Supporting Startups in Egypt
The General Authority for Investment and Free Zones (GAFI) is taking a significant step to support service-exporting startups in Egypt. For the first time, GAFI will host these startups within its free zones, offering them a range of benefits, including simplified procedures and full customs and tax exemptions.
Introduction to the Initiative
This announcement was made during the RiseUp Summit 2025, which was held under the theme "Empowering Startups: Supporting Government Policies." The summit featured senior representatives from Egypt’s economic and entrepreneurial ecosystem, including Rasha Abdel Aal, Head of the Egyptian Tax Authority, and Sherif El-Kilany, Deputy Minister of Finance for Tax Policies.
Benefits for Startups
GAFI will provide approximately 9,000 square meters of administrative and operational office space to startups. The initiative focuses on attracting companies that specialize in software exports and artificial intelligence applications. To create a supportive environment, GAFI will ensure that key auxiliary services, such as consulting, legal, and marketing firms, are available to improve startups’ chances of success and facilitate access to global markets.
GAFI’s Efforts to Support Entrepreneurship
GAFI has a long history of supporting entrepreneurship in Egypt. The Authority launched the Bedaya Entrepreneurship and SME Development Center 15 years ago and created Egypt Ventures in partnership with the Ministry of International Cooperation. Additionally, GAFI hosts the Permanent Unit for Entrepreneurship and Startups, which coordinates cross-sector collaboration and delivers comprehensive support to early-stage businesses.
Fast-Track System for Company Establishment
GAFI has also launched a fast-track system for company establishment, allowing entrepreneurs to register a single-member company electronically in just two hours. Founders will also benefit from premium services at Investor Services Centers at no additional cost.
International Expansion
International expansion is a key part of GAFI’s vision. The Authority is coordinating with the European Union, Saudi Arabia, and Morocco to support Egyptian startups entering these markets. This includes measures to prevent double taxation, overcome protectionist policies, and provide administrative and promotional support during initial market entry. GAFI also aims to attract foreign investment from these regions into Egypt’s startup landscape.
Legislative Developments
On the legislative front, a new law establishing and regulating Financial and Business Zones is set to be issued this year. The legislation will position Egypt as a regional hub for investment funds, particularly venture capital, enabling both local and foreign financing to flow more effectively into Egyptian startups.
Conclusion
In conclusion, GAFI’s initiative to support service-exporting startups is a significant step towards empowering entrepreneurship in Egypt. With its range of benefits, including simplified procedures and full customs and tax exemptions, GAFI is creating a supportive environment for startups to thrive. The Authority’s efforts to support international expansion and legislative developments will also help to attract foreign investment and position Egypt as a regional hub for investment funds. Overall, GAFI’s initiative is a positive development for Egypt’s startup ecosystem and is likely to have a significant impact on the country’s economic growth.
