Renewable Energy Future and Investment Opportunities in Egypt | Doing business in Egypt

Doing Business in Egypt – Create a Company in Egypt

FathallaCPA – specialist in performing Companies in Egypt , we have super skills to cover you doing a reliable business in Egypt and middle east.
Our clientele are truly international; we work with national and multinational firms from all over the world, for instance, the UK, the Netherlands, Japan, Kuwait, Pakistan and Turkey.


Our Services
All Tax Services Auditing & Assurance, Accounting & Bookkeeping, Establishing all forms of companies, Legal services, Feasibility Studies, Zakat Services, Establishing financial & accounting system, Training Courses 

The Egyptian government is investing billions of dollars into new renewable energy projects in order to facilitate the development wind and solar power plants across the country.

Egypt has committed to increase its share of renewables in the country’s power mix to 20 per cent by 2022 and 37 per cent by 2035.
At present, the nation only sources around 3 per cent of its electricity generation from renewables.

Current renewable energy capacity in Egypt

Hydro

Hydroelectricity has played a role in electricity generation in Egypt for decades. Projects such as the Aswan Dam produce 15,300GWh a year, or roughly five to ten per cent of Egypt’s annual energy needs. As 85 per cent of Egypt’s hydropower potential has already been developed, this is not regarded as a premier growth sector and the Government’s focus has been directed more towards the wind and solar energy sectors.

Solar

Egypt is recognised as having vast potential for solar energy application, but the investment cost of solar power plants is currently very high in comparison with oil and gas fired power plants and it is envisaged that Egypt’s strategy for developing its renewable energy capacity will be mainly directed at the wind sector.

Wind

Egypt is recognised as having some of the world’s best wind resources, especially in the Gulf of Suez area, with significant additional potential along the east and west banks of the Nile. According to the Egypt Wind Energy Association, 700 square kilometers have been set aside for new wind projects in the Gebel el-Zayt area which has wind speeds of 11 meters a second.

Opportunities

In 2012, GOE approved the Egyptian Solar Plan, which includes adding 3.5 GW (2.8 GW CSP and 700 MW PV) of solar energy by 2027. The Ministry of Electricity and Renewable Energy signed seven memoranda of understanding worth USD 500 million for solar and wind projects in Egypt. GOE announced an interim target for the first regulatory period (2015-2017) to contract 4,300 MW of both solar and wind energy, and a feed-in tariff (FIT) which will allow Egypt to procure 4.3 GW of solar and wind power production by 2017. Its breakdown is as follows: 300 MW for small solar systems, 2,000 MW of medium- and large-size solar plants, 2,000 MW of medium- and large-size wind plants.
Egypt is also considering financing options to conduct feasibility studies for the following projects:

• Solar-thermal power plant using CSP technology for both electricity generation and water desalination. Solar-thermal power plant for industrial purposes.
• Designing a technical-financial mechanism to promote the use of solar water heaters in Egypt’s residential sector. Local manufacturing of renewable energy equipment.

If you have any questions about doing business in Egypt, you can visit www.fathalla-cpa.com or you can send an e-mail to info@fathalla-cpa.com.

Source : http://www.fathalla-cpa.com/renewable-energy-future-and-investment-opportunities-in-egypt/

Why To Invest In Egypt?

Doing Business in Egypt - Create a Company in Egypt 

As every investor is seeking a suitable environment to start his own business
Egypt has many advantages to be a good place to invest in especially nowadays.
That’s why:
A very large population  
Egypt is a very large population, it has more than 90 million as a total population.
It’s the one of most populous country in the Arab world and Africa
Geographically Strategic Location
Egypt’s Geographic Strategic location makes it one of the most advisable countries to invest in, that’s why it shares borders with many countries like sudan, isreal and lebya
And also it’s a perfect location for the worldwide shipping, because of suez canal as it’s the shortest way between east and west
Egyptian Economy
Egypt has a modern economy, it’s stable and democratic.
Dividends of growth is shared by all who participated in its achievement.
The Egyptian Economy’s resilience is capable of overcoming its economic challenges as it did in the 2008 financial crisis, and long-term investors will see many opportunities.
Competitive Tax Rates
As Egypt encourages invest, it provide big deductions for investors for many years
And also the top out tax rate is 22.5% only.
If you have any questions about doing business in Egypt, you can visit www.fathalla-cpa.com or you can send an e-mail to info@fathalla-cpa.com.

Source : http://www.fathalla-cpa.com/why-to-invest-in-egypt/

Fathalla CPA | Legal services | Doing Business in Egypt

Doing Business in Egypt

Legal services

An accounting audit is the process of examining a company’s entire financial situation,

with an emphasis on ensuring compliance with relevant reporting standards, and promoting adequate cash handling policies and internal controls. In most countries, regular audits by outside firms are required for publicly traded corporations.

In contrast, small businesses are typically not subject to as rigorous a set of reporting standards and controls and therefore are often not subject to mandatory audits.

