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[QUOTE]Originally posted by Luxorlover: [QB] My first business in Luxor was aimed at local people not at tourists. The cost of its license was minimal the baksheesh to get the signatures on the license was huge, but I paid it otherwise the business would never have been allowed to open. I have friends who opened a hotel and the baksheesh there ran into hundreds of thousdands of Egyptian pounds. The tax inspector came to the premises and inspected the books. Tax was assessed on this basis and dealt with by the manager who was also half owner. The employees were registered and we paid 'insurance' on all of them. I believe the rule is that for every one European that the business employs then it has to employ six Egyptians. This was not a problem as all out employees were Egptian. For my present business, which is entirely internet based, the company is registered in the UK and our finances are assessed there in the usual way. Egypt is part of the international non-dual taxation group and the company brings money into Egypt. When we eventually open an office in Egypt then the company will have dual registration. [/QB][/QUOTE]
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