Egypt - Country Commercial Guide
Egypt Market Challenges

Learn about barriers to market entry and local requirements, i.e., things to be aware of when entering the market for this country.

Last published date: 2019-10-13
Long-term monetary policy and fiscal reforms, including a broadening of the tax base and subsidy reform, are critical to overall economic stability. To improve the ease of doing business and increase foreign direct investment, the government has introduced significant reforms since 2016, including floating the local currency, introducing a VAT system, and implementing various laws related to investment, bankruptcy and capital markets,

Though Egypt is a signatory to international arbitration agreements, its courts do not always recognize foreign judgments. Resolution of commercial disputes is very slow, with the time to adjudicate a case to completion averaging three to five years. The government of Egypt continues to be reluctant to include international arbitration clauses in commercial contracts and agreements, with the exception of the Petroleum Ministry. Other obstacles to increased trade and investment include excessive bureaucracy, a shortage of skilled labor, limited access to credit, slow and cumbersome customs procedures, intellectual property issues, corruption, and non-tariff trade barriers.