Sharm & South SinaiOpening a Business in Sharm El Sheikh: 9 Common Mistakes and How to Avoid ThemNine mistakes we see when people open a business in Sharm El Sheikh: the wrong company form under Decree 128/2022, property deals…
Sharm El Sheikh · South Sinai · Office 314
Business Setup in Sharm El Sheikh:
Our Office and Local Guide
Business setup in Sharm El Sheikh follows Egyptian law plus a Sinai layer of its own: Decree 128/2022 for companies and property, and a local e-receipt mandate for taxpayers selling to consumers. Our office is Office 314, Al Azizia Mall, on Al Salam Road. We set your company up and keep it compliant, from Sharm El Sheikh.
- Chartered Accountant (محاسب قانوني)
- Office 314, Al Azizia Mall, Ras Kennedy
- Open 09:00–23:00 every day
- Arabic, English, Italian, Russian
01Local offices
Where your Sharm files are handled
We name only what we have verified, as of October 2026. Addresses and opening hours for the tax, social insurance and labour offices go into our directory once we have checked them on site.
Tax: the Egyptian Tax AuthorityTax card, VAT, e-invoices and e-receipts. Standard activities get the normal 5-year tax card; the 8-month temporary card introduced in July 2026 cannot issue e-invoices. Hotline 16395.E-invoices and e-receiptsCompanies: GAFIFormation and later changes. A company with any foreign ownership also files GAFI FDI reports: within 30 days of incorporation or a change, quarterly within 45 days, and annually within 4 months. Hotline 16035; 15 service centres nationwide.Company formation in SharmResidence: the Police ComplexBook on eres.moi.gov.eg. Google Maps lists the Police Complex (المجمع الشرطي) as the passport and visa office in Sharm El Sheikh; check its hours before you go.Residence permits in SharmLabour: work permitsWork permits under Labour Law 14/2025, with fees set by ministerial decision. Hotels, tourist restaurants and cafés, tourism companies and dive centres also need Ministry of Tourism approval for foreign staff.Work permitsDiving: CDWS South Sinai2 Zoo Street, Hadaba. Chamber membership for the centre, and a CDWS card, with accident insurance, for each resident foreign dive professional.Diving centresTourism licences: Ministry of TourismOne licence under Law 8/2022 for hotels, restaurants, cafés, diving, safari and marine centres: a decision within 30 working days, or the application is deemed initially approved.Hospitality and tourism
02Why us
Why clients in Sharm choose us
Doing Business in Sharm El Sheikh, handled by one chartered accountant from your first question to the final registration. Sharm El Sheikh business opportunities are many; as an accounting firm in Sharm El Sheikh we help you pick the right one. Related guides: Accounting and Company Services Across South Sinai, Contact the Office in Sharm El Sheikh.
+100 businesses servedHotels, restaurants, dive centres, shops and investors in Sharm El Sheikh trust us with their files.
A chartered accountant on your fileYour file is prepared and followed by a Chartered Accountant (محاسب قانوني) and tax expert.
On the ground in SharmOffice 314, Al Azizia Mall, close to the authorities your file goes through. Open every day, 09:00–23:00.
Four languagesArabic, English, Italian and Russian, with the same facts in each.
FAQ
Business in Sharm El Sheikh, Egypt: questions
Where is your office in Sharm El Sheikh?
Office 314, Al Azizia Mall, in Ras Kennedy on Al Salam Road, Sharm El Sheikh. We are open every day from 09:00 to 23:00. Use our Google Maps pin for directions, and send us a WhatsApp message before you come so the right file is on the desk. We consult in Arabic, English, Italian and Russian.
Can a foreigner start a business in Sharm El Sheikh?
Yes, within the Sinai rules. Since 1 April 2022, Decree 128/2022 requires a non-Egyptian investment project in Sharm to be an Egyptian joint stock company, with at least three founders and EGP 250,000 issued capital. The decree sets no minimum Egyptian share, but later shareholder changes need security and GAFI or FRA approval.
Do I need an Egyptian partner to open a business in Sharm?
Not under a fixed percentage. The 55% Egyptian-ownership rule comes from Law 14/2012 and applies in El Tor, Saint Catherine and the rest of Sinai outside the decree areas. In Sharm El Sheikh, Decree 128/2022 sets no percentage but requires the joint stock company form for non-Egyptian projects and security approvals for later changes.
Who must issue e-receipts in Sharm El Sheikh?
Under ETA Decision 484/2022, every income-tax and VAT taxpayer in the Sharm El Sheikh area who sells to consumers has had to issue e-receipts since 1 November 2022. That includes cafés whose meals are VAT-exempt. Sales to businesses go on e-invoices, and costs without an e-invoice or e-receipt are not recognised for tax.
Can a foreign-owned business buy its premises in Sharm?
No. Under Decree 128/2022, land and buildings in Sharm El Sheikh may be owned only by Egyptians or wholly Egyptian-owned entities, and Law 11/2024 did not change that. A company with a foreign shareholder leases its premises or holds a long-term usufruct, and every ownership, usufruct or real-estate dealing needs prior security approval, or the contract is void.
Guides on the Sinai rules
Sharm & South SinaiOpening a Business in Sharm El Sheikh: 9 Common Mistakes and How to Avoid ThemNine mistakes we see when people open a business in Sharm El Sheikh: the wrong company form under Decree 128/2022, property deals…Company formation & investmentDo You Need an Egyptian Partner? The 51%, 55% and Nominee Myths in Sharm, Dahab and El TorForeigners can own 100% of most Egyptian companies. Where the 51% and 55% figures really apply, what Decree 128/2022 means for Sharm…Visit us
Office 314, Al Azizia Mall
Ras Kennedy, Al Salam Road, Sharm El Sheikh. Open every day from 09:00 to 23:00; a WhatsApp message before you drive over helps us have your file ready.
Sharm El Sheikh office
Eskander Gerges — Chartered Accountant & Tax Expert
- Office 314, Al Azizia Mall, Ras Kennedy, Al Salam Road, Sharm El Sheikh, South Sinai, Egypt
- +20 103 349 3011
- Chat on WhatsApp
- +20 128 449 9230 (Alternative number)
- info@eskander-gerges.com
- Every day 09:00–23:00
Free consultation
Tell us about your case. The first consultation is free
Send us a few lines on WhatsApp or call. During office hours (09:00–23:00, every day) we reply the same day, in Arabic, English, Italian or Russian.
Book a visit
Book a visit to Office 314
Tell us when you would like to come and what you want to discuss. We confirm the time the same day during office hours.