Falcon Invoice Discounting: Empowering Your Business Growth
General Authority for Investment and Free Zones (GAFI) Presentation CRF 2009
1. Egypt… Improving Investment Climate Neveen EL Shafei Vice Chairman General Authority For Investment and Free Zones Business Registration Reform in Africa Practitioners Workshop Cape Town , March 30 th 2009
2. Doing Business Report 2009 : Top Reformers For the 2nd consecutive year, Egypt is among the top 10 reformers in the Doing Business Report, issued by the World Bank.
3. Doing Business Report 2009 : MENA Region- Aggregate Ranking Despite of moving a head.. Egypt’s rank remains below average for MENA
4.
5. South Africa-Rankings on the ease of doing business Source: Doing business report, worldbank. South Africa ranks second among southern Africa region in terms of ease of doing business
6. FDI Statistics: Inward FDI stock in African economies 1980-2006 UNCTAD, World Investment Directory 2008 Million Dollars
10. Doing Business Report 2009 - Starting a business Starting a business indicator - recent progress 2 12.9 694.7 Pain in min. capital (% GNI per capita) 18.3 28.6 68.8 Cost (% GNI per capita) 7 9 19 Duration 6 7 10 Procedures (number) 41 55 126 Rank DB09 DB08 DB07 Starting a business
11. Starting a Business in Egypt 2008 New business registration in Egypt + 113% Doing Business Report 2009 - Starting a business 2 days Register employees with the National Authority of Social Insurance 6 1-2 days Register for taxes 5 1 day Obtain the notification of incorporation 4 1 day Notarize company’s contract 3 1 day Submit documents to the Department of Companies and obtain invoice 2 1 day Obtain a certificate from an authorized bank 1 Time to complete: procedure No
12. Doing Business Report 2009 - Starting a business 931 4656 7750 1513 6793 1918 19.99 19.52 28.23 Starting a business indicator - recent progress
13. Doing Business Report 2009 - Starting a business Procedures to start a business Time to start a business (days) Comparing Egypt to the best practice and MENA Region
14. Doing Business Report 2009 - Starting a business Cost to start a business (% of income per capita) Minimum capital to start a business (% of income per capita) Comparing Egypt to the best practice and MENA Region
15. Ease of Starting a Business - the Top 10 and Egypt Doing Business Report 2009 - Starting a business Source: IFC Benchmarking Report On Registration Procedures-GAFI OSS Cairo,2008-D. Walke
16. How Egypt compares with other countries Doing Business Report 2009 - Starting a business Source: IFC Benchmarking Report On Registration Procedures-GAFI OSS Cairo,2008-D. Walke
24. Doing Business Report 2009 - Starting a business There were no LLC’s Under EGP1000 This year witnessed a remarkable impact of reduction to EGP 200 Starting a business indicator - recent progress
25. Investment Climate: Starting a Business in COMESA Who regulates business start-up the least –and who the most? Procedures (Numbers) Time (days) Cost (% of income per capita) Paid-in minimum capital (% of income per capita) 12 Kenya 7 Ethiopia 13 Swaziland 6 Zambia 13 Djibouti 6 Egypt 13 Eritrea 5 Madagascar 18 Uganda 5 Mauritius Most Fewest 43 Burundi 16 Ethiopia 61 Swaziland 14 Rwanda 84 Eritrea 7 Madagascar 96 Zimbabwe 7 Egypt 155 Djibouti 6 Mauritius Most Fewest 188.6 Comoros 28.6 Zambia 200.2 Djibouti 18.3 Egypt 215 Burundi 11 Madagascar 432.7 Zimbabwe 8.3 Seychelles 435.4 D.R. Congo 5 Mauritius Most Fewest 280.8 Comoros 0 Malawi 289.8 Madagascar 0 Uganda 396.7 Eritrea 0 Seychelles 514 Djibouti 0 Kenya 693.6 Ethiopia 0 Mauritius Most Fewest
26.
27. Investment Climate: Net Number of Reforms Improving a Set of Doing Business Indicators