Managing your money
Investing in Egypt
Egypt - Money
The Egyptian government is keen to promote foreign investment. As you may recall, you can apply for a residence visa as a foreign investor.
The Egyptian financial market has developed into one of the Middle Easter and North Africa (MENA) region’s top performers. Several hundred companies trade on the Egyptian Stock Exchange (EGX), which is based in Cairo. Trading is regulated by the Egyptian Financial Supervisory Authority (EFSA). Investors may trade the full range of financial instruments, including equities, commodities and currencies.
Most major Egyptian banks feature investment banking arms. Numerous brokerages also operate throughout Egypt and a list is available on the Egyptian Exchange website.
Property has become an increasingly popular investment choice for many foreigners, especially in resort areas such as Sharm el-Sheikh and Hurghada (though foreigners do face certain ownership restrictions in these areas). Throughout most areas of Egypt, however, foreigners are allowed to buy land to both own and rent. For more information, check out our section on Property.
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