Before introducing this article, if you are interested in our core services which are expat financial, insurance and mortgages, you can contact me here. 

The best time to consider your financial situation is when you are moving to a new country.

Introduction

Egypt is a beautiful country with an ancient history covering over five thousand years. It has yet to be surpassed by any other country in the number of tourist visitors each year, making this country one of the most visited countries in the world.

The Giza pyramids, Luxor temple, and Alexandria library are some of Egypt’s biggest tourist attractions, but there are four UNESCO World Heritage Sites, putting Egypt on par with countries like France and China. Cairo, the capital of Egypt, is known as one of the most violent cities in the world, but that doesn’t mean it’s not worth visiting or living in.

When you first land at Cairo airport, you’ll literally be met by a swarm of people all asking you where you’re going and trying to get your taxi fare quoted before you even see the price on the meter. The first time it happened, I thought we had happened upon an organized mafia operation or that they were professionals at scamming foreigners into overpaying for taxis.

But, it turns out that was far from the truth. In Cairo, if you don’t look foreign, you’ll get quoted a lower price for everything. Whereas tourists will pay around 20 Egyptian pounds to cross a bridge, local Cairenes will only pay one pound on the same bridge. We took every opportunity we could to save some money during our time in the country, and that meant negotiating over just about everything.

Have you been craving to become a digital nomad in Egypt? If your answer sounds like a YES, you’ve landed on the right platform. Today, in this article, we will walk you through the ultimate guide to living in Egypt as an expat. We have compiled the benefits, best places to stay, and many others. Read further!

What to Know about Digital Nomad Life in Egypt

You’ve probably heard of digital nomads. They are entrepreneurs who have decided to embrace travel and not only that – they make their living while traveling around the world. They don’t have a fixed home address, instead opting for hotel rooms or AirBnb’s when they need to sleep.

I am one of these nomads, and I live in Egypt. Here are the things you should know if you want to get started with digital nomad life here:

It’s Not All about the Internet

Many people think of working from a cafe when they hear ‘digital nomad’ – and while that can be part of your day, it isn’t the only option. Many cafes are overpriced, and noise levels can make it difficult to work.

That’s why most digital nomads living in Egypt will rent an apartment with a good internet connection, but not necessarily much else – no kitchen, no clean water supply (they buy bottles of drinking water), and sometimes even no furniture.

Travel on a Budget

If you’re used to the western world, Egypt might come as a shock to your system. Even if you are used to very cheap countries, Egypt can significantly decrease your spending power because of the Egyptian Pound’s weakness against other currencies, which leads me to my next point.

Leave Your Western Lifestyle At Home

If you want to be a digital nomad, you will need to leave many of the conveniences and amenities that we take for granted back home. You won’t have debit/credit cards (you can get an Egyptian ATM card, though), clean drinking water, good roads, comfortable transport options, reliable electricity, and many others. Nowadays, you can’t even rely on Google Maps to work in Egypt.

Plan and Be Open-Minded

You will benefit from keeping your schedule flexible because Egyptian life is not very organized. You will also need to accept that many things won’t go the way you planned them (or even the way that anyone planned them). If you can’t accept this and still work effectively, you probably shouldn’t be considering digital nomad life in Egypt.

Be Social, But Not Too Social

In Cairo, you will have a great opportunity to meet people from all around the world. However, being social is one of the best ways to get into trouble in Egypt. If you get too friendly with Egyptian people, they can sometimes expect repayment (especially financially). You do not need to give them gifts/money/help, and the sooner you learn this better.

You Can Get By With Basic Arabic

While it would be great to speak the local language if you want to move out of resorts and tourist areas, it isn’t necessary. Many people living in Egypt as digital nomads have no more than a few key phrases in Arabic.

The best way to learn is through casual conversation with people who you meet during your daily life, then learning a more complex language when you want to start exploring the country a bit further.

Get Used To Power Cuts

The majority of Egypt has an unstable electric supply. Power cuts are often short but can also last up to six hours in some parts of the city. This can be inconvenient because it can make digital nomad work a little more difficult.

Meanwhile, the only time it is really annoying is if you’re trying to do something that requires constant power. As for charging your electronic devices, most cafes have sockets and will let you charge while you’re drinking coffee.

