Economic Factors of Egypt
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Economic Factors of Egypt
The economy in Egypt has never been stronger, with GDP at levels never seen before. During the last three years, while the country’s GDP risen from 3.1% to almost 7%
Egypt’s Gross Domestic Product has more than doubled over the past three years achieving figures not seen since the late 1980’s while Foreign Direct Investment has not only branched out into other areas of the economy rather than focusing on the petroleum sector, but has also increased by more than eight times it’s original value.
For UK Nationals, there are also several advantageous tax reasons to invest in Egypt. There is no Capital Gains tax, no Stamp Duty tax, no Wealth tax and real estate passed on to direct relatives through inheritance is exempt from inheritance tax.
Accompanying Egypt’s strongly growing economy is the Egyptian Middle Class which is growing and strengthening with unemployment slowly decreasing. During 2005 inflation fell sharply and for the first time in many years, real interest rates turned positive.
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