Egypt

Last Update by Federico, 19 Dec 2024

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Exchange Rate

22 Jan 2025

 

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) 13,000
3 Bedrooms Rental (Outskirt) 9,350

Current Inflation Rate

25.50%

Wage

Minimum Wages

  • 6,000 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
 10,000
Mid-Level
5 Years
 18,000
Experienced & Managerial Level
10 Years
 30,000
Specialized & Senior-Level
15 Years
 45,000

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.
Minimum and maximum monthly salaries for social contributions are 2,000 EGP and 12,600 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

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

1.5 times normal rate of salary for up to 2 hours past regular working time
2 times normal rate of salary after 2 hours overtime and during rest days

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 Involuntary Termination Economic Layoff
Notice Period - Probation - 7 days to 2 weeks - 7 days to 2 weeks - 7 days to 2 weeks
Notice Period - Regular - 30 days - 30 days - 30 days
Severance Pay - No Severance - For each year of employment, the employee is entitled to one-third of their monthly salary - For each year of employment, the employee is entitled to one-third of their monthly salary

Public Holiday

15 days

Country Level

Date Name
07 Jan Coptic Christmas Day
25 Jan Revolution Day
31 Mar - 02 Apr End of Ramadan
21 Apr Sham El Nessim
25 Apr Sinai Liberation Day
01 May Labor Day
06 Jun - 09 Jun Eid al-Adha
27 Jun Muharram
30 Jun - 01 Jul Revolution Day Jun 30
23 Jul Revolution Day July 23
05 Sep Prophet Mohamed's Birthday
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

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