5 Reasons to Work in Egypt

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Are you looking for a high-paying job in the MENA region? If yes, Egypt is the best place to live and work. Here is what you need to know!

5 Reasons to Work in Egypt

Egypt is a beautiful country in the MENA region, holding an ancient history and rich culture. It is one of the most popular destinations for tourists. But do you know the country also attracts people to live and work? Egyptian companies welcome skilled and qualified people to work and live luxurious life.

Although Egypt has many cities, professionals usually choose Alexandria and Cairo for living and working. If you want to secure a high-paying job in Egypt, we recommend looking for a company in Cairo. Today’s article will highlight five reasons to work in this beautiful country. Read on!

1. Affordable Cost of Living

The best thing about moving to Egypt and working there is the affordable cost of living. Unlike other Middle Eastern or MENA countries, Egypt is relatively cheaper. You will spend less on living, food, transport, tourism, entertainment, adventure, etc. Everything in this country is budget-friendly.

In addition, you can save a lot of money because the salaries for foreigners are usually higher, allowing them to live a luxurious life and save more money in their savings accounts.

2. More Job Opportunities

Although most people find it challenging to find a job in Egypt, you can use online portals and job websites to land your dream job. The problem is for people who do not know what sites to look for and how to send CVs and cover letters.

We recommend searching for job opportunities on the companies’ official websites to streamline the process. Although Egypt has numerous industries and offers versatile employment opportunities for foreigners, some of the most popular niches are:

  • Technicians
  • Sales
  • Public relations
  • Marketing
  • Academic
  • Hospitality
  • Admin
  • Technology
  • Engineering
  • Management
  • Software
  • Networking
  • Medical

3. Hospitable Culture

Another important reason to live and work in Egypt is the friendly people and hospital culture. Hospitality is an integral part of Egyptian culture, tradition, and values. People are warm-hearted, friendly, polite, and honest. So, they will take care of you, meaning you won’t feel like a stranger in this country.

For example, people in Egypt are helpful and friendly. Not only do they love to talk, but they will also sit down with you at a tea or coffee shop and have a nice conversation. So, living and working in Egypt is an opportunity to meet new people, make friends, and explore the country. You won’t have any complaints!

4. Rich History and Tourism

Many people travel to Egypt to explore the country’s rich history, culture, and tourist sites. However, living in Egypt and working there as a foreigner allows you to explore the hidden gems, including the stunning landscapes, archeological sites, and unique sightseeing.

The purpose is to travel across the country with your family and create memorable experiences. We recommend visiting the famous ancient sites and national treasures hidden in the world-renowned pyramids.

5. Affordable Healthcare

Medical treatment and healthcare facilities are cheaper than in most countries in Europe, North America, Asia, and the Middle East. However, we recommend visiting private facilities for optimal and quality care.

Overall, the healthcare system has improved in the last few years, with new hospitals and facilities built in the country. Each hospital and clinic has a team of qualified health professionals, state-of-the-art equipment, and treatment options with access to health insurance.

Final Words

Egypt is a country with diverse landscapes, state-of-the-art infrastructure, and growing industries. The country’s GDP faced problems previously, but it has recovered, thanks to the business-friendly policies. Therefore, living and working in Egypt or starting a business in this country is one of the best things to do if you want to move to the MENA region. Until Next Time!

How to Start a Business in Egypt

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Do you want to start and run a successful company in Egypt? Follow the tips and tricks in this article to achieve your goals! Read Here!

How to Start a Business in Egypt

No wonder many people seek to open their businesses in Egypt. The country has many advantages for businesspeople: low cost, assistance from the state, and the absence of any obstacles to foreign investment. However, to properly open a business, it is essential to study the legislation of this country well. Today’s article will give you a few practical tips for starting a business in Egypt. Read on!

Understand the Laws

There are some restrictions on foreigners who want to develop a business a certain way. Foreign companies are allowed to open branches or representative offices. However, such companies will only be allowed to study the market conditions and carry out preparatory operations for future implementation.

Personal intermediary and commercial activities within Egypt will be prohibited. Foreign companies can organize a trading network and promote their services and goods. But for this, you will have to agree with a commercial agent (distributor) and register your representative office in accordance with the laws of the country.

