and-Benefits

Companies intending to invest in the Special Economic Zone will be governed by Law 83/2002 of economic zones with a special nature For more info please download law 83 of 2002. http://www.sezone.gov.eg/en/index.php?page=Development-Objectives

Yes, this can be achieved through agreed upon contractual arrangements between both parties(Developer and MDC(Main Development Company) ). MDC is to construct the backbone utility services and necessary infrastructure in the public areas of SEZone. Developers are responsible for the construction and operation of the necessary on-site infrastructure in order to deliver utility services to the end-users (Investors) within the areas of SEZone over which they have development rights. For more info http://www.sezone.gov.eg/en/index.php?page=mdc

The proposed industry mix is comprised of, medium and light industries, including; Automotive assembly and components, Chemicals & Petrochemicals, Construction and Building Materials, Textiles and Readymade Garments, Agri-Business & Food Processing, Home Appliances and Electronics, Logistics and Warehousing, Pharmaceuticals, including international call centers and back office services, regional distribution facilities, and information technology. For more info http://www.sezone.gov.eg/en/index.php?page=targeted-industrial-opportunities

Yes, there is a various potential opportunities open for investments as Utility and Infrastructure facilities, for more info http://www.sezone.gov.eg/en/index.php?page=other-potentials

• An application to the head of the investment commercial registration • A photocopy of the constitutive structure of the head office. • A copy of the head company resolution to assign a manager for the branch in Egypt • A copy of the head company declaration of having no previous branch in Egypt • A bank certificate proving transferring an amount of hard currency equal to LE 5000 under the branch name. • A copy of the possession or lease contract for the place , or the contracting contract approval . • The approvals of the concerned ministry according to the company's activity and the ministry of supply. • An Arabic version of said documents, should be endorsed by Egyptian Embassy.

Yes, most developers offer a 10 year warranty. Always check the contract. Many other investment property overseas in other emerging property markets won't offer this.

Yes, you have to obtain a residents visa, so that you can open a bank account and if using an Egyptian lawyer give him power of attorney to register your property in court.

No. One of many great tax perks that make Egyptian overseas property investments a great purchase

Apart from the annual Real Estate tax of approximately EGP 500 (approx. GBP £50)and the annual maintenance mentioned in the contract, there will be utility (water & electricity) charges which are substantially lower than by European comparison and other overseas investment property locations

Yes, on freehold properties only, it is a capital repayment type mortgage, subject to status, on 65% of the purchase price is available after completing as a release of equity basis

All properties are freehold in Egypt except in South Sinai where the ownership is based on a 99-year long lease system

There is currently no zone in Egypt that is operative on Public Private Partnership model However, Due to the sagacity of the government it has embarked on a number legislative reforms strategy , to due cause it has enacted Law No. 83 for establishing Economic Zones of a Special Nature, North-West Gulf of Suez Special Economic Zone (SEZone) is the first and only Economic zone to be established in Egypt under this law. The government’s awareness of the role of the private sector in contributing to the economic prosperity for the country, has triggered its interest in endorsing projects on PPP/BOT/BOOT models. The SEZone as the single regulator in the Zone and as it posses the authority of all related ministries is open to all forms of cooperation and arrangements with the private sector; i.e.(Water Desalination/ power stations , roads, networks.etc..). Projects with the private sector shall be implemented through the Main Development Company (MDC), which is the development arm of the Authority.

There is currently no Economic zone except for the General Authority for Economic Zone- North West Gulf of Suez (SEZone) which is operative under Law 83 for year 2002 however, there is currently a number of foreign private developers in Egypt which are operative under other investment regimes.

A foreign entity can participate in the infrastructure development of the Economic zone; In regard to participation of the entity with the MDC, this can be achieved through agreed upon contractual arrangements between both parties and a form of partnership such an SPV can be derived.

Due to the flexibility that SEZone practices there is no such minimum or maximum investment cost that is required in order to commence in the development, each project is taken on a case by case basis and studies according to the perceived outcomes. Law 83, in which SEZone is operative under provides a number of incentives and guarantees for business, here are some of the incentives and guarantees that are stipulated in the Law along with some of the characteristics of the zone.

Yes, companies intending to establish a manufacturing unit in the Special Economic Zone will be governed by the Companies Law 159/1980, in addition to law no.34/1976 concerning the Commercial Register. Law 83/2002 of economic zones with a special nature will also be applicable on those companies. Without violating the provisions of international treaties enforced in Egypt, the Zone shall be subject to Egyptian tax and customs Laws, where no provisions exist within this Law.

The companies and establishments shall acquire lands and buildings necessary to operate and expand their business within the Zone by way of allocation by the Authority in return for an annual usufruct fee for a renewable period of fifty years. Usufruct granted on real estate to companies, establishments and branches working in the Zone shall not be revoked or suspended unless there was a breach of the licensing conditions. Contesting the decisions to revoke or suspend licenses shall be pursuant to the provisions concerning contestation of the decisions of the Authority as stipulated herein.


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