The establishment of Investor Service Center (ISC) was an important step towards providing services to all investors as per the provisions of Investment Law No. 72 of 2017. The Law sets a specific period of time for the completion of licenses, automating services, applying electronic incorporation procedures, and the competent authorities' adherence to consider electronic signatures and accept electronic payment for all its payments, which are necessary steps to eliminate bureaucracy and improve the investment climate.
Relying on the success achieved by the idea of establishing ISCs and the General Authority for Investment and Free Zones (GAFI) tendency towards consolidating the idea of decentralization, and in light of putting the plan of geographical expansion into effect by establishing ISCs in all governorates to facilitate procedures to investors and enhance the investment environment in the governorates, 14 ISCs have been established and inaugurated in various governorates.
Article (21) of Investment Law No. 72 of 2017 reads as follow: "In order to simplify and streamline investment procedures, an administrative unit entitled "Investor Service Center" (the "ISC") shall hereby be created at GAFI and branches thereof. ISC shall provide the following services: (i) company incorporation; (ii) establishment of company branches; (iii) ratification of minutes of meeting of boards of directors and of general meetings; (iv) capital increase; (v) change of business activity; (vi) liquidation proceedings; and (vii) other matters in connection with companies. ISC shall, as per the regulating laws, include the Appropriate Bodies Representatives, who shall be under GAFI's supervision during their presence at ISC, and shall comply with the rules and controls laid down by GAFI BoD on the regulation of the work of ISC".
According to the Central Bank of Egypt, the U.S. was the second largest source of foreign direct investment (FDI) inflows to Egypt during FY 2023/24, behind the UAE. American companies invested USD 3 billion, accounting for 5.3% of total FDI inflows to the country. American firms are active in most economic sectors in Egypt, primarily in oil and gas exploration and production, with Apache Corporation, Chevron Corporation, ExxonMobil, Halliburton, and IPR Energy Group operating in the market.As of the end of February 2025, U.S. non-petroleum capital stock totaled USD 2.5 billion injected in 2,016 businesses in Egypt. According to the General Authority for Investment and Free Zones (GAFI), American financial services enterprises held the largest share in value terms (38%) of the U.S. non-petroleum capital stock in Egypt, with AIG, American Express, BNY Mellon, Citi, Mastercard, MetLife, and Visa all active in the sector.Manufacturing is the second largest beneficiary of American investment, accounting for 35% of U.S. non-petroleum capital and 21% of the number of companies operating with U.S. capital in Egypt. Large U.S. manufacturers include 3M, Abbott, AbbVie, American Automotive, Bristol Myers Squibb, Cargill, Coca-Cola, Colgate-Palmolive, Dow Chemical Company, Energizer, General Electric, General Motors, Heinz, Honeywell, Hundz Soil, Johnson & Johnson, Kellogg’s, Mars Inc., Merck & Co., PepsiCo, Pfizer, Proctor & Gamble, Viatris, and Xerox.American companies operating within service sectors – such as commercial services (including online giants Amazon and Netflix), consultancies, healthcare, and education – contributed 16% of U.S. non-oil capital and accounted for 45% of companies. Cisco Systems, Hewlett Packard Enterprise, IBM, and Microsoft all operate in the telecommunications and IT sector, which accounted for around 2% of U.S. capital in Egypt and 16% of companies.The Egyptian fast-food market is dominated by U.S.-based franchises including Baskin Robbins, Burger King, Chili’s, Cinnabon, Cold Stone Creamery, Dunkin’, Hardee’s, Hard Rock Cafe, KFC, Krispy Kreme, McDonald’s, Pizza Hut, Starbucks, and TGI Fridays
Contact I love Egypt
info@iloveegypt.com
+1-407-733-7336
© 2025. All rights reserved.