Types of Businesses in Egypt

There are different forms of business within Egypt, but a foreigner will only be able to open the following:

Private enterprise: if you want to open such a form of business or ownership, you must not have any partners. Likewise, there is no legislative requirement for the presence of authorized capital.

Limited Liability Company: If you want to open a limited liability company, there must be at least two partners. The total amount of the authorized capital must be at least nine thousand dollars. No more than two managers are allowed in the company’s management, one of which must be an Egyptian.

Joint Stock Company: An open joint stock company will require a minimum of three shareholders and the size of the authorized capital of 45 thousand dollars.

General Partnership: A simple form of entrepreneurship since only two partners are required, and there are no requirements for authorized capital.

Limited Partnership: The presence of three partners and approved capital of 40 to 45 thousand dollars will enable you to freely open this form of company or business. In any business, one fact is important: a foreigner can own no more than 49% of the authorized capital and 51% from an Egyptian partner.

Find a Reliable Business Partner and Lawyer

The choice of a partner should be taken very responsibly. He needs to be trusted like himself. Otherwise, there is a significant risks of being left without advantages, profits, and the business itself.

The presence of a lawyer is optional but highly recommended because even the Egyptians use their services. Ordinary citizens will have to spend much time dealing with documents, standing in lines for more than one day, and filling out various forms.

On the other hand, lawyers have connections, understand the essence of the work of various bodies, and can legitimately speed up the procedure of a particular process, which is very important.

Complete the Documentation

The businessman himself or the lawyer who will deal with the registration of a business in Egypt must receive only two documents to start his own company: a tax registration certificate and permission from the Chamber of Commerce to conduct business.

A book of tax reporting will be issued with the receipt of the certificate. The Chamber of Commerce permits to conduct of a specific type of business activity. However, it can specify more than one, even if they are unrelated.

Final Words

Opening a business in Egypt has certain risks and difficulties. Registering a company without the help of a lawyer looks like an overwhelming task. However, it is worth your time and money. The purpose is to streamline the entire process. Follow the tips above to achieve your goals. Until Next Time!

  • Article based on personal opinion, experience and research.
  • Photos from Unsplash & canva.

Best Startups in Egypt

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What are the best startups in Egypt? What makes these companies unique from others? Here is everything you need to know!

Best Startups in Egypt

Egypt has one of the most favorable business ecosystems and fastest-growing startup industry. It consists of growing talent and a more than $1.5 billion value. Egyptian startups increased by 30% to 40% during the Covid-19 pandemic. Investors have spent more than $190 million on startup companies between 2020 and 2021. Today’s article will list the best startups in Egypt. Read on!

Trella

Trella is a Cairo-based startup company founded in 2019. Although Trella is a new company, it has quickly gained a reputation due to its innovative services. It has a team of professionals, including operational managers, SQL specialists, and software programmers.

Trella offers a digital platform for truckers to connect with freight loads. It has raised more than $42 million in equity between 2021 and 2022. The company makes substantial efforts to develop platforms that streamline the transport industry in Egypt.

Khazna

Khazna is a Cairo-based technology startup in Egypt with a team of professionals with expertise in programming languages and software development. It also has brand managers and sales executives to help businesses streamline their brand reputation.

Khazna has developed an innovative app that offers mobile financial services to more than 20 million users in Egypt. Khazna has partnered with Masria Digital Payments and Abu Dhabi Islamic Bank to launch a prepaid card.

Brimore

Brimore is another startup with a team of backend developers, data analysts, and customer relationship management. It has professionals with expertise in data analysis, JavaScript, and other programming languages to develop innovative software solutions for businesses.

However, Brimore provides a social commerce platform for people across Egypt to start, run, and grow their businesses through virtual shops. The company aims to equip female entrepreneurs with essential tools to streamline business processes and sell their products or services for a higher profit.

Capiter

Capiter is one of the best startup companies in Egypt. The headquarters of this company is in Cairo. The company hires people with expertise and skills in analytics, Java, and SQL database management.

