Egypt is becoming an increasingly popular nearshoring destination, especially for European companies. The huge population of more than100 million people offers a very large pool of highly-skilled, young, and enthusiastic talents.
The proximity to Europe (~4h by plane, same time zone), the availability of good language skills (especially English, French, German) is paired with extremely competitive labor cost.
The corona crisis has made virtual collaboration the new normal. For many functions, companies have experienced, that it is less important where the employees are physically located. In particular, small and medium-sized companies can take advantage of this through Nearshoring to Egypt by Employee Leasing and react to the increasing cost pressure. With this approach, we provide you with qualified staff in Egypt, which are employed by the FMC Group. The employees work exclusively for your central departments while being physically located in our offices in Cairo.
Our customers use this service to augment their central departments with cost-efficient resources. Like this, they create a hybrid model consisting of core employees in the head office and remotely working Nearshore Employees in Egypt. Also, entire sub-departments (e.g. internal sales) can be transferred as well.
This service offers great flexibility and considerable cost advantages through lower labor costs. The employees are leased and thus there is no need to set up a local subsidiary. FMC Group takes over the entire organization, including recruitment. The employees are functionally managed by our customers and can be fully integrated into our customers’ existing central teams.
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