How To Register Llc In Egypt

The minimum share capital is set at 50 000 egyptian pounds and can be drafted in a bank account as soon as the company has been set up.

How to register llc in egypt. Egypt company setup requirements allow llcs to engage in any commercial or industrial activity. A limited liability company llc in egypt can be registered through the general authority for investment and free zones gafi considering the provisions of the corporate law since 1981. At business setup our clients must appoint i at least two shareholders and ii at least one manager who must be an egypt citizen. The name of the company in egypt is generally derived from the object of the company and it must end with or include somewhere limited liability company or an appropriate abbreviation. Every llc must maintain a registered office address in egypt to accept legal notices.

During incorporation the llc also has to register with the commercial registry and is under supervision of gafi. A counter is available at the gafi. The company setting up a foreigner s llc usually provides their office address as the official registered address for the llc. In egypt llc can be 100 foreign owned. 1000 egyptian pounds must be paid 100 in the bank before the institution of this type of company.

Conditions for opening an llc in egypt an llc in egypt can be formed by at least two stockholders regardless of their nationality because such business entity can be entirely owned by foreigners. Note that fees of 25 egyptian pounds apply. At least 2 partners the founders may be foreign persons each parent is liable to the extent and in the amount of a deposit in the share capital of the company. Given the assumption of starting a limited liability company the entrepreneur would register the company at general authority for investment and free zones gafi under law 159 year 1981. A certificate of eligibility including the official government stamp will then be issued.

Taxes egyptian resident companies are taxed on their global income. Ecp version of procedures for starting a capital company in egypt. However the said branch must be registered with the competent commercial registration office which registration usually takes up to three 3 working days. In order for a foreign company to open a branch in egypt such foreign company must be awarded a contract such as a construction contract for carry out specific scope of work in egypt. Limited liability company minimum share capital.

Once the name is approved by the registrar the name of the company is reserved for 10 days.