Numerous foreigners are running a business of their own in the largest cities of Egypt. Many wealthy states are selling Egyptian produce: fruit and vegetables, textile, cotton, clothing, locally manufactured pharmaceuticals, vegetable oil and other produce. Many foreign-owned enterprises have started offering their services in Egypt as well. More and more partners are starting to work outside Egypt, importing products from Egypt into the CIS states, Russia and Ukraine—mostly food.
After the regular presidential elections, the international business growth forecast is still positive: Egypt is housing more and more foreign companies that work in a number of different areas. The main business areas of business in Egypt are as follows:
1) Real estate market – the fast-growing construction rates of residential and commercial buildings attracts more and more businesses. There’s a real ‘black market’ for organized crime groups that deal with real estate fraud.
2) Importing products from Egypt, imports from Egypt—a large business branch that exists for numerous years already and is still evolving. Egyptian produce is of an excellent quality, and, of course, many exporters are working on deliveries to the foreign countries nearby. However, import fraud is widespread as well in Egypt. Not only that, but some companies create ‘sub-par’ branches intentionally. These branches are for exporting lower quality produce, attempting to fetch a price above market value for second-rate goods.
3) Business in Egypt – creating and carrying forward commercial enterprises that focus on offering services to the local populace as well as foreigners in Egypt. A widely-treaded business area is of course tourism, which is still flourishing in Egypt at great rates. Mostly foreigners are engaged in such business activities. Even though it’s a very profitable area, a lot of dealing with the law is required, as well as abiding to all the rules of regulations—if that isn’t achieved, companies can be fined for hefty sums.
Because of our many years of experience in commercial court practice and jurisprudence we are offering our foreign clients services that help escaping a number of problems with Egyptian institutions.
Services for those importing from Egypt, freights from Egypt
If you are exporting merchandise from Egypt, we highly recommend hiring a legal company that supports your activities in Egypt. They will represent you in quality control institutions, forming paperwork required for exports as well as controlling and labeling the produce on the border. Pointedly, it’s important to note that no one will give you a 100% guarantee for a timely delivery of goods that are of the required quality. This is controlled by a contract that isn’t always fulfilled entirely. You need a tested & proven approach to choosing the exporter, checking the exporter’s work history, documents and the allowed exports. Only such actions can minimize risks and, as a consequence, loss of hefty sums of money in the future.
If you are already having a problem with an exporter from Egypt and you haven’t reached mutual terms for solving the problem, it’s best to approach specialists as soon as possible in order to get a full grasp of the situation. At the very least experts will help you decide on a course of action and minimize future risks. In case if this problem has obtained the character of bad mutual relations with exporters from Egypt, you would do well to arm yourself with documents that support your case and contact a team of lawyers experienced in export matters. Call us or write with a detailed description of your problem and we’ll analyze the situation, recommending future actions or helping you realize them.
Services for foreigners running or about to start a business in Egypt
If you are running or about to open a business in Egypt—doesn’t matter what your area of your business—you have to obtain legal assistance. It’s of foremost importance because if you encounter problems with paperwork, lawyers can help you through them on the spot. This helps escaping risks of documents that weren’t formed properly but have only been discovered as such much later.
If you have encountered problems with documents, the police or the law, contact our lawyers in Egypt in any way you prefer, arrange a meeting and a consultation. We’ll try our best to explain what course is best to take and help you solve the problem as well as possible.
Services for foreigners who want to buy, rent or construct commercial buildings
If your company is about to evolve to a size where constructing or buying an office of your own is mandatory, you need to know all the minute details of handing the property rights of the buildings or real estate to the company or its CEO. Cases of real estate fraud related to buildings and flats are encountered very frequently in Egypt. Each and every dealing with real estate brokers and construction companies has to be checked very thoroughly. The documents have to be officialized long before sealing the deal. Every business dealing has to be closed with lawyers presiding that represent the ordering party—otherwise there’s risk of the very simplest forms of real estate fraud that will waive your rights to a property in Egypt.
Before buying property or contracting a construction company contact our office or call us—we will lead a consultation with you or your representatives and explain in detail the suggested course of action and explain the things you should put your attention to most. We’ll help you with organizing the deal, obtaining necessary documents from both the seller and the client (that’s you).