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Self employed/starting a business

Hi everyone,
I am looking for advice on permits, visas etc required for starting a business/ being self employed in Hurghada.
My husband and I already have a property there and will be getting a residents visa.
Also we are looking for a property with a garage for rent or to buy if anyone hears of one going on the market.
Thank you 馃槑
See also
there some website you can chech for renting oe bying like :

Thank you
1 member reacted to this post
you welcome
Hi everyone,

@ G-Abraxas, you will find some useful information here : Setting up a business in Egypt

All the best,
Bhavna
Hi,

To register a company in the A.R.E. you need an Egyptian citizen who will hol 51% of your shares. You also need an Egyptian Director. In order for you to obtain residence as shareholder / company owner you have to show that you are paying taxes (bitaqa Darabiyya) and your company is undertaking activities. Secondly, do not expect a long -term residence. All residence permits in Egypt are temporary.

Thirdly, being a shareholder, or company owner does not give you the right to work in Egypt. A foreign worker can be hired every 10 Egyptian employees and should聽 possess such academic qualifications to justify the hire. E.g. One academic degree and one professional qualification/license (all docs attested by your country of origin + Egyptian Embassy).

If you want a 100% foreign owned company, you will have to register your business entity in a Free Zone, such as Nasr City. Min. req. USD 50,000.

My advice is that you should have a very good reason to establish a business in Egypt, other than obtaining residence. If you own a property, you will be able to get 1 year touristic anyway.

Perhaps registering a company in your country of origin and trading online is a far better option.

Good luck