| Summary at a Glance | | | | |
| Total year 1 engagement set up costs? | US$22,750 | US$20,370 | US$12,990 | US$19,300 |
| Total year 2 costs (incl. audit and tax)? | US$10,050 | US$8,150 | US$4,290 | US$6,030 |
| Minimum paid-up share capital required? | US$1,000 | US$36,000 | US$61,958 | US$2 |
| Name of the most popular free zone? | Alexandria Free Zone | Zwara Free Trade Zone | OK Free Trade Zone | Athi River Export Processing Zone |
| Free zone mostly popular for: | Manufacture | Manufacture | Manufacture | Manufacture |
| Total engagement period? | 3.5 months | 6 months | 4 months | 4 months |
| Exempt from corporation tax and VAT? | Yes | Yes | Yes | Yes |
| Our Client must travel? | Yes | No | No | No |
| Average monthly warehouse rental (per sq. m.)? | US$4 | US$2 | US$5 | US$5 |
| Manufacturing allowed in the free zone? | Yes | Yes | Yes | Yes |
| Corporate tax payable | No | No | No | 10 years tax holiday |
| Literacy % of population? | 73.80% | 91% | 59.60% | 78% |
| English language proficiency % of population? | 35% | 20% | 53% | 19% |
| Incorporation Requirements | | | | |
| Branch office or LLC recommended? | LLC | LLC | LLC | LLC |
| How long to secure a corporation number? | 4 weeks | 3.5 months | 5 weeks | 3-4 weeks |
| Minimum number of shareholders? | 1 | 1 | 2 | 2 |
| Minimum number of directors? | 1 | 1 | 2 | 1 |
| Resident director required? | Yes | Yes | No | No |
| Resident representative or agent required? | No | No | No | No |
| Corporate directors allowed? | Yes | Yes | No | No |
| Public register of shareholders & directors? | Yes | Yes | Yes | Yes |
| Special permit or license required? | Yes | Yes | Yes | Yes |
| Minimum amount of paid-up capital? | US$1,000 | US$36,000 | US$61,958 | US$2 |
| Fast solution (turnkey) available | No | No | Yes | No |
| Tax and accounting considerations | | | | |
| Global sales exempt from corporate tax? | Yes | Yes | Yes | Yes |
| Local GST or VAT (%)? | 10-25% | No | No | No |
| Tax incentives for manufacturing startups? | Yes | Yes | Yes | Yes |
| Withholding tax payable on dividends? | 10% | 0% | 0% | 0% |
| Global sales exempt from GST/VAT? | Yes | Yes | Yes | Yes |
| Average customs tax on imports? | 0% | 0% | 0% | 0% |
| Social contributions payable on employees in FTZ? | No | No | No | No |
| Corporation tax payable on local sales? | No | 0% | 0% | 0% |
| Annual audited financial statements required? | Yes | Yes | Yes | Yes |
| Access to how many double tax treaties? | 56 | 8 | 11 | 10 |
| Bank account characteristics | | | | |
| Healy Consultants PLC's preferred bank? | SCB Cairo | NCB | SCB Lagos | SCB Nairobi |
| Do I travel to open the bank account? | No | No | No | No |
| Minimum deposit (USD)? | US$1,000 | US$1,000 | US$1,000 | US$1,000 |
| Can open US$, €, £ corporate bank account? | Yes | Yes | Yes | Yes |
| US$, €, £ corporate visa debit cards available? | No | No | No | No |
| Country currency controls in place? | No | No | Yes | Yes |
| Corporate ATM card available? | Yes | Yes | Yes | Yes |
| How many banks in the country? | 41 | 16 | 21 | 42 |
| WEF bank rating out of 144 | 110 | 142 | 78 | 54 |
| WEF ease of getting credit out of 144 | 129 | 142 | 137 | 33 |
| Employment considerations | | | | |
| Average skilled labour monthly salary? | US$300 | US$3,800 | US$300 | US$550 |
| Average unskilled labour monthly salary? | US$200 | US$2,850 | US$230 | US$240 |
| Average social contributions (% salaries)? | 26% | 11.25% | 10% | 5% |
| Minimum national salary? | US$150 | US$360 | US$202 | US$106 |
| Mandatory labour unions? | No | No | No | No |
| Minimum notice to dismiss employees? | 2 months | 1 month | 1 week | 1 day |
| Minimum redundancy indemnity? | 1 month | 1 month | 0 | 1 day |
| Quotas on foreign workers? | 25% | 25% | Yes | No |
| How long to get work permit approved? | 6 months | 6 months | 4 months | 4 months |
| Manufacturing considerations | | | | |
| Electricity prices, (US$ per kWh)? | 5 | 5 cents | 9 cents | 20 cents |
| Rank for getting electricity (by WB)? | 144/189 | 126/189 | 182/189 | 127/189 |
| Rank for transport infrastructure (by WEF)? | 125/144 | 144/144 | 133/144 | 65/144 |
| Rank for customs procedures (by WEF)? | 81/144 | 139/144 | 132/144 | 92/144 |
| Average tariffs on imports? | 16.80% | 0% | 11.70% | 12.70% |
| Government incentives for startups? | Yes | Yes | Yes | Yes |
| Internet connectivity rating? | 88/144 | 106/144 | 140/144 | 124/144 |
| Global business efficiency index? | 131/189 | 188/189 | 169/189 | 108/189 |
| Does the country have maritime access? | Yes | Yes | Yes | Yes |
| Logistics considerations | | | | |
| Proximity of seaport in kilometers? | 4.3 | 36.3 | 28 | 469 |
| Proximity of airport in kilometers? | 6.7 | 25 | 45.2 | 23 |
| Proximity of rail in kilometers? | 223 | N/A | 30.1 | 16.7 |
| Computer literacy % of population | 50% | 16.50% | 38% | 39% |
| Local purchasing power (GDP per capita)? | 3,226 | 11,046 | 1,692 | 1,016 |
| Local market size (in USD billions)? | 271.4 | 67.6 | 286.5 | 45.1 |
| Average annual inflation rate 2014-15? | 13.10% | 9.70% | 9.20% | 6.72% |
| Average unemployment rate 2014-15? | 12.70% | 19.50% | 8.20% | 40% |
| Population in millions | 84.2 | 6.1 | 169.3 | 44.4 |
| Monthly warehouse rental (per sq. m.)? | US$4 | US$20 | US$5 | US$5 |
| Manufacturing space rental (sq. m.)? | US$3.5 | US$10 | US$5 | US$5 |
| Can rent office outside free zones? | Yes | Yes | Yes | Yes |
| Can the entity hire local staff? | Yes | Yes | Yes | Yes |
| Can the entity hire expatriate staff? | Yes | Yes | Yes | Yes |
| Free zone work permit fee per person | US$3,950 | US$3,950 | US$3,950 | US$3,950 |
| Estimate of engagement costs | US$ | US$ | US$ | US$ |
| Healy Consultants PLC's engagement fees | 8,950 | 10,370 | 12,990 | 8,750 |
| Company secretary and legal registered office | 2,400 | 1,100 | 2,150 | 2,200 |
| Estimate of Government registration fees | 600 | 6,100 | 1,610 | 100 |
| Corporate bank account opening | 4,950 | 2,950 | 4,950 | 4,950 |
| Estimate of total outgoings in Year 1 | 22,750 | 20,370 | 25,600 | 19,300 |
| Draft sales invoice attached | View invoice PDF | View invoice PDF | View invoice PDF | View invoice PDF |
