Egypt’s Simplified Tax Regime Offers Golden Opportunity for Startups, Finance Minister Says
Egypt’s simplified tax system represents a major incentive for startups and emerging businesses, creating a more supportive environment for entrepreneurship and innovation, according to Ahmed Kouchouk, Minister of Finance.
Speaking during the launch of the Egyptian Foundation for Startups and Entrepreneurship (Startup Egypt), Kouchouk said the government is committed to fostering a business-friendly ecosystem capable of accelerating the growth of startups and encouraging young entrepreneurs to formalize and expand their operations.
The minister described the simplified tax framework as a “golden opportunity” for startups, emphasizing that the new regime is designed to reduce administrative burdens, improve tax compliance, and provide greater certainty for entrepreneurs and investors.
Kouchouk noted that supporting startups has become a key pillar of Egypt’s economic strategy, given the sector’s growing role in driving innovation, creating jobs, and attracting investment. He added that the government is working to establish policies that enable entrepreneurs to focus on growth and innovation while benefiting from a more flexible and efficient tax environment.
The remarks came during the inauguration of Startup Egypt, a new institution aimed at strengthening the country's entrepreneurial ecosystem and supporting founders through initiatives that promote innovation, investment, and sustainable business growth.
According to the finance minister, enhancing cooperation between government entities, investors, and entrepreneurs is essential to building a competitive startup ecosystem capable of contributing to economic diversification and increasing the private sector’s role in development.
He stressed that Egypt possesses significant opportunities to become a regional hub for entrepreneurship and innovation, supported by a young talent pool, ongoing digital transformation efforts, and reforms aimed at improving the investment climate.
Kouchouk reaffirmed the Ministry of Finance’s commitment to introducing policies that support emerging businesses and enhance their ability to scale, describing startups as one of the key drivers of future economic growth and competitiveness.