Uber has applied for an operating license under recent legislation governingride-hailing companies, General Manger Ahmed Khalil said in an interview with Masrawy on Tuesday. Under the 2019 legislation, ride-hailing companies pay 25% more tax than other cab drivers, are obliged to hire white cab drivers, and must provide proof that their drivers are paying social insurance, amongst a host of other requirements on tariffs, data protection and service quality. Companies are required to pay EGP 30 mn for a five-year license, while drivers pay EGP 2k for a work permit.
More from Enterprise
Egypt continues to issue LCs as usual
LCs continue to be processed — albeit after closer inspection…
EGX kicks off first day of futures trading on the EGX
The rollout includes 3- and 6-month future contracts tracking the…
Beltone to launch Fadda, Egypt’s first-ever silver investment fund
Good afternoon, friends, and (almost) Eid Mubarak. With Ramadan on…
How Egypt’s fintech players can own the digital Eidiya evolution
💸 Eid traditions in Egypt (and the region) have held…