With many rich exports such as oil, chemicals, agricultural products, livestock, and textiles, Egypt is an attractive location for companies looking to expand to Africa and beyond. But before you can hire employees and build your team, you’ll have to set up a locally compliant payroll.
Egypt payroll options for companies
Companies can choose from different Egyptian payroll options, including:
- Internal: If your company feels committed to Egypt and has an established subsidiary, you can set up an internal payroll to pay employees, but keep in mind that you’ll need a larger budget to hire HR team members to handle the administrative burden.
- Egypt payroll processing company: Companies can also opt to work with a local Egypt payroll processing company to outsource payroll. However, it’s important to note that your company will still be responsible for any compliance issues.
- Employer of Record (EOR): Finally, companies can leverage the expertise and support of an EOR like G-P. We handle the complexities around payroll setup and compliance management so that you can focus on building your global teams.
How to set up a payroll in Egypt
If your company decides to set up an internal payroll in Egypt, you have to establish a subsidiary in the country before onboarding employees. However, it can take weeks or months to incorporate, leading talented candidates to find new jobs before you can hire them and add them to your payroll.
Entitlement/termination terms
Entitlement and termination terms are tricky most countries, including Egypt. We recommend including this information in an employment contract before choosing an Egypt payroll option.
Employers have to go before a committee with judicial powers at the Ministry of Manpower and Migration to terminate an employee. Notice periods depend on how long the employee has worked for your company.
Streamline global payroll management with G-P.
G-P streamlines each step of the payroll management process with our market-leading global employment platform. Pay your team with confidence anywhere in the world in 150 currencies with our 99% on-time automated payroll system — all with just a few clicks. Our products also integrate with leading HCM solutions, syncing employee payroll data across platforms automatically to create one reliable, convenient source of truth for HR teams.
Contact us to learn more about how we can support you.