hat are the conditions for obtaining export support? What are the most important features of the export program? The Egyptian markets are in full development in various fields such as industry, and the state has decided to attach a number of new sectors to the engineering sector, which will be mentioned in detail on the Money Makers website , in addition to the conditions for obtaining support.
Contents
Conditions for obtaining export support
Export support program and its importance
Advantages of the export support program
Documents required to obtain export support
Method of disbursing annual allocations
Export support rates for different sectors
1- Engineering sector
2- Food industries
3- Furniture industries
The most important information about incentives and support for small projects
Conditions for obtaining export support
Production companies receive support whose percentage varies depending on the basic value added. One of the most important conditions for obtaining and benefiting from export support is the availability of the following requirements:
Submitting documents proving that the company has a quality certificate from an accredited body.
Availability of a copy of a notarized contract between a licensed factory and the company itself proving its right to operate or rent a production line.
Proof of the manufacturer’s approval to benefit from and exploit the trademark, and the company itself must submit papers proving its ownership of the trademark.
Other commercial companies are a condition for obtaining export support that they must work and practice the profession for a minimum of three years and prove this with a tax declaration. In addition, they must possess a quality certificate from an accredited institution.
Attach the invoice for the product factory and the conditions for it to still be working.
Export support program and its importance
The Export Support Program is considered one of the most distinguished Egyptian programs in which many high-quality services are provided, and its importance is:
The Egyptian government has worked to create a highly efficient program that contributes to African countries obtaining and owning Egyptian products.
Working to help and encourage investors to invest in African markets.
Advantages of the export support program
The expropriation support program is considered one of the programs that has greatly pleased investors because of its assistance in all matters that may be faced, and the advantages of this are:
The investor takes an additional subsidy of up to 2% for exported products that have the Egyptian trademark.
Granting support to several different regions, such as Upper Egypt, Damietta, the city of Rubiky, and projects located in the Suez Canal, they provide support of up to 50% of the basic percentage of support.
Providing support for commercial cars and private passenger cars for a period of no less than 7 years, and granting the industries supplying electrical and electronic devices, molds, and production lines the necessary support.
Investors in Africa receive 50% support in addition to the basic support, provided that they bear a special percentage of shipping expenses from 50 to 80%.
Documents required to obtain export support
After knowing the conditions for benefiting from the export support service, you must know that in order for the investor to be able to obtain export support, some required documents must be submitted, such as:
Availability of a copy of the issuance certificate.
A basic certified copy of the commercial invoice.
Export implementation.
Provide a copy of the shipping agency.
Quality certificate from an accredited body.
Submitting papers proving and confirming the value of exports from an accredited bank.
Submit your most recently filed tax budget.
Commercial Registration and tax card.
Method of disbursing annual allocations
The Export Councils viewed the disbursement terms as needing to be more clear regarding the process of distributing annual allocations in accordance with the executive regulations, and they concluded the following:
The text stipulated that the disbursement of export aid to companies would be divided into 30% dues from the Ministry of Finance, 40% in cash, and 30% on the export basis.
The regulations did not mention what should be done in the event that a certain percentage of the company has taxes of less than 30% of the value of the support due.
Export infrastructure has not been identified and talked about either.
Companies receive specific percentages according to the total value of the products sold abroad. The percentage is determined on the basis of the sector, and the higher the percentage of the company’s local product, the greater the percentage.
Export support rates for different sectors
The percentage of export support varies based on each sector, and the most important sectors are:
1- Engineering sector
If the company’s value-added percentage is 40 to 50%, it will receive a subsidy of up to 6% if the company is located in the interior regions.
The support rate reaches 3% for companies in free zones, and if the added value in companies ranges from 50 to 6%, then the support in this case is 10%.
2- Food industries
Enterprises whose added value ranges between 40 and 50% and which work in foodstuffs have a 7% export subsidy in the interior regions.
For free zones, the support rate is 3.5%, and for companies whose added value is 60 to 80%, the support rate is 4.5%.
3- Furniture industries
If the added value in furniture companies is 40 to 50%, then the percentage of support provided is 7% of the value of exports, and in free zones the percentage is 3.5%.
The percentage increases to 8% if the companies’ value added reaches between 50 and 70%, and the percentage reaches 10% for companies where the added value is more than 70%.
Read also: Payment of support before salary 1445 for housing support beneficiaries
The most important information about incentives and support for small projects
Small businesses also share in the support and support provided, and the most important information to know is:
Small enterprise companies that work in textiles and food products receive a share of support if they do not exceed a specific level.
The support rate for small companies is 2%, and for companies whose export value is less than $10 million, which is average, the support value is 1%.
