How To Register Llc 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.

How to register llc in egypt. Limited liability company minimum share capital. 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. 1000 egyptian pounds must be paid 100 in the bank before the institution of this type of company. Egypt company setup requirements allow llcs to engage in any commercial or industrial activity. 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.

In egypt llc can be 100 foreign owned. Every llc must maintain a registered office address in egypt to accept legal notices. 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. During incorporation the llc also has to register with the commercial registry and is under supervision of gafi. The company setting up a foreigner s llc usually provides their office address as the official registered address for the llc.

A counter is available at the gafi. A certificate of eligibility including the official government stamp will then be issued. First of all you are required to register your company at the local register of commerce. At business setup our clients must appoint i at least two shareholders and ii at least one manager who must be an egypt citizen. 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.

Note that fees of 25 egyptian pounds apply. Ecp version of procedures for starting a capital company in egypt. This type of entity limits the stockholders to a particular number of shares. 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. Once the name is approved by the registrar the name of the company is reserved for 10 days.

Taxes egyptian resident companies are taxed on their global income.