Facts & Stats
- Capital City
Egyptian pound (£, EGP)
- Population size
- Ease of doing business
- Cost of living index
- Payroll frequency
- VAT - standard rate
- GDP - real growth rate
As the land of Pharaohs, deserts, mummies, pyramids, and one of the world’s most fascinating ancient civilisations, Egypt has long been a tourism hotspot.
The Arab Republic of Egypt has changed significantly over the last century, evolving into a modern economic powerhouse (the 2nd largest in Africa) with expansive growth across the petroleum, and agricultural industries.
Grow your team in Egypt with Remote
Looking to employ workers in Egypt? Companies hiring in Egypt must either own a legal entity in the country or work with a global employment solutions provider, usually one that provides employer of record services.
Remote can employ your team in Egypt on your behalf through our local legal entity in the country and handle payroll, benefits, taxes, and compliance for your Egypt team. You can also pay contractors now in Egypt with Remote.
Risks of misclassification
Egypt, like many other countries, treats self-employed individuals or contractors and full-time employees differently. Misclassification of contractors in Egypt may lead to fines and penalties for the offending company.
Employing in Egypt
The Egyptian Labor Law of 2003 spells out strong provisions for employee protections and workers’ rights designed to create an equitable environment for Egypt’s workforce of 29 million.
Employees in Egypt enjoy protections against discrimination based on age, religion, gender expression, and race.
Common questions that could come up during the hiring process include the minimum wage, overtime rates, and guaranteed paid time off. Remote can help you offer a complete, competitive, and compliant benefits package to your employees in Egypt.
Minimum wages are only specified for public sector employees and are currently pegged at LE 2,400 ($153.24) per month.
For customers of Remote, all employee payments will be made in equal monthly installments on or before the last working day of each calendar month, payable in arrears.
We can help you get a new employee started in Egypt fast. The minimum onboarding time we need is only 20 working days.
Our team ensures your employees are onboarded and paid as quickly as possible while keeping your business compliant with all local employment legislation. The minimum onboarding time begins after the employee submits all required information onto the Remote platform. The onboarding timeline is also dependent upon registration with local authorities.
For all non-nationals of the country of employment, the Right to Work assessment (if applicable) will add three extra days to the total time to onboard. There may be extra time required if we need to follow-up on the right to work assessment.
Please note, payroll cut-off dates can impact the actual first day of employment. Remote has a payroll cut-off date of the 10th of the month unless otherwise specified.
18 Public holidays
Competitive benefits package in Egypt
At Remote, we’re obsessed with helping you craft the best possible employee experience for your team. We are leading the way in practicing “fair equity,” which means making sure employees everywhere have access to both the required and supplemental benefits they need to thrive (and that will allow you to attract the best local talent).
Our benefits packages in Egypt are tailored to fulfill the local needs of your employees. Typically, our packages contain some or all of the following benefits:
Mental Health Support
Pension or 401(K)
Life and Disability Insurance
Taxes in Egypt
Learn how employment taxes and statutory fees affect your payroll and your employees’ paychecks in Egypt.
Old age, disability and life insurance (calculated on base monthly salary)
Health Insurance (calculated on base monthly salary)
Accident Insurance (calculated on base monthly salary)
Unemployment benefit contribution (calculated on base monthly salary)
Loss of income Insurance (calculated on base monthly salary)
Types of leave
Employees are entitled to 21 days of paid leave annually after spending six months working with an employer.
An employee contract can only be terminated if it runs past the full term, or if just cause is established (such as dishonesty, negligence, fraud, or any other work-related offences). Otherwise, an employee terminated unfairly will be entitled to compensation proportional to the tenure served.
Notice periods in Egypt depend on how long an employee has worked with an employer, ranging from two months for employees who’ve been employed for less than 10 years to three months for any tenure beyond that.
Severance payments are not obligatory under Egyptian labor law except in cases of unfair termination. If an employer terminates an indefinite contract without providing just cause, the employee is entitled to two months’ pay for every year worked.
For definite term contracts terminated unfairly before they’re due to expire, an employee is entitled to receive any remaining pay stipulated under the contract.
Probation periods can last up to three months.