Ease of Doing Business in
Assiut - Egypt, Arab Rep.
This page summarizes Doing Business data for Assiut. The first table shows its rank among 3 cities/regions in the Arab Republic of Egypt. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.
Economy Overview
| Region |
Middle East & North Africa |
| Income Category |
Lower middle income |
| Population |
82,536,770 |
| GNI Per Capita (US$) |
2,600.00 |
|
Ease of Doing Business Rank among 3 cities in Egypt, Arab Rep.
|
Top city in Egypt, Arab Rep. |
| 1 |
Assiut |
Subnational Data
Starting a Business
Info
The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.
| Indicator |
Assiut |
Middle East & North Africa |
OECD |
The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries). View methodology
Procedures (number)
|
8 |
8 |
5 |
The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments. View methodology
Time (days)
|
14 |
23 |
12 |
Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law. View methodology
Cost (% of income per capita)
|
28.6 |
29.8 |
4.5 |
The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita. View methodology
Paid-in Min. Capital (% of income per capita)
|
12.9 |
72.3 |
13.3 |
| No. |
Procedure |
Time to Complete |
Associated Costs |
| 1 |
Check the company name
|
1 day
|
No cost
|
| 2 |
Obtain a certificate from an authorized bank
|
1 day
|
No cost
|
| 3 |
Submit documents to the Companies Department
and obtain invoice
|
1 day
|
EGP 1,811
|
| 4 |
Pay fees
|
1 day
|
EGP 408
|
| 5 |
Notarize the company contract
|
1 day
|
No cost
|
| 6 |
Obtain the notification of incorporation
|
1 day
|
No cost
|
| 7 |
Register for taxes
|
7 days
|
No cost
|
| 8 |
Register employees with the National Authority of
Social Insurance
|
2 days
|
No cost
|
Subnational Data
Close