In the aftermath of 2011’s internal political crisis and revolutionary uprising, Egypt was able to recover from its economic slump. The COVID-19 outbreak, however, caused the Egyptian GDP growth to fall from 5.6% to 3.6%, declared the Crédit Agricole Group. Still, Egypt was one of the few countries in the Africa – and the rest of the world – with a positive growth rate in 2020. According to the IMF‘s April 2021 forecast, GDP growth is projected to fall further to 2.5% in 2021 and recover to 5.7% in 2022, subject to a post-pandemic global economic recovery. The government’s swift and prudent policy response coupled with IMF support ensured that the Egyptian economy would not falter in times of need. In 2020, Egypt was ranking #114 in the World Bank’s Ease of Doing Business index (Sources: The Economist, Crédit Agricole Group, and IMF).
A trusted professional employment organization with in-depth knowledge of the Egyptian market, XML International provides you with end-to-end personalised solutions to recruit and manage remote team members for your activities in Cairo or any other city in Egypt, regardless of the size of your organisation or your industry.
Employees will be employed pursuant to local labour laws, and all required social security and taxation will be paid to the local Authorities.
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Egyptian Pound EGP
Minimum wage in Egypt is 2000 EGP per month
Maximum normal working hours are 8 hours per day.
Workers are entitled to 21 days per year of annual leave provided they have worked 6 months for the employer. Workers who have been employed for more than 10 years, are entitled to 30 days annual leave. Workers over the age of 50 are entitled to 30 days of annual leave.
In case of sickness workers are entitled to sick leave based on the report from concerned medical authority. According to Social Insurance Law, during the sick leave workers are entitles to their salary. Workers with proven record of sickness are entitled to a paid sick leave at the rate of 75% of their salary upon which social insurance payments are calculated; for a period of 90 days, to be increased to 85% for the following 90 days.
Women who have been contributing to social insurance to the past 10 months are entitled to a fully paid maternity leave of 3 months at 75% of their wages.
Paternity leave is not stipulated by the egyptian labour law
Two months if the worker’s uninterrupted period of service is less than ten years, and three months if that period exceeds ten years. However, an employer cannot dismiss a worker except in cases where the worker commits a serious offense.
Probation period in Egypt is up to 3 motnhs
The standard VAT rate is 14%.
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XML International, one of the best workforce solutions and employer of record services providers for Egypt, supports the set-up and the management of your international workforce for all your activities in Egypt. Our invaluable input consists of streamlining and handling for you the complete employment lifecycle of your teams in Egypt. We give you all the keys to handle you staff in Cairo or any city in Egypt. XML’s knowledge of Egypt labour laws, tax and social security system, and employment regulations allows you to tackle the challenges of local compliance in Egypt, navigate all the local complexities and avoid pitfalls.
Among our top priorities, compliance with Egyptian employment regulations and labour laws is number one. In addition to talent acquisition, recruitment services, and workforce management, we also ensure that our clients’ workforce management in Egypt is aligned with the Egyptian tax and social security rules and the latest immigration processes, including visas and work permits.
Here is the list of our core services supporting your activities in Egypt.
Take advantage of the targeted outsourcing solutions proposed by XML International for your expansion in Egypt or for your employees already based there. We offer a comprehensive series of bespoke and scalable outsourcing solutions specially designed for the Egyptian market.
They range from professional employer organization employment (PEO), employer of record, and contingent workforce employment services, to help you grow effortlessly and successfully in Egypt without any complications. We can also help you source, recruit, and onboard new team members locally, even if you don’t have an office in Egypt.
XML provides you with everything you need to start doing business in Egypt or to optimize your business if you are already operating there, leading to significant bottom-line savings and getting your business activities up and running in just days. Get in touch with the XML team to learn how we can boost your activities in Egypt in a cost-effective way.
Get started now and make the most of business in Egypt today!
XML has expertise and resources to meet your organization’s workforce needs wherever, and in whichever field these might be.