#Doing_Business_in_Egypt   #Create_a_Company_in_Egypt

Fathalla CPA - Doing Business in Egypt – Create a Company in Egypt

Fathalla CPA ( Doing business in Egypt )

 

Doing Business in Egypt – Create a Company in Egypt

Fathalla CPA – specialist in performing Companies in Egypt , we have super skills to cover you doing a reliable business in Egypt and middle east.
Our clientele are truly international; we work with national and multinational firms from all over the world, for instance, the UK, the Netherlands, Japan, Kuwait, Pakistan and Turkey.


Our Services
All Tax Services Auditing & Assurance, Accounting & Bookkeeping, Establishing all forms of companies, Legal services, Feasibility Studies, Zakat Services, Establishing financial & accounting system, Training Courses

http://www.fathalla-cpa.com/ 
+201111114032
info@fathalla-cpa.com

Best Time To Invest In Egypt

Doing business in Egypt has so many advantages. Especially nowadays…
Now we can say that this is best time to invest in Egypt.
Here are the main reasons:
Geographically Strategic Location
Egypt's strategic geographical location makes it one of the most advisable countries to invest in, considering that it shares borders with the Gaza Strip and Israel to the northeast, Sudan to the south, and Libya to the West while also having water boundaries along the Mediterranean Sea and the Red Sea.
On the other hand, the Suez Canal, considered to be the shortest link between the east and the west, is under control of Egypt, which enables the country and consequently the investors to highly benefit from the line of trade in the region.
It is also important to bear in mind that according to official data, approximately 8% of the world's maritime shipping passes through the Suez Canal each year.
A Large and Young Population
With a total population of 93 million, Egypt is the most populous country in the Arab World today. It is also the third most densely populated country in the whole continent of Africa, following Nigeria and Ethiopia.
In Egypt, 56,71% of the total population comprises of young people which is another fundamental aspect that both domestic and international investors place great importance to.
Large Consumer Market
Egypt has become a significantly important consumer market in the MENA (The Middle East and North Africa) region after a great amount of global brands hit Egyptian market. Moreover, there has been a sharp hike in retail sales in the past years, partly due to the big population size supported by the fact that of Egypt in terms of population and partly due to the fact that over 56% of Egyptians are between the age 15 and 44.
Egypt has access to the world's ‘key markets' such as America and European Union countries as well as Middle Eastern and African countries through multilateral and bilateral trade agreements in a wide range of areas, ensuring benefits to Egyptian-based manufacturers.
Low-cost and Qualified Workforce
At about 28 million, Egypt's labor pool is the largest in the region. As the domestic demand for qualified labor force increased more and more in the past years along with the number of educated youth in pursuit of job opportunities, Egypt commenced a national industrial training program provided through world-class universities; completely wiping off the country's reputation as a "regional exporter of skilled labor".
Currently, the minimum wage in Egypt is 1200 EGP and the average monthly salary is about EUR 100.
Developed Infrastructure
Egypt has a world-class transport infrastructure with its ports and airport network, supporting both passenger transport and cargo traffic as well as its well-established railways and roads. The country has 15 commercial ports where export and import operations continue intensively and an Air Cargo Airport with three cargo terminals where textile, vegetable, and many industrial products are traded on a daily basis.
Today, Egypt's road network has reached to 108,784 km, railway network to 9,570 km and the number of the airports to 20.
Abundant in natural resources, Egypt effortlessly meets the needs of agricultural, industrial and mining activities, also providing competitive prices in power, water and gas.
Proximity to Global Markets
Egypt has the ability to access key global markets in Europe, the Middle East, Africa and the Indian Subcontinent. When compared to other major exporters such as India, China and the Philippines, Egypt's closer location to the European and North American markets provides a significant advantage to the country.
Egypt's location on key international logistics routes, one of them being the Suez Canal, saves in distance, time and operating costs for the vessels transitting through.
Government Policy for Foreign Companies
Egypt's recently adopted economic reform plan with the intention of fiscal sustainability and macroeconomic balance encourages investors by reducing economic risk. The main objectives of this bold and ambitious plan are increasing the tax base, streamlining spending on fuel and electricity subsidies, leveraging capital spending and allocating more resources to public services and social security.
Following the 25th revolution, an intensive three dimensional promotion strategy has been embraced by the Egyptian Government, which is based on business reform, investor care and FDI attraction.
A large number of countries have investment agreements with Egypt including Germany, the United Kingdom, Italy, Greece, Sweden, Switzerland, France, Belgium, the Netherlands, Luxembourg, Finland, Romania, Malaysia, Indonesia, Thailand, Singapore, Japan, China, Sudan and Morocco.
If you have any questions about doing business in Egypt, you can visit www.fathalla-cpa.comor you can send an e-mail to info@fathalla-cpa.com.

How to Plan Your Investments | Doing business in Egypt

Doing Business in Egypt – Create a Company in Egypt

Fathalla CPA – specialist in performing Companies in Egypt , we have super skills to cover you doing a reliable business in Egypt and middle east. 

Our clientele are truly international; we work with national and multinational firms from all over the world, for instance, the UK, the Netherlands, Japan, Kuwait, Pakistan and Turkey. 

