Egypt

Currency Egyptian Pound
Payroll Frequency Pay date is by the 5th of the following month
Capital Cairo
Date Format dd/mm/yyyy
VAT 14% General

Employer of record Services
TopSource offers complete payroll, EOR and contractor management services for Egypt. TopSource provides Employer of Record services to global companies establishing a presence in Egypt that do not wish to be burdened with the complications of Egypt employment regulations.
TopSource serves as an outsourced Global Employment Solutions provider. We provide comprehensive employment services such as payroll, payroll related compliances, leave and attendance administration, HR management, and assistance with employer compliances.
If you have an established presence in Egypt, our payroll bureau services are available. But if you are seeking to avoid the complications of a subsidiary—or wish to establish a presence quickly an convert to a subsidiary later—our EOR service is ready to support you today.

Services we offer

Payroll Processing
• Payroll bureau solutions for your Egyptian entity
EOR
• Employment solutions/leasing • Providing documents associated with employment
• Employee on-boarding process and documentation • Monthly salary calculation
• Salary disbursement to employee’s account • Pay slip generation (If applicable)
• Employee statutory benefits administration and deduction
Supplementary services
• Foreign exchange and money transfer services for payment of employees and 3rd parties

Company formation in Egypt
We can help with company registration, company incorporation along with all the necessary documentation in Egypt. We can also assist foreign companies to smoothly setup a company anywhere in Egypt.

Statutory Compliances
We offer high-quality corporate statutory compliance services in Egypt. Our services meet highest standards and meet all your compliance requirements.

  • Minimum Wage

    Minimum wage in Egypt is 2,000 EGP per month.

  • Taxes
    Employer
    Social Security – for the fixed salary, capped at 1,670 EGP 26.00%
    Social Security (Variable) – capped at 4,040 EGP 24.00%
    Unemployment 1.00%
    Employee
    Social Security contribution on the fixed salary 14.00%
    Social security contribution on variables 11.00%
About Employment in Egypt

Working Hours

A full workday in Egypt is 8 hours.
Overtime is paid at the rate of an additional 35% of normal pay during daytime hours and 70% during night hours.

Other Leave

Work related injury leave: For temporary disability, 100% of the wage is paid from the first day of injury until the employer is cleared to return to work or is declared permanently disabled.

Maternity Leave

Female employees that have been contributing to social insurance to the past 10 months are entitled to up to 3 months’ maternity leave for each child up to three children and are entitled to 75% of the last salary.

Paternity Leave

If there are more than 50 employees in the company, the mother is entitled to 24 months of unpaid leave for each child.

Social Security

In Egypt, social security is comprised of pension, disability insurance, occupational accident insurance, sickness and injury insurance, unemployment, and social care for the elderly.

Unemployed persons will receive 75% of their wages for the first four weeks, 65% for the following four weeks, 55% for the third four weeks, and 45% for the rest of the period.

Those unemployed will receive benefits for 12 weeks if they have less than 36 months of contributions, or 28 weeks of benefits if they have more than 36 months of contributions.

Termination

When terminating an employee prior to the end of a contract it will generally be considered wrongful termination unless the dismissal is based on a “fundamental breach” of contract which is outlined as follows:
• Falsifying/forging identification
• Violation of safety instructions
• Absence of 20 or more non – consecutive days or 10 consecutive days in a year
• Disclosure of employer secrets that cause significant loss
• Competing with the employer in the same field of work
• Intoxication during work hours
• Physical altercations with the employer or other employees
• Professional incompetence
Termination of employment of an indefinite contact without a justified clause: Employer is obligated to pay compensation of no less than 2 month’s salary for each year that the employee served.
Notice Period- The length of the notice period depends on how long the employee has been in service:
Less than 10 years — 2 months
More than 10 years — 3 months
To learn more, contact us now.

Contact Sales

0203 6915303
contactus@topsource.co.uk

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