- Country Guide
- Egypt
Egypt
Last Update by Katie, 20 Aug 2024
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Exchange Rate
18 Sep 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
- 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
Contract Format
Must be written in Arabic, bilingual Arabic to English translations are permitted. 3 copies must be made and given to employer, staff and social insurance office
Payroll Currency
EGP
Probation
Up to 3 months
Contract Period
No minimum duration
Termination
-
Voluntary resignation:
- 1 week notice, in writing -
Involuntary termination:
- Under 10 years' service: 2 months
- Over 10 years' service : 3 months
- Payment in Lieu can be given -
Severance:
- None due
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 |
Staff with 1 year service under 50 years old Staff with 10 years' service and those over 50 years old |
| Sick Leave | Up to 12 months every 3 years | All staff with 3 months' service |
| Maternity Leave | 3 months | All expectant mothers with 10 months' service |
| Casual Leave | 6 working days per year | All staff |
| Pilgrimage Leave | 30 days in one employment lifecycle | All staff with 5 years' service |
Reference
- https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=Egypt&country2=Morocco&city1=Cairo&city2=Marrakech&tracking=getDispatchComparison
- https://taxsummaries.pwc.com/egypt/individual/other-taxes
- https://www.mobilitycairo.com/en/tickets/choose-your-ticket/1-month-subscription/monthly-pass-public
- https://riad-riad.com/overview-of-the-egyptian-labor-law/
- https://www.indexmundi.com/facts/egypt/indicator/SH.MED.PHYS.ZS
- https://www.reuters.com/world/africa/egypts-president-sisi-raises-minimum-wage-by-50-6000-pounds-statement-2024-02-07/
- https://www.moss.gov.eg/ar-eg/Pages/advert-details.aspx?AdID=18
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Contact UsCountry Guide - Egypt
Last updated: 20 Aug 2024
Exchange Rate
Currency (EGP)
- 1 CNY = 0.185 EGP
- 1 USD = 1.32 EGP
Other currencies can be retrieved via the country guide link above.
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Labor Cost Calculator
To know the total employer cost for hiring a staff with certain salary, please go to our main site: https://marcopayroll.com
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
- 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
Fixed-Term
Used for specific tasks or projects and filling temporary roles
Probation
Up to 3 months
Termination
-
Voluntary resignation:
- 1 week notice, in writing -
For renewals:
- Employers give 3 months notice prior to the expiry date -
Severance:
- Terminations before contract expiry date: Employer's pay salary for the remainder of the term
Permanent
Probation
Up to 3 months
Termination
-
Voluntary resignation:
- 1 week notice, in writing -
Involuntary termination:
- Under 10 years' service: 2 months
- Over 10 years' service : 3 months
- Payment in Lieu can be given -
Severance:
- None due
Public Holiday
15 days
2024
| Date | Name |
|---|---|
2025
| Date | Name |
|---|---|
Leave
| Leave Type | Entitlement | Notes |
|---|---|---|
| Annual Leave |
21 working days 30 working days |
Staff with 1 year service under 50 years old Staff with 10 years' service and those over 50 years old |
| Sick Leave | Up to 12 months every 3 years | All staff with 3 months' service |
| Maternity Leave | 3 months | All expectant mothers with 10 months' service |
| Casual Leave | 6 working days per year | All staff |
| Pilgrimage Leave | 30 days in one employment lifecycle | All staff with 5 years' service |
Reference
- https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=Egypt&country2=Morocco&city1=Cairo&city2=Marrakech&tracking=getDispatchComparison
- https://taxsummaries.pwc.com/egypt/individual/other-taxes
- https://www.mobilitycairo.com/en/tickets/choose-your-ticket/1-month-subscription/monthly-pass-public
- https://riad-riad.com/overview-of-the-egyptian-labor-law/
- https://www.indexmundi.com/facts/egypt/indicator/SH.MED.PHYS.ZS
- https://www.reuters.com/world/africa/egypts-president-sisi-raises-minimum-wage-by-50-6000-pounds-statement-2024-02-07/
- https://www.moss.gov.eg/ar-eg/Pages/advert-details.aspx?AdID=18
Contact Info
-
Singapore (Headquarters)
8 Marina Boulevard, MBFC Tower 1, #11-01, Singapore, 018981
+65 6653 4334 -
China (Headquarters)
79 Jianguo Road, China Central Place Tower 2, #09-52, Beijing, 100025
+86 10 6580 0555 -
China (Service Center)
23 Dagong Street, Eton Place Tower 2, Unit 1808, Dalian, 116001
-
United States
445 S Figueroa St, 31st Floor, Los Angeles, California, 90071
-
United Kingdom
71 - 75 Shelton Street, London, England GB
-
Netherlands
Vijzelstraat 68, 1017 HL, Amsterdam
-
Australia
Level 22, Salesforce Tower, 180 George Street, Sydney, NSW 2000