Business investments 7 new free zones egypt

Egypt has recently established 7 new free zones, which offer a range of benefits and incentives to attract foreign investment and stimulate economic growth. Here are the 7 new free zones in Egypt:

1. Suez Canal Economic Zone (SCEZ): Located on the Mediterranean coast, SCEZ is one of the largest free zones in Egypt, covering an area of 460 km². It offers a range of benefits, including tax exemptions, customs duty exemptions, and simplified procedures for importing and exporting goods.
2. East Port Said Free Zone (EPFZ): Located on the Mediterranean coast, EPFZ is a 1,000 km² free zone that offers a range of benefits, including tax exemptions, customs duty exemptions, and simplified procedures for importing and exporting goods.
3. Alexandria Free Zone (AFZ): Located on the Mediterranean coast, AFZ is a 1,200 km² free zone that offers a range of benefits, including tax exemptions, customs duty exemptions, and simplified procedures for importing and exporting goods.
4. Sohag Free Zone (SFZ): Located in the Sohag governorate, SFZ is a 1,000 km² free zone that offers a range of benefits, including tax exemptions, customs duty exemptions, and simplified procedures for importing and exporting goods.
5. Aswan Free Zone (AFZ): Located in the Aswan governorate, AFZ is a 1,000 km² free zone that offers a range of benefits, including tax exemptions, customs duty exemptions, and simplified procedures for importing and exporting goods.
6. Port Said Free Zone (PSFZ): Located on the Mediterranean coast, PSFZ is a 1,000 km² free zone that offers a range of benefits, including tax exemptions, customs duty exemptions, and simplified procedures for importing and exporting goods.
7. El-Nasr Company for Intermediate Industries (ENCI): Located in the Suez governorate, ENCI is a 1,000 km² free zone that offers a range of benefits, including tax exemptions, customs duty exemptions, and simplified procedures for importing and exporting goods.

These free zones offer a range of benefits to investors, including:

• Tax exemptions: Investors in these free zones are exempt from paying taxes on their profits and dividends.
• Customs duty exemptions: Investors in these free zones are exempt from paying customs duties on imported goods.
• Simplified procedures: Investors in these free zones can benefit from simplified procedures for importing and exporting goods, including streamlined customs clearance and reduced bureaucratic hurdles.
• Infrastructure development: The Egyptian government has invested heavily in developing the infrastructure of these free zones, including roads, ports, and utilities.
• Skilled workforce: The free zones offer a skilled and trained workforce, with many employees having experience in industries such as manufacturing, logistics, and services.

Overall, these 7 new free zones in Egypt offer a range of benefits and incentives to attract foreign investment and stimulate economic growth in the country.