PM: Egypt's Economic Reforms Ensure Stable Tax System, Unrestricted Profit Repatriation

​Mostafa Madbouly, Egypt's Prime Minister (PM) confirmed that economic reforms in Egypt are proceeding alongside a stable and clear tax system. 

This system aims to support the private sector and enhance its ability for long-term planning and confident, stable operations, which will positively reflect on the country's investment climate.

​Speaking during his address at the Global Outsourcing Summit, Madbouly added that the results of the economic policies adopted by the state are now clear and tangible. 

Moreover, he noted that international institutions have praised the progress Egypt has made in recent years, and that global credit ratings show continuous improvement, reflecting international confidence in the Egyptian economy.

Furthermore, Madbouly stressed that the repatriation of profits and foreign currency flows face no restrictions in Egypt. 

In addition, he stated that this grants investors the flexibility and freedom that ensures an attractive and secure business environment. 

He also explained that these policies confirm that Egypt is not only a growing market with increasing growth rates, but also a promising investment destination that can be built upon to achieve long-term sustainable development.