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ARTICLE · 20 NOVEMBER 2024

Startups With Tax Incentives In Egypt

Andersen
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As Egypt embarks on a new era of economic reform, the government is implementing targeted efforts to boost the startup ecosystem, acknowledging the critical role these businesses play in job creation...

EgyptTax

As Egypt embarks on a new era of economic reform, the government is implementing targeted efforts to boost the startup ecosystem, acknowledging the critical role these businesses play in job creation, innovation, and GDP growth. By introducing a series of tax incentives, Egypt aims to foster a business-friendly environment for startups, positioning itself as a regional hub for entrepreneurship and investment.

Reduced Corporate Tax Rates for Startups

In January 2025, the government is expected to introduce reduced corporate tax rates specifically tailored for startups during their formative years. This measure seeks to ease financial pressures, encouraging businesses to reinvest in growth rather than focusing on tax obligations. Under the proposed structure, startups with annual revenues between EGP 1 million and EGP 2 million would benefit from a reduced tax rate of 0.5%, while those with revenues between EGP 10 million and EGP 15 million would qualify for a

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