{"id":559365,"date":"2021-01-19T03:43:52","date_gmt":"2021-01-19T03:43:52","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/19\/local-it-companies-are-eligible-through-export-incentives-through-itida\/"},"modified":"2021-01-19T03:43:52","modified_gmt":"2021-01-19T03:43:52","slug":"local-it-companies-are-eligible-through-export-incentives-through-itida","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/19\/local-it-companies-are-eligible-through-export-incentives-through-itida\/","title":{"rendered":"Local IT companies are eligible through export incentives through ITIDA"},"content":{"rendered":"

IT exports are getting a shot in the arm with export incentives from <\/strong>ITIDA\u2019s annual<\/strong> Export IT program.<\/strong> The program is designed to encourage local IT companies to boost exports, secure their position in existing markets, and increase market penetration capabilities, according to a press release (pdf)<\/a>. Companies eligible for the program will receive direct monetary subsidies of up to 20% of value-added exports based on the company size, capped at EGP 3 mn for companies operating in new tech parks and EGP 2.5 mn for everyone else. Additional incentives will be offered to companies exporting e-commerce, e-gaming, or e-design services, new entrants to the program, and companies operating in governorates other than Cairo, Giza, and Alexandria.<\/p>\n

Who is eligible for the program?<\/strong> Approved companies will need to have more than 50% Egyptian ownership, be headquartered in Egypt (only for companies founded before 2016), and export ICT services or IT-enabled services such as call centers.<\/p>\n","protected":false},"excerpt":{"rendered":"

IT exports are getting a shot in the arm with export incentives from ITIDA\u2019s annual Export IT program. The program is designed to encourage local IT companies to boost exports, secure their position in existing markets, and increase market penetration capabilities, according to a press release (pdf). Companies eligible for the program will receive direct […]<\/p>\n","protected":false},"author":1,"featured_media":559366,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9607],"tags":[72,8562,1635,639],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ict","tag-enterpriseam","tag-ict","tag-itida","tag-technology","wpautop","entry"],"acf":{"mongo_id":"f4a26049-eb50-4e67-9a6d-168dfe9ddf7e","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/1\/225.jpg","photo_position":"above","related_issue":[559353],"teaser":"","voice_url":""},"yoast_head":"\nLocal IT companies are eligible through export incentives through ITIDA - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/19\/local-it-companies-are-eligible-through-export-incentives-through-itida\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Local IT companies are eligible through export incentives through ITIDA\" \/>\n<meta property=\"og:description\" content=\"IT exports are getting a shot in the arm with export incentives from ITIDA\u2019s annual Export IT program. The program is designed to encourage local IT companies to boost exports, secure their position in existing markets, and increase market penetration capabilities, according to a press release (pdf). Companies eligible for the program will receive direct […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/19\/local-it-companies-are-eligible-through-export-incentives-through-itida\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-19T03:43:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/225.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/19\/local-it-companies-are-eligible-through-export-incentives-through-itida\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/19\/local-it-companies-are-eligible-through-export-incentives-through-itida\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Local IT companies are eligible through export incentives through ITIDA\",\"datePublished\":\"2021-01-19T03:43:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/19\/local-it-companies-are-eligible-through-export-incentives-through-itida\/\"},\"wordCount\":161,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/19\/local-it-companies-are-eligible-through-export-incentives-through-itida\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/225.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"ICT\",\"ITIDA\",\"technology\"],\"articleSection\":[\"ICT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/19\/local-it-companies-are-eligible-through-export-incentives-through-itida\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/19\/local-it-companies-are-eligible-through-export-incentives-through-itida\/\",\"name\":\"Local IT companies are eligible through export incentives through ITIDA - 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The companies mark the second\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570892,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/21\/itida-gears-up-to-disburse-export-subsidies-to-it-firms\/","url_meta":{"origin":559365,"position":1},"title":"ITIDA gears up to disburse export subsidies to IT firms","author":"enterpriseam admin","date":"21 April 2020","format":false,"excerpt":"ITIDA gears up to disburse export subsidies to IT firms: The CIT Ministry\u2019s Information Technology Industry Development Agency (ITIDA) began on Thursday the initial steps for disbursing more than EGP 5 mn in dues to 25 SMEs and micro-enterprises eligible for the export support program, according to Al Mal. 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