General Authority for Investment
and Free Zones - GAFI

GAFI is Egypt’s “One-Stop Shop” for investment, easing the way for investors worldwide to take advantage of the opportunities of this promising emerging market.
Investment opportunities exist in various sectors of the Egyptian economy, particularly those oriented towards export. GAFI is the primary governmental authority concerned with regulating and facilitating investment in the country, and stands ready to assist investors. Services GAFI provides range from company registration to site location to partner identification to contracts and licenses acquisition. These services are provided at no cost to the investor.

Egypt offers many important advantages to private investment projects, domestic and foreign, in all activities:

Well-established and accessible ports on both the Mediterranean and Red seas, in addition to the Suez Canal and a network of airports, mean Egypt is fully integrated with the rest of the world

Acknowledgement and praise of Egypt’s economic performance from international organizations has made the country one of the most favorable locations for long-term investment

Availability of highly trained and skilled labor at competitive wage rates

An efficient banking system and a dynamic and growing stock market

Political and social stability

A thriving business environment and strong government support for private sector initiatives

Developed infrastructure and utilities, including comprehensive and integrated transportation and communication networks

Procurement on behalf of investors of all licenses required for project establishment and operation, e.g. notarization of deeds and residence and work permits

Assistance for investors in site selection and land acquisition – whether for agricultural, industrial or tourism-related activities

Certification of production commencement dates

Assistance for investors seeking to take full advantage of tax holidays granted according to location

Incentives and 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 zone projects and dividends earned are not subject to provisions of tax and duty laws prevailing in Egypt throughout the lifetime of the project

4- Domestic components exempt from custom duties for goods exported to domestic and local markets

5- Trade in transit goods with fixed destinations exempted from annual duties on the value of goods entering and leaving free zones

6- Local market imports exempt from sales tax

For more information, contact the Investor Services Sector:
Tel/Fax: (20-2) 391-0290
or the Current Awareness Unit:
Tel/Fax: (20-2) 393-1955
Tel: (20-2) 394-1134

E-mail:gafi-info@gafinet.net

 

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