Work Out of Coffee Shops

There are three main problems with coffee shops that keep people away from them when trying to work. The first is that they can be incredibly noisy, which means you’ll have problems finding a seat in the cafe if it’s even open.

Another problem is that many cafes in Egypt don’t have fast internet connections, so working outside your apartment is not always an option. The final problem is the price of coffee – it’s usually very high compared to local standards, which can make work unaffordable for some digital nomads.

There Is No Single Digital Nomad Scene

Even though the digital nomad lifestyle has become very popular in Egypt, there is not a single hub where everyone hangs out. Many travels to Cairo every so often to work from Hub 64, but most stay away because of the high prices and noise levels.

Likewise, many nomads meet up for coffee or lunch, but there are no permanent places where someone can go to work on their laptop all day. You’ll have to do some searching to find the right places that suit your needs.

Don’t Think Of It as ‘Travel.’

Many people who live in Egypt for a year or two think of it as a lifestyle they would like to keep forever. It’s not uncommon to feel homesick and long for your friends and family throughout your time here, but the main point of the digital nomad life is that you can live and work from anywhere in the world. Therefore, if you want to make Egypt into a new home, what do you do?

You can try to transfer your visa, but it’s a long process involving lots of paperwork and guarantors. Because you’re staying in Egypt on a self-employed visa, your yearly income needs to be at least 3500 USD before the embassy considers letting you move from a tourist visa to a residency permit. You also need two guarantors in Egypt who share their income details with the embassy.

The other option is to get a job in Egypt rather than rely on remote work alone. Arabic is very different from English, but most jobs require good English skills (usually up to an intermediate level). Look for jobs in international companies or even embassies.

Requirements to Work in Egypt as a Foreigner

Are you thinking about working in Egypt? I bet you are! With over 100 million people, the country is full of opportunities. You just have to work out what they are. Egypt is a welcoming place for foreigners, and it’s actually pretty easy to find a job here. It can be a bit hectic with all the red tape involved in the process, but once you get through it, you’re in for a good time.

In this section, I’m going to be giving you the five most important requirements that you must-have for your application to succeed. If any of these are missing, your application goes straight into the trash bin. So if you want to work in Egypt as a foreigner, here’s what you need:

A Valid, Signed Work Contract

This is pretty standard across the board. You could be working in any country, and you would always need a signed work contract to present to your potential employer. It’s no different here. If you’re not applying to an international company, it might be difficult to find someone who speaks English, but just make sure they know exactly what they’re signing, and you’ll be fine.

A Legal Residency Permit

This is one of the most difficult requirements to receive, but it’s possible if you know where to look. You need to find an Egyptian person willing to hire a foreigner as an “assistant.” They then need to give you a letter on official letterhead stating that you are their assistant.

They need to state your duties, the length of time you’ve worked for them, and whether or not you get paid. This needs to be signed by two people – one person who knows you well (like a family member) and someone at either the police station or courthouse.

Once all these papers are ready, your potential employer needs to take you to the Egyptian district court and pay 50 pounds for a residency permit. It can also be very difficult if you’re trying to get this done on your own, but it’s possible.

A Valid Yellow Fever Vaccination Card

This is perhaps the most annoying requirement, but it’s also essential if you don’t want to get thrown into an Egyptian jail. You need a valid yellow fever vaccination card, or you will not be allowed into the country. Luckily, major international airports in Egypt offer free vaccinations before you board your plane.

A Clean Criminal Record

This might seem unfair, but the Egyptian government is very strict about this. They will not allow any criminal activity, no matter how small, to be committed by anyone on their soil – even visitors. Several different companies run background checks on foreigners looking for jobs in Egypt.

Therefore, it’s best to check first to see if they’re going to turn you down because of something trivial like getting a speeding ticket.

At Least 2 Years’ Worth of Work Experience

This might seem like the most difficult requirement, but you need at least two years of experience working in your industry. This varies depending on what kind of job you’re applying for, so if you want to be a doctor, then it would need to be two years’ worth of work as a doctor.

Make sure you have documentation and certificates that prove the length of time, or else your application is going straight into the trash can.

