Posted: Wed 28 March, 2007

Investment & Capital Growth

• Egypt’s, stock market, which has been among the best performers is up 640% in U.S. dollars over the past three years. That’s due both to the stepped-up pace of economic reforms in the country and an influx of petrodollars from Gulf states awash in cash from higher oil prices.
• Year-on-year capital appreciation: 20-30 per cent
• Projected capital appreciation for 2006/7: Up to 25 per cent
• Well-established and accessible ports on both Mediterranean and Red Sea, in addition to the Suez Canal and airports make Egypt fully integrated with the rest of the world.
• Highly recognised and acknowledged economic performance by international organizations and community has made Egypt one of the most favourable locations for long-term investment.
• Availability of highly trained and skilled labour at competitive wage rates.
• An efficient banking system and a dynamic and growing stock market.
• Political and social stability, favourable business environment and strong support by the government to private sector initiatives.
• Developed infrastructure and utilities, comprehensive and integrated transportation and communication networks.

Taxation
·No VAT on buying properties in Egypt
·No capital gains tax-properties must be owned for a minimum of 5 years
·No wealth tax based on the value of the property
·No Inheritance tax for UK residents
·20% tax on income generated through rental
·Registering the property in the land registry is
 under 1.5% of the property value in sqm

Please note, that whilst we aim to ensure to the best of our ability that the information provided is correct, and up to date, no guarantees can be made to the correctness of the contents of this page. You should conduct your own independent research and consult qualified solicitors and accountants on specific matters.