Important: • It is possible to take your money out of the country paying the capital gains tax that is maximum the 20%.

In Egypt there is free movement of capital.

• In Egypt the VAT does not exist. The buyer does not pay for taxes derived from the purchase. The notary fees depend on the area and the maximum amount is 140 € approximately.

• No inheritance tax in Egypt

• Natural persons pay tax at a rate of 2.5 % of the selling price on the sale of a property in Egypt.

• Tax on real estate property:  Nowadays 70€ but it shall be increased during the next year in the zone of the Red Sea, to 150 € approximately per year

• A real state company 100% at your name with the property at your Company name is also possible. (if the capital is minimum $35.000 at your name, you are able to ask a WorkPermit)

• If you own a property, you can easely ask for an official residence if you plan to live here. If not, and you decide to stay a little bit more, your 1 month entry visa can be easely renewed in Hurghada for more time  each time you need it (Non Working Visa)

• Note: the rate of inflation of the country maintains under the 4.5%. These data are very positive for those interested in Egypt as business opportunit.

• Rental income Tax on benefit (income less costs):

Particulars pay tax according to income level:

1 - from 5,000 LE – 20,000 LE - 10 %
2 - from 20,001 LE – 40,000 LE - 15 %
3 - over 40,000 LE - 20 %

Legal entities pay tax on benefit at a standard rate of 20 %

(Note: some informations can be change before actualisation on our website: ask us or your embassy about the last laws)

Prestige Red Sea Ltd. web site is provided on an "as is" and "as available" basis. Prestige Red Sea web site expressly disclaims all warranties of any kind, whether express, implied, or statutory including. We do not warranty that this web site or the materials are completely error free, are free from errors, other harmful components or will otherwise meet your needs.