Capiter offers a B2B eCommerce platform for sellers to optimize their online operations and generate higher investment returns. Moreover, the company CEO Mahmoud Nouh has made substantial efforts to make it the top startup in Egypt. More than 1,000 sellers use the company’s smartphone application.

Max AB

Max AB is a Cairo-based startup company founded in 2018. It hires people with skills and experience in JavaScript, SQL database management, data analysis, software engineering, and web and mobile application development.

Max AB is an eCommerce platform for retailers, enabling them to access products from various suppliers. The app also has innovative features that provide operational support to eCommerce businesses in Egypt.

Final Words

There are many startup companies in Egypt. Most of them are based in Cairo, the capital city, but not all are the best. We have listed the top five startup companies in Egypt, offering innovative eCommerce, financial, software development, and network security services to businesses across the country. Until Next Time!

  • Article based on personal opinion, experience and research.
  • Photos from Unsplash & canva.

Top 10 Largest Employers in Egypt

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Are you looking for the top ten largest employers in Egypt? If yes, check out this post to get the list and essential details about each company!

Top 10 Largest Employers in Egypt

Egypt is home to some of the largest companies in the Middle East. These companies offer products and services in different industries. So, without further ado, let us highlight the companies and their services. Read on!

1. Telecom Egypt

Telecom Egypt provides fixed-line, mobile, and data services. The company owns 45% of Vodafone Egypt’s shares; it obtained a 4G mobile license at the end of 2015 and began offering mobile services in 2016. In 2021, data revenue grew 30%, and infrastructure revenue grew 25%, and revenue grew 17% to $2 billion. The company is now 80% owned by the Egyptian government.

2. EFG Hermes Holding

EFG Hermes Holding is one of Egypt’s most reputable financial institutions and the Middle East. It has more than six thousand employees working in 13 countries, including Egypt, UAE, Kuwait, Saudi Arabia, and Pakistan. In addition, it acquired a 51% stake in the Arab Investment Bank in 2021.

3. Commercial International Bank

Commercial International Bank was founded in 1975 as a joint venture between the Chase Manhattan Bank and the National Bank of Egypt. Today, the bank employs 7,300 people and serves more than 1.7 million customers in 213 branches.

4. QNB ALAHLI

Qatar’s QNB Group acquired a majority stake in NSGB Bank and changed its name to QNB ALAHLI. The bank serves more than 1.5 million customers through a network of 230 branches and employs more than 6,990 people. It partnered with Instapay in March 2022 to launch an instant payment service that allows customers to transfer money between their accounts and those of other member banks.

5. Elsewedy Electric

Eighty years ago, the Elsvedi family founded Elsvedi Electric as a manufacturer and distributor of electrical components. Since then, the company has evolved into a global supplier of integrated infrastructure, energy, and digital solutions. The company has offices in Egypt, the Gulf States, Africa, Asia, Europe, the United States, New Zealand, and Australia.

6. GB Auto Group

GB Auto Group offers services in GB Capital and GB Ghabbour. These are the two primary entities in which this company provides services, but it has five subsidiaries, including Drive, GB Lease, Haram Tourism, Mashroey, and Tasaheel. The group has direct sales in various Middle Eastern countries, including Egypt and Iraq. It is a major shareholder of RG Investments.

7. Eastern Company

It is the only local cigarette manufacturer in Egypt, producing 70 billion cigarettes and selling nearly 67 billion cigarettes in 2021. Eastern Company signed an agreement with Al Mansour Distribution Company to manufacture the Evolve brand, an Imperial Tobacco Group product.

8. Orascom Construction

Founded over 72 years ago by the late Onsi Sawiris, father of the Arab world’s richest billionaire, Nassef Sawiris, Orascom Construction signed new contracts worth US$3 billion in the Middle East in 2021. Orascom Construction owns a 55% stake in the BESIX Group, with a portfolio that includes facilities management, construction materials, and equipment services.

9. Ezz Steel

Ezz Steel has an annual production capacity of seven million tons of finished steel products; in 2021, the company produced three million tons of long and four million tons of flat products. Sales increased 75% in 2021. Ahamed Ezz, the company’s founder, owns more than 60% of Ezz Steel.

