Personal 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.
A personal account in Egypt: taxes and residency
An Egyptian tax resident is someone with a permanent home in the country, owned or rented, or who spent more than 183 days in Egypt in 12 months. Income for work performed in Egypt is taxed from the first day, even if a foreign company pays.
| 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 a personal account and maintaining it for a year.
The account and Egyptian citizenship
Many open an account in connection with the citizenship by investment program: a treasury contribution from $250,000, property from $300,000 held for at least 5 years, or a $500,000 deposit with the Central Bank of Egypt returned after 3 years without interest in Egyptian pounds. More on our Egypt citizenship page.
What else matters
- Egypt has no inheritance or gift tax.
- Foreign income is taxed only if your centre of activity is in Egypt.
- Remote work from Egypt is not a relief: income for work performed in the country is taxed from the first day.
What we do
- We choose a bank and prepare source of funds documents.
- We calculate the tax effect of moving.
- We support the citizenship by investment program if it suits you.
What we do
- Personal account - opening assistance
See also
Company formation · Business account · Investment property · Country taxes · All country programs
FAQ
Can a foreigner open a bank account in Egypt?
Do I need residency for an Egyptian bank account?
Can I move money back out of Egypt?
Does Egypt exchange account data under CRS?
Who is an Egyptian tax resident?
What are the Egyptian citizenship by investment options?
Does Egypt have inheritance tax?
Is remote work from Egypt taxed?
From what income does Egypt's top tax rate apply?
Are dividends from Egyptian companies taxed?
Is the deposit under the Egyptian citizenship program returned?
What is VAT in Egypt?
Do you need to visit an Egyptian bank in person?
Opening a personal account in Egypt?
We choose an Egyptian bank that fits your status, explain the rules for foreign currency accounts and follow the opening to the bank's decision. Every country is in the searchable catalogue.
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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