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Sharm El Sheikh, Egypt πŸ‡ͺπŸ‡¬

#245 ,
Nomad Score: 61%

Essentials

πŸ™οΈ City Sharm El Sheikh is a popular resort city located in Egypt, known for its stunning beaches, coral reefs, and warm climate.
πŸ‘₯ Population Approximately 35,000 residents, with a largely international community due to tourism.
πŸ’» Internet Speed Average internet speed is about 20 Mbps, with some cafes and coworking spaces offering higher speeds.
πŸ’Έ Currency & Banking 1 USD β‰ˆ 29.60 EGP. ATMs are widely available, and major credit cards are accepted.
🚰 Tap Water Not drinkable; bottled water is recommended.
πŸ”Œ Power Electicity is 220V, 50Hz, with Type C and F sockets.
πŸ“Ά SIM Card Local providers include Vodafone Egypt, Orange, and Etisalat, with good coverage and affordable data packages.
πŸ’³ Banking for Expats International banks available, including HSBC and local banks that accept major cards.
πŸ›Œ Accommodation Options include hotels, resorts, and rental apartments through platforms like Airbnb and Booking.com.
πŸ’³ Cashless Friendly Yes, cards are widely accepted in resorts and shops.
🏠 Short Term Rentals Airbnb and local agencies offer a variety of short-term rental options.
πŸ›οΈ Budget Accommodation Hostels like Aloha Sharm and budget hotels starting at about $10 per night.
πŸ™οΈ Best Area to Stay for Tourists Naama Bay is the most popular area for tourists, with easy access to beach activities and nightlife.
πŸ™οΈ Best Area to Stay for Digital Nomads Sharm El Maya area is preferred for long-term stays, offering a quieter atmosphere and local amenities.

Working and Networking

🏒 Best Coworking Space The Hive Sharm provides a good environment with fast internet and networking opportunities.
β˜• Best Cafe for Work CafΓ© Moka offers a relaxed atmosphere with good coffee and Wi-Fi.
πŸ’Ό Networking Events Frequent expat meetups can be found on local Facebook groups, such as Sharm El Sheikh Expats.
πŸ₯‚ Social Events for Expats The Sharm International Community Group organizes various social events and gatherings.

Transportation

πŸš• Best Taxi/Ride App Careem offers reliable rides and cashless payments.
🚲 Bike/Scooter Rental Local shops provide scooter and bike rentals for beach exploration.
πŸ–οΈ Best Beach Nearby Shark's Bay is known for its stunning coral reefs and clear waters.
✈️ Top Regional Airline EgyptAir operates frequent domestic flights to Cairo and Hurghada.
✈️ Top International Airline Air France and British Airways have regular flights to Europe.
πŸ›£οΈ Highway Access The roads are well-maintained, providing easy access to neighboring cities and resorts.
πŸš‰ Main Train/Transit Hub There are no trains; most transport is via taxis and buses.
🚍 Public Transport Passes Buses operate between popular tourist spots, but no specific transit passes available.
✈️ Regional Travel Buses and shared taxis are available for travel to nearby towns and attractions.

Health and Wellness

πŸ₯ Best Hospital Sharm International Hospital offers good medical services for residents and travelers.
🧘 Yoga & Wellness Centers Yoga Sharm offers yoga classes and wellness retreats regularly.
πŸ‹οΈ Gyms & Fitness Centers Fitness centers like Gold's Gym and private hotels provide workout facilities.
🧺 Laundry Services Various laundry services are available, including Express Laundry and local laundromats.

Food and Drink

πŸ“± Best Food Delivery App Otlob is a popular choice for food delivery from local restaurants.
🍽️ Best Local Dish to Try Try Koshari, a traditional Egyptian dish available at local eateries.
🍱 Vegan/Vegetarian Options Restaurants like The Blue Fountain offer a range of vegetarian and vegan dishes.
🍫 Best Dessert Spots L'Oriental and El Masry offer delicious local desserts like Basbousa.
πŸ›’ Affordable Shopping Spots Local markets, such as Old Market, feature fresh produce and local goods.
πŸ›’ E-commerce/Online Store Jumia Egypt is a popular online marketplace for various goods.
πŸ›’ Grocery Delivery Grocery stores like Carrefour and Spinneys offer delivery services.
🍸 Bar/Nightlife Area Naama Bay has numerous bars and clubs with vibrant nightlife.
🍻 Local Brewery Local beers are available but there are no major breweries; imported brands are common.
🍷 Wine Bars Local wine selections can be found at upscale restaurants and hotels.
🍲 Street Food Stalls A variety of street food is available near the Old Market.
πŸ• Popular International Cuisine Many restaurants in Naama Bay serve international cuisine, including Italian and Chinese.

