Business accounts: Egypt
An honest assessment before work starts, the quote is fixed in writing.
We assess your chances against your profile, prepare the compliance file, help you present your source of funds properly and handle communication with the bank until it decides. The final decision always rests with the bank, and careful preparation improves the odds.
We quote the exact cost for this country after a short consultation: it depends on the bank and your residency. The quote is fixed in writing before work starts.
An Egyptian company and its taxes
The company account is opened for an Egyptian company registered with the General Authority for Investment and Free Zones, with a tax card and commercial registry entry. The bank checks founders, ultimate owners, contracts and source of capital, and the legal representative usually visits the branch in person.
| Tax | Rate 2026 |
|---|---|
| Personal income tax | 0-27.5% on a scale; the top rate from EGP 1.2 million a year, ~$23,300 |
| Corporate tax | 22.5% |
| Dividends | 10% |
| VAT | 14%, registration from EGP 500,000 turnover |
| Property sale | 2.5% of the price |
We will calculate online the cost of opening an account for your company and maintaining it for a year.
Why banks refuse
- No activity in Egypt and no local address.
- Money comes from sanctioned countries or through intermediaries without documents.
- Missing documents on owners and the representative.
More on our Egypt taxes page.
Staff and reporting
Social contributions are paid on salaries in Egypt: 11% withheld from the employee and 18.75% paid on top by the employer. VAT payers issue invoices through the state e-invoicing system, and the annual corporate tax return is filed with the tax authority.
What we do
- We register the company and obtain the tax card.
- We prepare the bank pack and support the representative's meeting.
- We register the company for VAT and set up e-invoicing.
What we do
- Corporate account - opening assistance
See also
Company formation · Personal account · Investment property · Country taxes · All country programs
FAQ
Can a foreigner open a company account in Egypt?
What does an Egyptian bank need from a new company?
Are there currency controls in Egypt?
Can a company hold a USD account in Egypt?
What is the corporate tax in Egypt?
From what turnover is VAT registration required in Egypt?
What contributions does an employer pay in Egypt?
What is the dividend tax in Egypt?
Where is a company registered in Egypt?
Are e-invoices required in Egypt?
Can a foreigner own 100% of a company in Egypt?
Is a legal representative needed in Egypt?
What income tax do employees pay in Egypt?
Why do Egyptian banks refuse companies?
What documents does an Egyptian bank need for a company account?
Which bank in Egypt suits your company?
We compare Egyptian banks on their rules for foreign companies and currency accounts, prepare the compliance documents and follow the application through. The catalogue covers every country.
The Murblz consultant replies straight away in the chat on this page. Describe your situation and we will work it out together.
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