Egypt

Last Update by Katie, 29 May 2024

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Exchange Rate

13 Jun 2024

 

Cost of Living

Indicative value for a working adult in a city: Cairo

Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff

Living Requirement Indicative Amount (EGP)
McDonalds Set Meal 200
Monthly Train and Bus Tickets 290
3 Bedrooms Rental (City Center) 13000
3 Bedrooms Rental (Outskirt) 9350

Current Inflation Rate

35.70%

Wage

Minimum Wages

  • Statutory minimum wage is 6000 EGP from March 2024.

Median Salary

Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.

Job Level Monthly Salary (EGP)
Entry-Level
Fresh Graduate
10000
Mid-Level
5 Years
18000
Experienced & Managerial Level
10 Years
30000
Specialized & Senior-Level
15 Years
45000

Annual Salary Growth

17%

Statutory Contribution

Employees who are employed for a period exceeding six months by private sector employers must be registered with the Social Insurance Authority.
Total base and ceiling monthly salaries for 2024 are 2000 EGP and 12600 EGP.

Country Level

Type Employer Rates Employee Rates Notes
Social Insurance 18.75% (21% for Managers / Board of Directors) 11% All staff

Other Benefit

Other common employment benefits in Egypt include:

  • Private Health Insurance for expats: Around 150$ per month
  • Car expenses contribution: Around 25% of the cost of fuel, insurance and expenses for maintenance

Income Tax

Residents

  • Individual income tax is imposed on the worldwide income.
    Social Insurance is deducted from personal income as well as Health insurance premiums and in-kind benefits.

Country Level

Taxable Income Rate
1 - 40,000 0%
40,000 - 55,000 `10%
55,000 - 70,000 15%
70,000 - 200,000 20%
200,000 - 400,000 22.5%
400,000 - 1,200,000 25%
+ 1,200,000 27.5%

Non-residents

  • Sam tax rates are imposed on the income of non-resident individuals for income earnt in Egypt.

Working Hours

Statutory

40 hours
8 hours a day, 5 days a week (48 hours / week maximum)

Typical practice

40 hours
Sunday to Thursday (weekend is Friday and Saturday)

Overtime

Day time hours: 35% more than original salary
Night time hours: 70% more than original salary

Employment Contract

Permanent

Probation

3 months.

Termination

  • Notice Periods:
    -Less than 10 years of service: 2 months' notice
    - More than 10 years: 3 months' notice

Public Holiday

15 days

Country Level

Date Name
07 Jan Orthodox Christmas Day
25 Jan Revolution Day 2011
05 Apr Coptic Easter
08 Apr Eid AI Fitr
15 Apr Sham el Nessim
25 Apr Sinai Liberation Day
01 May Labor Day
16 Jun Eid AI Adha
30 Jun 30 June Day
08 Jul Islamic New Year's Day
15 Sep Birth of the Prophet
06 Oct Armed Forces Day

Leave

Leave Type Entitlement Notes
Annual Leave 21 working days.
30 working days for employee with 10-year service and over 50 years old.
Only staff with 1 year service
Sick Leave 180 days All staff granted based on medical authority reports
Maternity Leave 90 days Expectant mothers with 10 months social security contributions
Casual Leave 6 working days (unpaid) All staff

Reference

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