Why invest in Egypt

Why invest in Egypt

• Fantastic location with coasts on the Red Sea and on the Mediterranean
• One third of the world’s monuments can be visited in Egypt, including the Pyramid and the Sphinx at Giza
• Warm and dry climate during the summer months
• Easily accessible, flights from UK to Egypt several times a day, Visa can be bought on arrival in Egypt with a UK passport.
• A country with a long tradition of welcoming European tourists
• Low cost of living in most areas
• Politically stable - President Mubarek has been President of Egypt for the past 26 years and was awarded an easy victory (88% of the votes) in the 2005 elections, thus remaining as President for another 6 years.
• Egypt is a favourite diving spot amongst divers from all around the world, with favourite spots tending to be Hurghada, Ras Muhammed and Sharm El-Sheikh
• Egypt has so much to offer European tourists with regards to culture and alternative lifestyles. Wander the souks sampling the multi-coloured spices and goods, experience the exotic cuisine, ride out into the desert on a Bedouin camel or simply lie back and relax near the pool or the sea in one of the luxury resorts along the coast.

• Egypt’s Gross Domestic Product increase % has more than doubled over the past three years achieving figures not seen since the late 1980’s
• In the same three years, FDI has increased more than eightfold and has diversified away from the petroleum sector, meaning Egypt is less dependent on the fluctuation of oil prices
• There is no Capital Gains tax
• UK Nationals who inherit real estate in Egypt from a direct relative do not have to pay inheritance tax
• No Stamp Duty tax
• No Wealth tax.
• Egypt’s Middle Class is growing and strengthening due to the rapidly growing economy which is a good indication of housing demand on the rise