A Valid Passport, With At Least Six Months until Expiry

This is just your standard requirement for all countries you might be applying to work in. If your passport doesn’t have enough pages or it’s damaged or torn, then this could cause problems for you. Make sure you get a new passport before you arrive in Egypt, and this shouldn’t be an issue.

A Clean Bill Of Health from Your Doctor

In order to prove that you are healthy, many people try to get official medical certificates from their general practitioner or the hospital. The better option is just to do it yourself and take a standard five-panel drug test. This can be completed at any laboratory, hospital, or clinic, and it only costs around 40 pounds.

Jobs Available For Foreigners in Egypt

There are several jobs available for foreigners in Egypt that can be a great addition to any resume. If you’re already living in the country, it’s important to have a job lined up before moving here because Egypt is a place where people rely on family and friends.

So, there aren’t as many opportunities to find employment from strangers. Having a job is also important because it allows you to learn about Egyptian culture and the working environment. All of the following jobs are fairly easy to get, as long as you have a university degree.

Underwater Welding Engineer

Yes, this is really a job! Egyptians are constantly building new bridges and roads around the country because of all the construction to develop it. They need engineers who can weld things underwater, which requires experience. This is another great opportunity to learn more about Egyptian culture first-hand.

Graphic Design

The Egyptian government has lots of work to do when building information highways and modernizing things like transportation systems, which means lots of graphic design needs doing. There are great opportunities for foreigners with an eye for art who want to learn about the Egyptian’s way of life.

English Teacher

Of course, this is a good choice for many foreigners already living in Egypt. Many people want to learn English and cannot afford expensive lessons, so they often ask other expats who know how to speak it fluently if they can teach them. You’ll be helping out your Egyptian friends and saving some money on the side, which is always a good idea.

International Public Relations

The Egyptian government is very interested in learning about other countries and cultures beyond their own, so it’s no surprise that this job exists! If you know how to speak Arabic and are familiar with the different cultures in the Middle East, this would be an interesting opportunity for you.

Archaeologist

This is a super difficult job to get in Egypt, but it’s totally possible. The great thing about being an archaeologist here is that you have the opportunity to work at so many amazing locations, including Abu Simbel and Giza. You’ll need to be well-versed in Egyptian history and culture, though, so if you think you’re the right fit, get out there and start applying.

Tour Guide

There are lots of English-speaking tour guides here in Egypt who work with both Egyptians and foreigners, so this is another job that’s perfect for making new friends while learning about their culture. You’ll be expected to know all kinds of information about the different sites here.

Resume Writer

This job might not exist in your home country, but it’s actually very common here in Egypt! Since Egyptians are usually searching for jobs within their family or social circles, they need professional help when it comes to marketing themselves. You can also use the money you make from this position to start saving up for a trip worldwide.

Athletic Coach

Depending on your degree, you may be able to get a job as an athletic coach at some of the local schools and universities. This is another job that can really help you meet new friends and experience Egyptian culture first-hand. If you want to live in Egypt for any length of time, it’s important to meet people everywhere you go.

Wedding Planner

This is another job that’s pretty easy to find, especially if you have experience planning events in your home country. Weddings are a really big deal here in Egypt, so everyone wants their special day perfect. If you’re good at organizing events, this could be a great job for you. However, you need to be fluent in Arabic and know about Egyptian culture.

Bartender

This one’s pretty easy to come by since Egyptians love to drink! If you’re good at making drinks and interacting with lots of people at the same time, becoming a bartender is definitely an option here in Egypt. Another plus side is that your salary usually depends on how much you drink with each customer, so that means more cash for you.

3 Things to Know Before Working in Egypt

Working in Egypt isn’t just a time to take advantage of the great weather; check out the pyramids and network with other business professionals. In order to have a successful experience, it’s important to understand some key cultural differences you might encounter.

There are lots of cultural differences between working in America and working in a country belonging to the Arab world. When you are considering working in Egypt, UAE, KSA, or any other Arab nation, it is important to be aware of certain cultural differences.

The same rules do not apply when you are living here. So before you head to Egypt, make sure to check out these three things you should know about the culture.

1)    Business Cards Are Very Important

It is a good idea to have a business card printed up in Egyptian Arabic before you come here.   Egyptians emphasize the quality of your business card and do not usually accept a simple Google-translated version.

