How much does it cost to start a company in Egypt? Is it worth it?

The Egyptian startup scene has seen a significant increase over the last couple years. According to Startup Egypt, there are currently around 1,500 companies operating in the country. This number is expected to double within the next two years.

In 2017 alone, the government invested $1.5 million into the startup ecosystem. As such, the costs associated with starting a new company in Egypt are relatively low. Startups should expect to pay between $10,000 and $50,000 for their initial setup.

If you’re thinking about starting your own business, here’s a look at what you can expect from the process:

How Much Does It Cost To Start A Company In Egypt?

Startup Egypt says that the average cost of setting up a company in Egypt ranges between $10,000 – $50,000. The lower end of this range comes from the cost of getting an official license, while the higher end includes legal fees but not licenses.

Startup Egypt also notes that the average time needed to get a company off the ground is 2-3 months. However, some companies take longer than others because they require more paperwork or need additional funding. Fundraising is the process of obtaining voluntary financial contributions for a particular project. 

What Can You Do With Your Business In Egypt?

According to Startup Egypt, most businesses in Egypt fall under one of three categories:

• Service-based businesses like restaurants, cleaning services, etc.

• Ecommerce businesses like online shopping malls, e-tailers, etc.

• Tech-related businesses like app development, software engineering, etc.

Which Of These 3 Categories Should I Choose?

This largely depends on your skill set and knowledge base. If you have no experience in these fields, then you may want to consider focusing on service-based businesses. On the other hand, if you have expertise in certain areas, then you might be better suited to work in tech-related businesses.

Where Can I Find Funding For My Business?

Startup Egypt estimates that the average amount of capital required to launch a startup in Egypt is between $250,000 – $750,000. This figure includes money spent on marketing, hiring staff, renting offices, buying equipment, etc.

However, the exact amount will depend on many factors including the type of business you plan to operate, how big you want to grow, and whether you’ll use external investors or raise funds through crowdfunding platforms.

Should I Hire An Employee Or Work From Home?

While working from home can save you money, it can also make things difficult when it comes to managing employees.

For example, if you hire someone full-time, you’ll need to provide them with benefits (health insurance, paid vacations, sick leave) as well as a salary.

On the other hand, if your employee works remotely, you won’t need to worry about paying benefits, taxes, or any other expenses related to employment.

You could also choose to hire freelancers instead of full-time employees. Freelance workers usually don’t receive benefits and must cover their own health care premiums and taxes.

How does the Information Technology Industry Development Agency (ITIAD) support innovation in the Egyptian IT sector?

The ITIAD was established in 2008 under the Ministry of Communications and Information Technology (MCIT), and its mission is to promote the development of information technology in Egypt. In addition to supporting research and development activities, the agency also provides grants to companies and organizations that want to develop new technologies or services.

To achieve its goals, the ITIAD has launched several initiatives, such as the National Center for Research and Development, the National Center for Software Engineering and the National Center for Telecommunication Studies. These centers provide training programs and workshops to improve the skills of local developers. The ITIAD also supports the establishment of incubators and accelerators, which are specialized facilities where startups can test their ideas before they launch them into the market.

In order to help entrepreneurs get started, the ITIAD organizes events like Startup Week, a three-day event that brings together more than 1,000 participants from all over the country. The week includes lectures and panel discussions on topics ranging from business strategy to entrepreneurship.

In 2012, the ITIAD joined forces with Plug and Play, a global organization that helps startups grow by providing access to capital, customers and partners. Together, they launched the first Egyptian Innovation Hub at the Cairo International Business School (CIBS). This facility offers free office space, mentoring, networking opportunities and other resources to startups.

Egyptian Startups:

Startup Weekend:

Startup Weekend is a global movement that encourages teams of people to form around a common idea and work together to build something innovative during a weekend. Teams compete against each other to come up with the best solution to a problem.

Startup Weekend Egypt:

Startup Weekend Egypt is a regional initiative that aims to bring together startup enthusiasts in Egypt. It takes place every year in different cities across the country.

Startup Weekend Cairo:

Startup Weekend Cairo is a regional initiative that brings together startup enthusiasts in Cairo. It takes place every month in different locations throughout the city.

Startup Weekend Alexandria:

Startup Weekend Alexandria is a regional initiative that takes place once a month in different locations throughout Alexandria.

Startup Weekend Suez:

Startup Weekend Suez is a regional initiative that take place once a month in various locations throughout Suez.

Startup Weekend Giza:

Startup Weekend Giza is a regional initiative that took place in Giza for the first time in January 2015.

Startup Weekend Damietta:

Startup Weekend Damettoa is a regional initiative that will take place in Damietta for the first time in February 2016.

The ITIAD is launching a new program aimed at helping young Egyptians become successful entrepreneurs. The program, called “Startup Weekend”, will be held for the first time this summer in Cairo, Alexandria and Suez.

The program was developed by the ITIAD in partnership with Plug and Play, an international organization that helps startups grow through access to capital, customers, and partners.

The Startup Weekend program consists of four days of intensive learning about entrepreneurship and innovation. Participants learn how to start a company, pitch their ideas to investors, and develop products or services. At the end of the program, teams present their projects to judges who select the winners.


PlugandPlay is a one-of-a-kind incubator, bringing together world-class entrepreneurs with top-tier investors and worldwide collaborators. Our entrepreneurs are world-class, and our businesses are hungry for expansion. Mentoring a PnPEgypt company in its early stages can be a worthwhile experience for these reasons.

TechWadi, a well-known non-profit in Silicon Valley, provides mentoring for PnPEgypt. PnPEgypt companies have access to dozens of advisers in Egypt, San Francisco, and across the world who are ready to assist them in their growth and expansion. Plug and Play Egypt supporters can join the TechWadi Mentoring Corps by filling out an application and mentioning their interest in PnPEgypt.

A few of the world’s most prominent firms and investors serve as mentors for our students. These people will serve as your mentors, business advisors, best friends, and lifelong mentors. You may find them a perfect resource of leadership or departmental expertise that can help your company expand faster.