Our Services 

All Tax Services Auditing & Assurance, Accounting & Bookkeeping, Establishing all forms of companies, Legal services, Feasibility Studies, Zakat Services, Establishing financial & accounting system, Training Courses 

+201111114032 

info@fathalla-cpa.com

Regardless of whether you are an individual or a corporate body preparing is of at generally significance. As arranging your speculations implies arranging your future monetary status and meeting unanticipated effortlessly and certainty it has progressed toward becoming life blood that makes your way of hardships a luxurious situation. Arranging your accounts include arranging your inflows and surges i.e., In short dealing with the whole stream of assets amid a specific course of time.

In this way, it is an unquestionable requirement for anybody to design your ventures well close by so; that your future will be protected and you can experience any issue effortlessly and comfort. A legitimate speculation arranging would make your budgetary trouble additionally an ecstasy as you generally have a surplus hold for various unexpected of life. The explanations behind monetary pain could be innumerable however the survival rate is higher and speedier for the individuals who are fiscally arranged when contrasted with the individuals who are most certainly not. For having a legitimate venture arranging you should take after few however customary strides which will spare you at the eleventh hour. Give us a chance to take a gander at few stages that you should take after to pad yourself monetarily and to get a tag of well speculation organizer.

• The as a matter of first importance venture in speculation arranging is to survey your wage. Asses every one of your inflows, which must incorporate any kind of long haul or yearly money inflows that you are anticipating.

• Once you surveyed your money inflows, the following significant stride is to set an objective that could be a particular angle that you might want to accomplish with the cash you will spare from this year onwards.

• Once you put forward your objectives and survey your inflows the subsequent stage is to design your reserve funds. The other way arranging your speculations. To design your speculations well you should comprehend what your hazard coefficient is and how much benefits you need to make out of your little ventures. To know this you should take a gander at assortment of budgetary and statistic and financial variables that influence you and your family's way of life.

• Once you are finished with the appraisal of your hazard coefficients and return desires the following huge jump is to set a speculation technique. Under this, you will pick among various speculation choices that are accessible to you in light of your hazard and overall revenues.

• Once you pick a bushel of speculation choices, run with the ones that are advantageous for you as far as time skyline, development period and profit edges thus for. Having a reasonable venture procedure would make you a decent speculation organizer as well as a supersaver to your own particular self and to your family on occasion of crises.

You should change your outpourings i.e., speculations according to your inflows and influence a save to meet vulnerabilities' and additionally to have an agreeable life amid retirement on the off chance that you are an individual and to have long haul sustenance on the off chance that you are a corporate element.

Financing Your Investments - Creative Ideas

For a long time, the best approach to fund land was to make a 20% up front installment, and get an advance for the staying 80%. Obviously you could make a higher initial installment, however 20% was ordinarily the base. Fortunately, this standard has changed. There are presently a few back choices accessible to the land speculator, including dealer financing.

Another mainstream approach to back your buy is to have a moment contract. The purchaser makes a 5% initial installment, and gets the staying 15%, as a rule at a higher financing cost, on an alternate advance.

Despite the fact that it's decent to contribute less on a property, the higher loan fee isn't the

just downside. Generally, if the purchaser does not meet the 20% least, they are required to get expensive private home loan protection (PMI).

For imaginative speculators, other financing sources exist. Makers of homes in arranged advancements are regularly ready to give financing to early purchasers.

Another hazardous and to some degree convoluted method for financing a property is called 'sub2', which remains for 'subject-to'. This kind of arrangement is the point at which the merchant gives you the deed to the property, the advance remains set up, however the purchaser never legitimately assumes control over the credit, only the installments. There are various forms of this sort of exchange. Due to the unpredictability and hazard, this strategy for financing an

speculation is not suggested for fledglings.

You can likewise consider shaping a restricted association (LP) to fund your land speculation. There are a wide range of courses of action for this technique. A few sorts include every individual in the association contributing in a bit of the cost,

generally half each. In any case, some of the time the benefit is dispersed in respect to the first sum contributed. Another game plan is that one portion of the association contributes the capital, and the other half gives the required administrations, for example, repairs on a home that should be settled. There are a wide range of varieties of

this technique.

Government credits are accessible to low salary speculators, or purchasers who have served in the military. These projects are normally accessible for main living places.

Did you ever consider purchasing a home on a charge card? This is another strategy for financing your land buy, despite the fact that it's normally not suggested. Clearly, the financing costs on most charge cards are significantly higher than advance rates. Another downside is that banks decide your reliability in light of your exceptional obligation, and in the event that you utilize Mastercard loans to cover the 5-20% initial installment that you require, you'll most likely get turned down for an advance.

Have you considered requesting that the dealer turned into your loan specialist? This technique has many advantages, for the most part greater adaptability in the structure and terms of the credit and in the FICO scores acknowledged. There are organizations who are in the matter of purchasing these private advances at a markdown.

Writer Bio: Phyllis Espinoza is an author for Note Buyers: http://www.notesbuyers.com. Note Buyers has been working with financial specialists for a long time, managing them through the way toward making the Note, and afterward buying it for money soon after. Adaptable payout plans are accessible, and notes are acquired on different sorts of properties, across the country.
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Fathalla CPA | Doing Business in Egypt 
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