Egypt
Financing a Business in Egypt
Recent forum posts
-
Varsity Maker
A Varsity Jacket is a timeless piece of outerwear that is both elegant and comfortable. Its traditional style includes contrasting sleeves, snap buttons, and a plush lining for added warmth. Varsity Jackets are ideal for students, athletes, and anybody who enjoys a sporty style. It may be worn for informal occasions, school days, or cold evenings. Many individuals customize it with patches or init
Total Posts: 1 Last post by michalej758
-
Best Assignment Help Australia for Subject-Specific Support
Finding reliable academic guidance is essential for students aiming to excel in competitive universities. Our best Assignment Help Australia service delivers subject-specific support tailored to diverse academic disciplines, including management, engineering, nursing, law, and information technology. With expert writers who understand Australian university standards, we ensure every assignment is
Total Posts: 1 Last post by alexwilson
Financing a Business in Egypt
With the United Arab Emirates keen to attract UK businesses to invest, the government set up the Emirates Industrial Bank, with the objective of developing the private sector for small and medium sized businesses. www.eib.ae
The organization offers the following incentives to investors:
- Arrangement of bill discounting with the commercial banks, reducing investment costs
- The provision of lease and hire purchase options from local finance companies
- The arrangement of finance for imports and exports through commercial banks for new business.
The commercial banks often still require a financial margin, which will vary according to the relationship with customers.
Free Zones
In addition to government financial assistance, UAE also offers attractive trading conditions and there are numerous free zones where the laws are relaxed or removed to encourage foreign investment. The trading benefits include:
- No foreign exchange controls
- No trade barriers or quotas
- Competitive import duties (4% with many exemptions)
- Competitive energy costs
- Competitive real estate costs
- Competitive financing costs and high levels of liquidity
- No taxes (except for oil companies and some foreign banks)
Private Finance
Although opening a bank account requires residency and may be more complicated than in Europe, the United Arab Emirates has a large banking presence and with the correct planning and preparation loans are available to new businesses. For more information, a good starting point is www.centralbank.ae
Click here to Ask an Expert about Financing a Business in Egypt