The best way to get a business card printed up or translated is to find an Egyptian who will do it for you. If you are getting an Arabic card printed up, make sure that your name is on the front of the card in both English and Arabic. This way, people know how to pronounce it, but it also makes it easier for them to remember your name. 

2)    Your Business Decorum Is Different

When doing business in the Arab world, you need to understand that it is very different from the American or European business style. The Western idea of being polite and following strict rules of etiquette are not important here. Egyptians are very relational people who will expect you to have a strong connection with them before you start talking business.

If you are trying to network with an Egyptian, they will expect you to talk about family and common interests before business.   If you try to jump right into the business part, it might be considered offensive.

3)    The Idea of Time Is Different Here

When doing business in the Middle East, it is important to understand that the idea of time is not concrete. This means it is good to show up 15 minutes late or an entire day late. It isn’t considered rude or inconsiderate, but rather a common thing here, especially if you are doing business in rural areas.

If you plan to work with Egyptians, it can be a good idea to show up early or right on time.   If you make them wait for you, it could cause the relationship to be strained.

Conclusion

Working in Egypt can be quite enjoyable. The working environment is friendly, the people are kind, and the pay is high. Of course, all of this comes with a few major caveats that might put some off. For example, you’ll need to supplement your income with an additional source of revenue if you want to live comfortably. For more information, follow our updates to know better.

Before introducing this article, if you are interested in our core services which are expat financial, insurance and mortgages, you can contact me here. 

The best time to consider your financial situation is when you are moving to a new country.

Introduction

In an age of globalization, more and more people are traveling outside their home country to pursue work. In countries such as China and Mexico, the economy is becoming increasingly stable due to a large number of foreign workers taking on low-skilled jobs. In Egypt, however, relatively few foreigners have been immigrating here for work purposes.

This article will briefly outline what opportunities are available in Egypt for foreign workers and the eligibility required to obtain one of them. Foreigners have always been welcome in Egypt, but they have traditionally come here as tourists or visiting family members.

It is only comparatively recently that foreigner has started coming here to work, particularly in the construction industry, which has boomed since the start of the Egyptian revolution. Despite relatively low unemployment in Egypt, there is still a significant demand for low-skilled workers and also some for higher-skilled work, particularly in the Oil and Gas industry.

The government has recently introduced stricter regulations regarding visas and other legal documentation needed for working in Egypt as a foreigner. This means that unless you work for a large company, you will probably need to hire an Egyptian lawyer to take care of your work visa. It can therefore prove difficult and costly for smaller companies to bring foreign workers into the country.

There are various visas available for foreigners who wish to work in Egypt, all of which require different levels of qualification, skills, and experience. It is important to note that certain qualifications are only valid in the country where the qualification was obtained. So, it may be necessary to get additional foreign qualifications evaluated by an Egyptian authority. The categories of visas are as follows:

Work Visa

The work visa allows a foreigner to work for one specific company in Egypt. A contract must be signed between the employer and the government specifying what type of work is to be done and for how long. In order to obtain a work visa, you must have a university degree from your home country or one that has been obtained in Egypt.

Self-Employment Visa

The self-employment visa allows foreigners who have the financial means to set up an Egyptian company, into which they can then hire their own employees. However, being self-employed in Egypt is extremely difficult due to strict regulations regarding obtaining business licenses. One of the most difficult tasks for a newly arrived foreigner is finding someone with the right connections to get them started in this regard.

Residence Visa

The residence visa is available for foreigners who have temporarily left their country of domicile and need to reside in Egypt for a certain period of time. For example, you may need a residence visa if you are looking to invest large amounts of money into the Egyptian economy.

In fact, a huge percentage of foreigners who have been issued residency visas have been granted them by presidential decree following a special request from specific individuals with powerful connections.

Benefits of Working in Egypt as a Foreigner

Having lived in both Egypt and the UK, I’ve found many differences between these two cultures. Many of which are quite surprising, not least of all being understandings of time management.

For instance, when you say to somebody in Egypt that ‘you’ll be there at 8’, they may actually turn up on the dot – whereas saying this to somebody in the UK would be a guarantee that they’d arrive at least an hour late. Holidays, too, work in a very different way.

