EITP
Egyptian Free Zones
 

 

- The real investment.
- The most favorable atmosphere for investing & producing.
- One of the world's most preferable & preferential free zones
.

Privileges, Incentives, Exemptions & Guarantees

Privileges
1.Freedom of selecting the investment activity.
2.Unrestricted nationality of capital; the investment law provides for the unrestricted participation of Egyptian, Arab and foreign capital in the establishment of projects in free zones.
3.Unlimited capital; the law sets no limitations on the size of capital invested in a project, enabling project founders to determine optimal project size according to desired capacity and output.
4.Freedom of legal formation; (individual project - partnership - joint stock - branch of foreign company….).
5.Freedom of repatriation of profits and invested capital.
6.Freedom of importation from the domestic or foreign markets, and such imports are exempted from import regulations applicable within the country.
7.Freedom of operation on behalf of other projects in order to utilize excess capacity available within industrial projects.
8.Freedom of pricing of goods and profit ceiling.
9.Providing foreign investors with residence and work permits.

Incentives & Exemptions: -
1- Capital assets are exempted from custom duties and all import procedures: all articles, supplies, machinery and necessary means of transport (except passenger cars).
2- Imports and exports are exempted from custom duties, sales taxes, other taxes and duties and all import procedures prevailing in Egypt.
3- Free zones projects and dividends earned are not subject to provisions of tax and duty laws prevailing in Egypt throughout the lifetime of the project.
4- Exemption from custom duties on domestic components in case of exporting goods to domestic and local markets.
5- Trade in transit goods with a fixed destination is exempted from the annual duty on the value of goods entering and leaving the free zone.
6- Exemption of imports from local market from sales tax.

 

Source : General Authority for Investment and Free Zones

Copyright © 1997-2004 E I T P. All rights reserved.

footer.jpg