posted
Hi everyone, I need to know everything possible about laws, customs details and legal regulations to open a business (restaurant, entertainment activities or similar) in Sharm El Sheikh... if I'm not Egyptian. Is it difficult for Italian people to start such a work? Me and other italian friends would like to open a little italian restaurant there but we don't know anything about all the legal aspects (allowance, importation aspects and taxes...) Thanks to anyone will reply to me...
Posts: 38 | From: Italy | Registered: Jan 2004
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The way to find out, is through your commercial attaché /your Italian Embassy in Cairo. Just a phone call to your Embassy, and they will let you know/meet.
Also,
Maybe you could check with this Italian lady member, she has a lot of insight, and a lot of information through her experience in Sharm. http://libera_madani.blog.tiscali.it/
blau_frau@hotmail.it dani.l@libero.it
In boca a lupo! Monica
quote:Originally posted by Maruska: Hi everyone, I need to know everything possible about laws, customs details and legal regulations to open a business (restaurant, entertainment activities or similar) in Sharm El Sheikh... if I'm not Egyptian. Is it difficult for Italian people to start such a work? Me and other italian friends would like to open a little italian restaurant there but we don't know anything about all the legal aspects (allowance, importation aspects and taxes...) Thanks to anyone will reply to me...
[This message has been edited by Monica (edited 08 March 2004).]
posted
try either e-mailing or phoning these people and see what sort of guidelines they could provide.
Camera di Commercio Italiana per l'Egitto 33, Abdel Khalek Sarwat Street Garden City (Il Cairo) P.O Box 19 Tel. 0020/23922275 Telex 091-92938 CAMIT UN Fax 0020/2/3912503 E-mail: cci@idsc.gov.eg
posted
Tx a lot! I've just sent an e.mail to those addresses! I'm waiting a reply from them! Tx again! Maruska Posts: 38 | From: Italy | Registered: Jan 2004
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posted
The italian Embassy (the foreign trade office) replyed to me by saying that I've to talk with a lawyer... is it possible that nobody can give me more detailed information? I've heard that a local partner is required to start a business there.... is it true? Thank you!
quote:Originally posted by Maruska: Tx a lot! I've just sent an e.mail to those addresses! I'm waiting a reply from them! Tx again! Maruska
And the following list are their clients for references.
I see an Italian company at the bottom of the list.
- Atlas Contracting Company. - British Council in Cairo. - Egyptian American Bank. - First Choice in England. - Honorary legal advisor for the American Embassy. - Honorary legal advisor for the British Embassy. - Honorary legal advisor for the French Embassy. - Legal Counsellor of the Brazilian Embassy. - Groupe Marmara for tourism in France. - Movenpick Hotel Management Company in Egypt. - Tarot Tours Garranah. - Tunis Airlines.
- Viaggi Del Turchese in Italy.
quote:Originally posted by Maruska: Hi everyone, I need to know everything possible about laws, customs details and legal regulations to open a business (restaurant, entertainment activities or similar) in Sharm El Sheikh... if I'm not Egyptian. Is it difficult for Italian people to start such a work? Me and other italian friends would like to open a little italian restaurant there but we don't know anything about all the legal aspects (allowance, importation aspects and taxes...) Thanks to anyone will reply to me...
[This message has been edited by Monica (edited 10 March 2004).]
posted
It is not true that u need a local partner to start a business in Egypt. The following paragraphs are from a file that was produced by some italian entity about how to start a business in Egypt. if u think it is useful, then i can send it to u by mail since it is made of 24 pages and i can not paste them on this forum.
Società di persone In Egitto le società di persone non hanno personalità giuridica: possono essere costituite anche da stranieri, ma in ogni caso i soci rispondono solidalmente con i propri capitali delle obbligazioni della società. Non è richiesto un capitale minimo.
Società in nome collettivo E’ regolata dal Codice Generale del Commercio che non prevede né il numero minimo dei soci né l’ammontare del capitale. I soci rispondono solidalmente con i propri capitali per le obbligazioni sociali.
Con la Legge n. 98/1996 è stata emendata la Legge n. 34/1976 contenente le norme relative all’iscrizione delle imprese straniere nel Registro Commerciale e alle tasse da corrispondere per l’iscrizione nel registro stesso. A seguito dell’emendamento disposto con la Legge n.98/1996, le imprese straniere che vogliono intraprendere attività di esportazione di prodotti egiziani verso i mercati esteri sono ora equiparate alle imprese nazionali. L’iscrizione al Registro Commerciale egiziano è stata liberalizzata, così da consentire alle aziende straniere di procedere in tal senso al fine di svolgere le predette attività. Si tratta di una misura che conferma la volontà del governo di procedere ad una progressiva liberalizzazione dell’economia egiziana. Non rientrano in tale normativa le società create secondo la L. 230/89, la L.8/97 e quelle stabilite in zone franche, che possono però essere controllate comunque da un investitore straniero.
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