Throughout the cluster, facilities provide a cheerful and secure opportunity for investment. This offers prudent advantages including inter-alia: a one stop shop model, a strategic location, an integrated supply and value chain, and door-step service for investors across the leather industry;
Under the newly adopted investment law, investments are protected and cannot be nationalized. A 10% foreign employment cap is also enacted.
For the leather industry in specific, a 30% tax refund entitlement is secured through a rebate scheme for investments extending across a 5-year period.
This also applies to other contributors including engineering and chemical industries. Newly established companies and receive an exclusive custom reduction on machinery and equipment, only 2% is collected instead of 5%.
Support of Governmental Incentives
Robbiki Leather City has the support of governmental incentives as per the new investment law, our customers will be entitled to 30 % tax rebate scheme.
Overview
- Foreign investors will receive the same treatment under law as Egyptian.
- Investment projects can’t be nationalized and can have up to 10% foreign employee.
Cashback Refund of Total Investments
- Leather industries are entitled for 30% cashback in form of tax refund over 7 years.
- Engineering industries and chemical industries (intermediate for leather).
Liquidation and Exit Scenarios
- Investors has the right to repatriate all their profits abroad as well as the salaries of foreign employees through the official banking system.
- Investors can liquidate and exit in case of commercial difficulties as defined by law.
Custom Taxes Reduction and Export Incentives
- New companies established for 2% instead of 5% customs on imported machinery and equipment.
- Cashback incentive on transportation cost to certain countries.
Connected, Secure, Stable
Investment in Robbiki Leather City is well connected to secure stable success factors and increasing demand
Competitive Edges for Our Customers
- Access to more than 50 countries on free trade agreements basis including EU, MENA and COMESA.
- Proximity to luxurious leather products spending up to US$ 650 Mil.
- Tax rebate scheme up to 30 % of total investments over 7 years period.
- Local population over 100 Mil with opportunities in value added industries for tanned leather.
Robbiki Leather City
- Increasing tanned leather production with wide variety of raw hides suppliers that are qualified for exports to Italy, Spain and many other countries.
- 3 phases covering value chain of leather.
- Full integrated services and separate management within the industrial zone.
- Governmental support and back up for admin documents and licensing.
Due to Egypt’s bilateral, regional and multilateral agreements and partnerships, more than 62 markets in a multiple of countries are easily accessible and facilitated. A 50% cashback incentive on transportation costs to certain countries is also available.
| Trade Agreement | Area/Region/Country | Entry Into Force | No. of Countries |
|---|---|---|---|
| Agadir Agreement | Egypt, Jordan, Morocco and Tunisia. | July 2006 | 4 |
| Common Market for Eastern and Southern Africa (COMESA) | Burundi, Comoros, Democratic Republic of Congo, Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Libya, Madagascar, Malawi, Mauritius, Rwanda, Seychelles, Sudan, Swaziland, Uganda, Zambia and Zimbabwe. | July 1998 | 19 |
| Egypt-EFTA Agreement | Iceland, Liechtenstein, Norway and Switzerland. | August 2007 | 5 |
| Euro-Med Partnership | The EU and 11 Mediterranean Partners. | June 2004 | The EU and 11 Mediterranean Partners. |
| Greater Arab Free Trade Area (GAFTA) | Algeria, Bahrain, Egypt, Iraq, Kuwait, Lebanon, Libya, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Sudan, Syria, Tunisia, United Arab Emirates and Yemen. | January 1998 | 17 |
| Egypt-Mercosur Free Trade Agreement | Argentina, Brazil, Uruguay, Paraguay, Chile, Bolivia, Ecuador, Colombia, Peru and Venezuela. | January 2013 | 11 |
| Qualifying Industrial Zones (QIZ) | Egypt, Israel and the U.S. | February 2005 | 3 |
| Egypt-Turkey FTA | Turkey | January 2007 | 2 |
| Egypt and China (18 trade and business cooperation agreements) | China | 2006 and 2013 | 2 |