Public holidays in Egypt come thick and fast – you can generally expect a holiday almost every other week (4-5 days on average). Whereas public holidays in the UK are more spread out, so you won’t get nearly as many. If you are looking for an experience outside of the mainstream, look no further! Here are some reasons why working in Egypt may change your life needs.

1.    Egyptians Are Very Accommodating

So you’re a foreigner, and that means something here in Egypt – it’s an opportunity! Egyptians generally see foreigners as people to take care of and pamper like any other family or loved one. They want you to feel welcome and at home; the hospitality industry is the biggest in the world, so there’s no shortage of places to stay.

2.    No Need to Speak Arabic

Speaking the local language isn’t always necessary, especially with the abundance of foreign workers in Egypt. You can always find someone who speaks English (and will even be eager to practice their English with you). It’s also possible that many Egyptians know how to speak some words or phrases of your home language if you’d like to learn some Arabic.

3.    Incredible Food

Let’s face it! You’re going to need a good reason to step away from the usual fast-food and restaurant fare that you have at home. This is where Egyptian cuisine truly shines, with a wide variety of foods prepared in ways you never imagined possible! The best part? You can find pretty much any cuisine here, from Chinese to Mexican.

4.    The Weather Is Great\

Surprisingly enough, winters in Cairo are quite bearable. The temperature rarely drops below 5 degrees Celsius, so you can wear jeans and a t-shirt to keep comfortable. Summers are generally fine, too, reaching the height of 30 degrees Celsius, but this is compensated by how cheerful everyone becomes during Eid al-Adha (the festival of sacrifice).

5.    Lower Cost Of Living than Most Places

For starters, for Westerners, the cost of living is much lower than it would be in their home country. Not only is rent cheap, but food, entertainment, and other essential costs are low by comparison. The result is that you can afford to live a very comfortable life here on much less than what it would take in the West and North America.

6.    Lower Taxes

If you move to Cairo, you’ll find that many of your taxes are already paid for. For example, with the company I work for, we pay for work permits and visas (for our employees), health insurance (for everyone), internet service at our office, and gas & electricity within the building complex. In fact, most foreigners working in Egypt don’t even pay rent.

7.    Lots of Free Food and Other Benefits

Whether you’re working for a big or small company, it’s often standard practice to receive free lunch. The caterers we use (and many others as well) provide us with full meals during the day. Most coworking spaces also give employees free coffee, soda, juices, & bottled water. Even if you’re not getting free food, you can often get discounts on items in your home country.

Before introducing this article, if you are interested in our core services which are expat financial, insurance, and mortgages, you can contact me here. 

The best time to consider your financial situation is when you are moving to a new country.

Introduction

When considering a move to a new city, there is nothing more useful than hearing real-life stories or has someone that’d guide you through. Egypt is fairly easy to get to; however, knowing a little more about the country and the retirement process before you arrive will make moving to Egypt even more effortless.

Just as we’ve mentioned in our previous articles about living in Egypt expat guide, there are many things to consider. As expats, we understand what you need, and that’s why we offer the essential services. Expats moving to retire in Egypt will generally be heading to Cairo, but do you think that’s the best decision?

Well, there are many places where you can retire as an expat. As with many countries, the easiest way to relocate is with the help of a specialist agency. However, it is possible to arrange your retirement process yourself with a little bit of determination and know-how. Does that sound interesting to you?

Of course, if you’ve been surfing the internet to get the right information about retiring in Egypt as an expat, look no further as we’ve got you covered. Covering an area of more than 100,000 square kilometers and an estimated population of over 88 million, the benefits of moving to this country cannot be overemphasized.

In this article, we will walk you through the process of retiring in Egypt. Not only that, but we have compiled this article to explain the benefits of retiring in the country. Aside from this fact, you’ll understand the best cities to retire in Egypt as an expat. Are you ready to check what we’ve unleashed for you? If you answered YES! Read further to get a glimpse of what we’re saying.

10 Ways to Prepare for Retirement

Before we dive into the core concept of what we have today, our expat teams have something new. And surprisingly, they’ve decided to prepare the ten ways to prepare for your upcoming retirement in any chosen destination. Besides, embracing these ways could help you approach your planned retirement.