10. Emaar Misr

Emaar Misr is one of the largest employers in Egypt. The company plans and constructs different projects in Egypt, particularly in the urban areas. The company has a strong affiliation with Emaar properties, owning an 88% stake. Moreover, its real estate investment reached a whopping $119.6 million in 2021, compared to $56 million in 2020.

Final Words

Egypt has a favorable business ecosystem, allowing businesspeople to start and run lucrative companies. We have listed the largest employers or companies in Egypt for your inspiration. Until Next Time!

  • Article based on personal opinion, experience and research.
  • Photos from Unsplash & canva.

Top 10 Tech Companies in Egypt

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What are the top ten tech companies in Egypt? What services do they offer? What makes them unique from others? Read Details in this Post!

Top 10 Tech Companies in Egypt

Egypt is a beautiful country with many tourist sites, attracting hundreds of thousands of people every month. However, the country also has a favorable environment for entrepreneurs and businesspeople, particularly in the technology sector. Today’s article will list the top ten tech companies in Egypt. Read on!

1. Mars Consultation

Mars Consultation is a reputable IT company in Egypt that offers managed IT services. The company has the talent, tools, and support businesses need to turn your technology into a trusted and valued asset. In addition, the company offers to outsource IT services to support enterprises to reduce costs and streamline IT-related operations.

2. Innovix Solutions

Innovix Solutions is software development, graphic design, and mobile application development company. It offers custom web design services and branding, including corporate ID design, logo, SEO, marketing, and advertising services. The company aims to improve your business’s online presence.

3. Flairs Tech

Flairs Tech is a global information technology and software service providing state-of-the-art solutions to customers throughout the Middle East. It has five offices in Egypt, Canada, and Poland. The company offers:

  • Software development
  • B2B and B2C support
  • Customer operations, including BPO
  • Customer success management
  • Innovative business solutions

4. ACUANIX

ACUANIX is a web and mobile development company with a team of professionals with years of experience. ACUANIX also offers data recovery solutions to businesses and security services to protect valuable data from hacks and online threats. Although ACUANIX is a relatively new company, it has quickly gained a reputation due to its quality services.

5. Pencil Designs

“Pencil Designs” is a reputable graphic design and branding company that aims to improve your online presence via logos and social media posts. The purpose is to create a great impression on your target audience. In addition to logo design, this company provides clients with brand reputation and management services.

6. Seven Dynamics

Seven Dynamics has a team of experienced and qualified professionals with expertise in web applications, mobile applications, and software development. It also offers FPI, EPR, and CRM development services for businesses to streamline their operations and generate higher investment returns.

7. WP Experts

WP Experts is a software development and technology service provider in Egypt. It has been in the tech industry for more than ten years and has a team of engineers, developers, designers, and analysts to develop state-of-the-art software applications. Moreover, WP Experts has more than 500 clients throughout the Middle East with 100% satisfaction rates.

8.    75Bit

75Bit is a technology service provider that delivers advanced solutions to streamline project management and improve customer experience. 75Bit follows an agile approach and helps companies develop a minimal viable product before launching the final product into the market. The company provides innovative solutions within your budget while focusing on your requirements.

9. Udjat Agency

Udjat Agency is a technology company that offers marketing services in Egypt and other countries in the Middle East. Restaurants, hotels, cafes, resorts, and other companies in the tourism and hospitality industries use Udjat marketing services.

In addition, Udjat Agency has a team of software and web developers who develop cutting-edge systems and mobile applications for startups and small businesses in various industries.

10. Blink22

Blink22 is a mobile and web development company. It develops innovative software and S.M.A.R.T mobile applications for businesses in different industries. Although Blink22 has a team of 50 technology experts, they have versatile skills to develop software, web, and mobile apps and build cloud-based systems with state-of-the-art encryption methods for businesses.

Final Words

Technology companies in Egypt offer unique services by launching and selling innovative products, particularly in the software industry, streamlining the country’s economy and making it a better place for entrepreneurs to start and run successful tech companies. Until Next Time!

  • Article based on personal opinion, experience, and research.
  • Photos from Unsplash & canva.