Solutions for your business in Egypt
We provide employment, and payroll solutions to support your ongoing as well as business expansion in Egypt.
Employer of Record Services (EOR) in Egypt
Egypt has been on the rise economically over the past several years. Between its new, modernized economy and large consumer market, investing in Egypt is a wise and timely decision.
We provide global professional services for small and medium-size businesses looking to expand to Egypt. Our experts are well-versed in Egypt’s local laws, regulations, and practices and we are happy to assist your business with customized and comprehensive professional solutions. We will take away all your burdens related to HR and administrative functions, allowing you to focus on your business’s core needs.
Companies looking to expand internationally will encounter many administrative hurdles. Hiring and paying your employees legally is the first challenge you may encounter if you do not have a legal entity in Egypt.
Therefore, a Professional Employer Organization (PEO) or Employer of Record is one of the most efficient ways to manage legal, immigration, and payroll issues in Egypt. This solution is best suited for companies that want to finish projects or test the market without making a relatively large commitment in terms of capital investment.
Through the EOR model, we will legally hire your employees on your behalf and lease them to you full-time. This way, you do not need to establish a legal entity in Egypt. We provide co-employment services which lessen your legal risk and streamline administration.
Our service includes:
- Acting as an employer of record for your leased employees
- Hiring of employees, including drafting of bilingual employment contracts, registration with local authorities, set up your employee on the payroll software
- On boarding and off boarding of employees in accordance with local laws
- Contract renewals
- Termination of employee
- Complete payroll solution and statutory benefits
- Provide required documents to obtain working visa
Payroll & Mandatory Benefits Outsourcing in Egypt
Payroll in a different country can be a confusing and time-consuming process. Therefore, many businesses choose to outsource their payroll services. Instead of having an HR department, we, together with local experts, will act as the HR department of your company by offering customized solutions for your payroll needs.
We will keep you apprised of changes to local employment laws in Egypt and make sure you are fully compliant. We will assist you with employment contract best practices, statutory and market norm benefits, employee expenses, as well as severance and termination.
Statutory benefits, also referred to as social or fixed benefits, are designed to enhance an employee’s welfare. These benefits differ for each country and are compulsory. Therefore, it is imperative that a company follows the statutory benefit laws of each country when carrying out payroll and tax functions.
In Egypt, mandatory benefits, also known as social insurance, are to be contributed to by both the employer and employee. Contributions are made to the National Organization for Social Insurance (NOSI) and cover old-age, occupational accidents, sickness, and unemployment insurance. It is the employer’s responsibility to withhold the employee’s social insurance contributions at source and make payments each month.
Our service includes:
- Registration and de-registration of the necessary company and personnel information for payroll calculation in the payroll software and system
- Monthly payroll processing
- Annual payroll tax compilation
- Annual preparation of Form 2 for social insurance authoritities