1.    Ensure You’re Investing in Growth

One of the first things you need to consider is to ensure that you’re investing in growth. Diversifying your portfolio can be tempting to shy away from stocks to reduce risk. However, it’s one thing to put in place when planning to retire in any chosen destination.

If possible, consider maintaining a sound mix of stocks, mutual funds, bonds, and other assets that fits your risk tolerance, liquidity needs, and investment time horizon. In a nutshell, examine your income sources well to know what to do.

2.    Take full Advantage of Retirement Accounts

Before retiring in Egypt, make sure that you might have done a critical evaluation on what to expect as an expat. Not only that, but evaluate your budget and your retirement. That way, you’ll be able to take full advantage of your retirement accounts, especially catch-up contributions.

In fact, as you near retirement, consider account consolidation, including combining IRAS of the same type with one institution. This might, in the long run, simplify your investment management and provide a clearer picture of your total retirement assets. Also, make sure that you weigh the pros and cons of the country you’re moving to before planning your trip.

3.    Calculate Your Likely Retirement Budget

Calculating your likely retirement budget in Egypt is the best thing to do. Estimate your predictable income from sources such as Social Security and employer pensions. The rest of your retirement funds likely will need to come from your wages, savings and investment accounts, and any wages earned during your retirement. Do you think you can still make wages in Egypt during your retirement?

4.    Estimate Your Retirement Expenses

Before you travel to Egypt, ensure you estimate your retirement expenses. Moreover, what you spend will depend on how you live during retirement. So, if you expect to travel widely, for example, your projected cost might even be higher than they are now, while you’re still working. This means, estimating your budget and understanding the life you’ll live in Egypt go a long way to help you.

5.    Consider Future Medical Cost to Expat

Although Egypt has one of the best healthcare facilities, but you still need to consider the medical cost. In fact, it would be better to understand whether the healthcare is free for expats or you need to go through some processes to get the full medical packages in the country.

Also, if you retire at 65 or older, Medicare will cover most of your routine healthcare costs, but you may want to consider supplementary coverage to help pay for your non-routine healthcare expenses, which are likely to rise as you get older.

6.    Plan Where You’ll Live

Where you’ll live is another thing to take into consideration. And that’s why we will walk you through the best places to retire in Egypt as an expat. For example, if you sell your house in an expensive location and move to a condo in a low-tax state, your expenses could decline sharply, perhaps freeing income to pay for other priorities. This way, you may also consider staying in your town or city, but moving to a smaller home would be financially manageable.

7.    It’s Never Too Late to Plan

When your planned retirement date is a decade away, it can seem like a distant event. However, it’s essential to plan carefully and set realistic goals so that time is on your side and can help you have the means to enjoy the sort of retirement you have always dreamed of.  Even if you started saving and investing for retirement late or have yet to begin, it’s essential to know that you’re not alone to increase your retirement savings.

8.    Set a Goal and Stick to them

It’s better to start early, set goals, and stick to them. Meanwhile, consider basic investment principles and make an important decision on the budget you’re planning to make during your stay in the country. On the other hand, talk to your employer, financial adviser, bank, and union for further information.

9.    Ask Plenty of Questions

As an expat moving to Egypt for the first time, utilizing the frequently asked questions about retirements could help you through the process. Always seek more information, and the more information you have about life after retirement, the better prepared you will. With that being said, this should be taken into consideration.

10. Understand the Right Time

Your current age is with you need to put into consideration. And the longer the time between today and retirement, the higher the level of risk your portfolio can withstand. In addition, always know the right time to visit the country to better your relocation package as an expat in the country.

Best Places to Retire in Egypt in 2021

 In recent times, Cairo has always been the centralized, most sought-after city to live in Egypt. The charm of Cairo, the ease of obtaining service, the sound educational system are some of the reasons for internal migration to the capital city and neighboring Giza. Without further ado, below are the best places in Egypt.

Alexandria

Alexandria is one of the best places that fit your retirement in Egypt. Aside from the stunning view of the Mediterranean and the city’s beauty, this place is rich in services, amenities and has branches of consulates, significant institutions, and multinational companies.  Moreover, this metropolitan city is well-known for its ancient streets. And harboring Alexandria’s seaport also makes it easier to obtain goods.

Hurghada

This is another coastal city suitable for a comfortable and enjoyable retirement lifestyle. Aside from this fact, job opportunities are available, within limits. However, all services and amenities are within reach. Meanwhile, the recreational hotspot has schools and significant multinational companies specializing in properties and oil. Also, the distance from Cairo could render the city alienating and stunning.

Mansoura

This is another city with a rich history located in the middle of the Nile Delta region. Nonetheless, the populous city is practical to live and work in. In a nutshell, major services and recreational social and sports clubs are readily available. So, this is a great time to enjoy your retirement lifestyle in Egypt.

Towards the west of the city and closer to the Nile view, Mansoura boasts some of the most expensive pieces of land in Egypt. And for this reason, you’ll enjoy your retirement. Al Mashaya, which lies across from Mansoura University, is famous for its high-end way of living as well as the administrative buildings.

Luxor

Although this city was named World Tourism Capital of 2016, but it’s apt for building a life away from the city’s chaotic routine. It might not be the most equipped to deal with all sorts of professions, yet working remotely or building a startup as a retiree in this city can pay quite well. In addition, Luxor is an hour a half drive from Qena, where most services can be obtained, from education to the healthcare system.

Aswan

Once the ancient town of Swenett, Aswan was historically the southern outpost of the Egyptian lands. This city sits on the Nile, the river that has been the lifeblood of Egypt for thousands of years and is the final stop of culture trips. With that being said, you should consider moving to this city as an expat.

Faiyum       

Faiyum has been inhabited since Pharaonic times, and the town is full of traditional souks and different sites, including the hanging Mosque, Qaitbay Mosque, and many others, to mention a few. One of the main reasons this place is suitable is because; it’s a site of discovering hundreds of fossils belonging to early forms of whales. Aside from this fact, expats will enjoy beautiful ancient heritage while retiring in this country.

Expat Visa Requirements to Egypt

Egypt’s growing economy makes it a famous country for skilled workers. While there are a number of business opportunities available in this country, expats still find it easy to relocate. Although the country may be well known for its pyramids and the sphinx but it also has a growing economy and healthcare facilities suitable for retirees. Without further ado, let’s quickly walk you through the visa requirements.

Work Visa in Egypt

Even if you’re retiring as an expat, it’s crucial to understand the work visa requirements. Sometimes, your siblings may decide to work in the country; this way, the benefits of understanding how it works cannot be overemphasized. It is granted by the Ministry of Manpower in Egypt, but it’s always good to be applied by the expat employers in the country.

In addition to this fact, a work visa is usually granted for a period of one year. Although it may be extended for a maximum duration of 5 years but it cannot be considered as a way to permanent residency in the country.

Documents Required for Work Visa

• A valid passport, certificates of experience, and copy of university degree
• Copy of a job offer letter and copy of birth and marriage certificates
• The company employing the expat will provide company registration documents
• You must submit a copy of your recent passport photograph and the result of medical tests

Tourist Visas in Egypt

The tourist visa in Egypt is valid for up to 30 days after issuance. Meanwhile, nationals of certain countries do not require a tourist visa when traveling to the country. You may do the registration online while you check their local Egyptian embassy or consulate for the most up-to-date information about the tourist visa in this country.

Residence Permit in Egypt

Expats planning to retire in Egypt will definitely need to get a residence permit. While the process could be a long and arduous one, you’ll understand the benefits of having this visa package in the long run. More so, it has extensive documentation, so we advise you to go through research to know it better.

Egypt Transit Visa

The transit time and your nationality will determine whether you need a transit or not. Also, those in possession of an onward ticket from the airport may be able to transit for a maximum period of 48 hours without using the transit visa. Meanwhile, research made it known that countries like Afghanistan, Lebanon, Palestine, and more can not leave their transit area while changing flights.

Retirement/Investment and Budgeting Tips

Expats moving to Egypt are increasingly seeking new ways to boost their income and portfolio. With 30 percent of those who invest in Egyptian stocks being between the age of 21 and 40, you can definitely find a way out as a retiree. In not much time, here are the ten tips on how to start budgeting and retirement in Egypt.

Define Your Goals

Setting your goals as an expat will give you the confidence to retire in Egypt. Besides, since the country doesn’t have enough facilities, unlike the U.S.A or the United Kingdom, ensuring that you meet specific requirements could help you during your stay in the country. According to our team, setting your goals straight before starting to invest is the key to organizing your thoughts and strategizing your decisions.

Diversify Your Portfolio (Investment)

For someone who is not familiar with the country’s retirement plan, it would be better if you already plan to diversify your portfolio. With that being said, you may need to invest your money in different places. You can start a business, invest in services, and engage in something that’d fetch you income without the need to stress yourself out. This is why having options is crucial because you’re retiring.

Plan for A Long Term in Egypt

Planning for a long-term retirement in Egypt is one thing to put into consideration. Not that you shouldn’t prepare yourself ahead and get back to your country of residence in a couple of years. But you should benefit from what you’ve invested in your new country of residence (Egypt). This means you need to invest long-term and dedicate some of your money to emergency funds for future use.

Study the Risk of Retirement in Egypt

For you to have a successful retirement plan in Egypt, you must have understood the pros and cons of moving to the country. Checking different blogs to know the right thing can be quite confusing because many of the wrong information some may portray. However, we have all you need on this platform. So, refer to our previous guides to know more about living in Egypt in today’s 21^st century.

Don’t Take Impulse Step in Retirement

While you’re relocating to Egypt for the first time, it’s always good to make a good decision and not be emotional. More so, being impulsive or deciding based on emotions is one trap young investors can fall into. So, as an expat planning to retire in Egypt, try and review your portfolio and don’t take impulse steps.

Frequently Asked Questions about Egypt

What are the most interesting facts about Egypt?

Located on the northeast corner of Africa, this country is home to one of the world’s earliest and greatest civilizations, with a unified kingdom surfacing around 3,200 B.C. With a population estimated at more than 99 million, there is more to know about this country. Refer to moving to Egypt for more.

What is Egypt known for?

As of today’s digital age, Egypt is known for its ancient civilization and the monuments of the majestic pharaohs, such as the Great Sphinx, the Great Pyramids of Giza, the GEM, Sakkara, and Dahshur. Moreover, the country is home to one of the world’s earliest and greatest civilizations, with a unified kingdom first surfacing around 3,200 B.C.

Can I retire in Egypt without disturbance?

Of course, no one would disturb you, and there’s no shortage of opportunity for retirees. In fact, in Cairo, business and real estate, as well as stock exchange opportunities, are abundant since that’s the hub of the country. So, as an expat, you have nothing to worry about if you truly want to retire in the country.

Does expats/retirees pay tax in Egypt?

Well, in Egypt, expats are liable for income tax depending on their residency status. On the flip side, non-residents don’t need to file taxes because the income they receive in the country is progressively being taxed on gross income. So, even though you’re retiring in as an expat, prepare to pay a token.

Can a foreigner buy a house in this country?

Unlike other countries in the western world where expats or foreigners can own land, the process is quite different in Egypt. And this is because; Egypt law does not permit a foreigner to own non-residential property in person. However, a foreigner can own and purchase the non-residential property by incorporating a company to carry on a business, industrial activity, or administrative in Egypt.

Is it cheap to live in Egypt as an expat?

Living in a country like Egypt isn’t so expensive, as we’ve stated in our articles. And in fact, it’s relatively cheap as compared to many countries in the world. Meanwhile, daily expenses such as feeding, transportation, accommodation, miscellaneous, security, and many others are quite affordable in Egypt.

Does Egypt have Social Security like the U.K?

As of January 1, 2020, the government implemented a new law that makes significant changes to the country’s social security pension system, including financing, benefit formulas, and benefit adjustments, qualifying conditions, and coverage. This means you can expect the social security system in Egypt, but there’s a slight difference compared to the United Kingdom.

Which countries do not pay tax pensions?

Many countries do not provide tax pensions, and some of them include; Australia, Costa Rica, Panama, the Philippines, Uruguay, Malaysia, and many others. On the other hand, countries like France, Thailand, and Colombia don’t tax pension and social security payments.

Conclusion

A retiree living in Egypt can expect to spend on average $105.93 per month on food. Since retirement is the time to relax and enjoy life, it would be better to understand the process before traveling. Our retirement guide will help you get the most out of your work-free years in Egypt. So, review the content above and get started on retirements in Egypt today.