Culture and Attractions

🎟️ Must-See Landmarks Visit the Ras Muhammad National Park for its stunning natural beauty and marine life.
πŸ›οΈ Museums & Art Venues The Sinai Museum offers insight into the local heritage and history.
🏰 Historical Sites Visit the historic St. Catherine's Monastery, a UNESCO World Heritage site.
πŸ• Religious Sites Saint Simon Monastery is notable for its unique architecture and serene atmosphere.
πŸŽ‰ Annual Events The Sharm El Sheikh Film Festival is a notable event attracting international filmmakers.
🎨 Cultural Districts Old Market provides a glimpse into local life and culture with its shops and cafes.
🎭 Theater Venues Theater performances are generally available in major resorts or during festivals.
πŸ›οΈ Local Markets The Old Market is recommended for shopping and experiencing local culture.
🎼 Music Scene Live music can be found at various resorts and venues, particularly in Naama Bay.
🎨 Street Art Art murals and installations can be found in some of the newer resorts.
πŸ§‘β€πŸ³ Cooking Classes Local cooking classes are available for tourists interested in Egyptian cuisine.
πŸ‘©β€πŸŽ¨ Art Galleries Visit the local galleries in Naama Bay showcasing Egyptian art.
πŸ•°οΈ Historic Buildings Traditional architecture can be seen throughout the Old Market area.
🏴 Local Heritage The Bedouin heritage is prominent, with cultural displays and experiences available.

Nature and Outdoor Activities

πŸŒ… Nearby Nature Escapes Dahab is a short drive away for beautiful beaches and diving spots.
🏞️ National Parks Nearby Ras Muhammad National Park is a top destination for diving and snorkeling.
🚲 Cycling/Walking Paths The promenade along Naama Bay is ideal for walking and cycling.
πŸŒ„ Scenic Viewpoints The view from Mount Sinai is breathtaking, especially at sunrise.
πŸ¦‰ Birdwatching Locations Near Nabq Protected Area, birdwatching opportunities can be found.
πŸ”₯ Bonfire-Friendly Spots Designated areas at beaches and campsites allow bonfires.

Other Services and Amenities

πŸ“¦ Parcel Delivery Service Local courier services available through companies like DHL and Aramex.
πŸ› οΈ Tech Repair Services Local repair shops in Sharm El Sheikh can handle electronics and mobile repairs.
πŸ“ Table Tennis Spots Some resorts offer table tennis facilities.
πŸ§‘β€πŸ« Language Classes Language schools provide Arabic classes for expats.
πŸ“š Libraries & Study Spots Limited libraries; best study spots found in cafes and hotels with Wi-Fi.
🏘️ Community Centers Community events are hosted in various resorts and hotels.
πŸ•ΉοΈ Gaming Lounges Limited gaming lounges; most gaming culture exists in home settings or hotels.
🎰 Casino & Gaming Halls Gaming is limited; most entertainment revolves around hotels and resorts.

Business

🏒 Studio Purchase Price (City Center) Approx. $1,200 per m² (e.g., 40 m² = $48,000)
🏒 Studio Purchase Price (Outside City) Approx. $900 per m² (e.g., 40 m² = $36,000)
🏠 1-Bedroom Purchase Price (City Center) Approx. $1,600 per m² (e.g., 60 m² = $96,000)
🏠 1-Bedroom Purchase Price (Outside City) Approx. $1,200 per m² (e.g., 60 m² = $72,000)
🏑 2-Bedroom Purchase Price (City Center) Approx. $1,500 per m² (e.g., 80 m² = $120,000)
🏑 2-Bedroom Purchase Price (Outside City) Approx. $1,100 per m² (e.g., 80 m² = $88,000)
πŸ’Ό Corporate Tax 22.5% for corporations.
πŸ’΅ Dividend Withholding Tax 10% for foreign shareholders.
🏦 Tax System Residency-based taxation system for residents.
πŸ“ˆ Highest Income Tax Bracket 25% for income above EGP 400,000.
🧾 VAT Standard rate is 14%.
🌐 Controlled Foreign Company (CFC) Rules Yes, applies to foreign corporate entities.
🏠 Property Tax Property tax rates apply based on value.
🏠 Property Transaction Tax Approximately 3% of property value.
πŸ’» Attractive Tax System for Digital Nomads Non-residents are only taxed on income generated in Egypt.

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