Using our EOR services in Egypt allows you to access the opportunities of the Egyptian market within days while we take care of the paperwork for hiring your workforce compliantly. Egypt’s vibrant and resilient economy welcomes foreign investment, while international companies see its strategic geographical location as a potential launch pad for expansion throughout the region.
The Arab Republic of Egypt is at the heart of the Middle East and North Africa (MENA) region with ports on the Red Sea and the Mediterranean, opening the door to the Near East, southern Europe and farther into Africa. Egypt also controls the Suez Canal, a vital gateway for world trade linking the Med to the Red Sea and into the Arabian Gulf and the Indian Ocean and sea routes to the Far East.
Since the 2000s, the pace of structural reforms helped Egypt move towards a more market-oriented economy and prompted increased foreign investment. The reforms and policies have strengthened macroeconomic annual growth results. As Egypt’s economy healed, other prominent issues like unemployment and poverty began to decline significantly. The country benefits from political stability; its proximity to Europe, and increased exports. It also enjoys a strong currency. From an investor perspective, Egypt is stable and well-supported by external stakeholders.
But each new markets bring new challenges, and these can be worked through efficiently and cost-effectively with the support of an international Professional Employer Organisation (PEO) such as Bradford Jacobs, especially through our Employer of Record (EOR) framework. This can be best utilised when businesses are just beginning their expansion process and require more information before committing to incorporating an entity and fully establishing themselves in that market.
Our EOR services in Egypt offer our global entity network to companies considering expansion. We become your international employees’ Employer of Record, meaning that we take full responsibility for your employees’:
As an Employer Of Record, we conclude an agreement with you and the employee who will be working for your company. We become the legal employer of your new workforce. Your company maintains control over the working relationship, work ethics, tasks, and daily responsibilities of your employee.
Our agency in Egypt will legally hire your selected employees while you are responsible for their day-to-day activities. We currently operate in over a hundred countries where we use local networks of experts, which allows us to gain expert knowledge of local laws and regulations and recruitment customs and trends. By partnering with us as an EOR, your company will also have access to this specialist knowledge.
Our contract with your employee is 100% compliant with Egyptian labour laws and includes benefits such as insurance and pensions. We can hire, onboard, and manage your new employees in Egypt within days. Here is what we can do for you:
The most significant benefit of using our EOR services in Egypt is that there is then no necessity for you to set up an entity there. This process can take months, and during this period, it is unlikely that you will have legal resources to pay your employees in Egypt, resulting in a considerable delay in your Global Expansion plans.
Global expansion is an exciting step that often leads to a growing and successful business, but the red tape in a new country can be demotivating and frustrating. Imagine a way to expand your business without red tape globally and at low costs: that is what working with an EOR can do for you. By letting us take care of the hard part, you can focus on the significant part: expanding your business into Egypt.
These are the aspects we can take away from you:
As an employer, you are usually responsible for all legal aspects regarding your employees’ employment. In a new country, this process will probably take some more effort, but it does not have to. We have extensive experience with Egyptian payroll, taxes, and other local laws and regulations at Bradford Jacobs.
We can help you with the following:
Employees are the central core of your business. They keep the engine running; therefore, it is also essential to create a stable agreement that satisfies both employer and employee. As a legal employer, the EOR is responsible for keeping employees happy with the work agreement. Due to our broad network and experts, we can offer employees great benefits and a reliable, compliant employment contract.
We will make sure they enjoy the following:
Working with contractors on a project- or temporary basis can provide an excellent solution during your global expansion. At Bradford Jacobs, we have access to a vast pool of international contractors and can find you the perfect fit for your project or expansion. Since it is not allowed for a contractor to work full-time for you solely, we can always set up an EOR when necessary, providing you with a swift solution for your international workforce.
Feel free to share your plans and dreams with us so that we can find the perfect solution and provide a compliant working agreement that suits everyone.
For more information, download our free guide or get in touch with our consultants here