is both welcomed and encouraged!!
As of 1991, all foreign exchange transfer restrictions were void.
LAWS DEALING WITH FOREIGN INVESTMENT
-Capital Market Law
-Investment Incentives and Guarantees Law
-1998 laws regulation private participation in public establishments
Depending on size, location, etc., a
foreign capital financed project
can be tax exempt for 5-10 years and can
be exempt from some customs duties.
Everything above applies to the following industries:
-industrialization
-mining
-energy
-tourism
-transportation
-reclamation/cultivation of barren land
-animal husbandry
To get started investing:
1. Apply to General Authority of Arab Investment and the Free Zones
2. Committee of 8 will begin bidding on your idea
Trends in Foreign Trade:
-Smaller list of banned imports
-Less export restrictions
-Less non-tariff barriers
Most investments are located in the port cities.
75% of foreign exchange currencies must
be converted to local currency.
Foreign direct investment in Egypt was $510
million in 2001, but declined the next year.
Source:
