Establishing a new business in Egypt takes just 7 days.
Establishing a new business in Egypt takes just 7 days.
- Egypt’s recent growth-oriented economic reforms have shortened the process of starting a new business. By comparison, it takes 11 days to start a business in neighboring Tunisia, 12 in Morocco and 34 in Kuwait.
- Other areas of reform include streamlining construction permit procedures, easier property registration, easier access to credit, protecting investors and increased trading across borders.
- Egypt has been among the top 10 global business reformers three times in the past four years, and was ranked as the top regional reformer for the year 2008 by the World Bank’s Doing Business report.
Source: Outlook Business