EGYPT INVESTMENT ADVICE – EGYPT INVESTMENT PITFALLS AND OPPORTUNITIES
March 1st, 2006
BY PAUL COCHRANE, in Cairo
FOREIGN investment in Egypt is on the rise, spurred on by new legislation, deregulation and a pro-business Cabinet under Prime Minister Ahmed Nazif, although there are still plenty of pitfalls for the unwary and unprepared.
Indeed, the door has only recently opened wide to overseas investors, with Egypt in 1997 allowing foreign companies 100% ownership of Egyptian companies, the repatriation of dividends and tax exemptions. FDI then started to trickle into Egypt, in the energy and tourism sectors in particular, but it has only been in ...
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