Want to set up a firm in Egypt? We can assist you in starting a business or in buying a shelf company in Egypt with a full package of necessary documents, legal advice and follow-up support. Incorporation of a firm in Egypt includes provision of a registered office (for at least 1 year in any of our service plans), an apostilled set of constitutional documents, secretarial services and assistance with compliance fee and pre-approval for opening an account in banks of Egypt. The total price of company formation in Egypt includes all necessary fees and charges for the first year of operation, as well as full one-year nominee service (package Optimum).Expand description »
The establishment of Egyptian companies and their economic activities are regulated by various laws, such as on corporations (Companies Law No. 159 of 1981), on investments (Investment Law No. 72 of 2017), on commercial law (Capital Markets Law No. 95 of 1992) and others.
A foreign investor in Egypt will be interested in the following forms of doing business:
The registration body for companies and individual entrepreneurs in Egypt is the General Authority for Investment and Free Zones (GAFI) under the Egyptian Ministry of Investment.
The most common type of company registered in Egypt are Limited Liability Companies (LLC).
When registering a company in Egypt, the company name must be checked for availability.
The name of the LLC must derive from the company’s objectives and may include the name of one or more of its members/shareholders. The name must also include the words ‘Limited Liability Company’ (in accordance with the Ministerial Decision Implementing the Commercial Companies Law).
Incorporation of a limited liability company in Egypt includes the following stages:
1. Reserving the company name in the Trade Register (at least 3 names).
2. Obtaining a bank letter.
3. Certifying the necessary documents.
4. Registration of a company at GAFI. This will require submission on the following documents:
If the participant of the company is a legal person:
Most of the main documents must be in English and certified by the Egyptian Embassy.
5. Registration at the Egyptian Tax Authority.
6. Registration at the National Social Security Administration.
The timeframe for registering a company after providing all the necessary information, conducting an initial compliance check, agreeing on a final list of documents and paying the bill is about 5 - 7 business days.
Egypt is not a party to the 1961 Hague Convention (Apostille Convention), which abolishes the requirement of legalization for foreign official documents. Therefore, neither originals or copies of company documents cannot be apostilled.
It turns out, for the procedure of registration of a company in Egypt and the subsequent use of documents of the Egyptian Company in other countries may require legalization of documents. The legalization procedure takes place at the consulate of the country in which it is planned
A registered office in the country is mandatory.
There are no statutory requirements for Egyptian companies to have a seal.
Foreign companies and partnerships are regarded as resident in Egypt if they meet one of the following conditions:
Egypt is regarded as effective place of management if an entity meets any two of the following conditions:
The management of an LLC may be entrusted to one or more managers. However, for some activities at least one manager must be an Egyptian citizen (e.g. import or export for trade purposes).
Legal persons may not be managers of a limited liability company.
The name of the manager must be mentioned in the Memorandum of Association.
The manager may be appointed for a fixed term (which must be specified in the Memorandum of Association) or for an indefinite period. He must also have full authority to represent the LLC before third parties, unless such authority is limited or stipulated in the Memorandum of Association.
A Security Clearance must be obtained for a foreign manager, as well as Work Permit and Residence Permit.
Number of LLC members: the minimum is 2, the maximum is 50, each of which is liable only to the extent of the value of their share.
Participants can be both legal entities and individuals.
If the number of shareholders becomes less than 2, an LLC will be considered liquidated by law.
An LLC must also maintain a Register of Shareholders, which is kept at the head office. The Register specifies:
Egypt does not yet have a central public register of beneficial owners.
There is no minimum Authorized Capital requirement to incorporate a company, except for certain activities (e.g. import for trade).
A company with a capital less than 250,000 EGP is exempt from the obligation to distribute up to 10% of its of its dividends to employees, provided that this 10% does not exceed the annual total wages paid to employees.
In Egypt, it is possible to register a company in one of the special economic zones (Free Zone, Industrial Zone, Commercial Zone, etc.) in order to get Zone, Industrial Zone, Commercial Zone, etc., to take advantage of some of the tax breaks.
Free Zone is the ability to sell products for export only, not within Egypt. What is produced or imported is not subject to customs duty and VAT on exports (1%-3% annual VAT).
Industrial Zone - the ability to produce, export and sell in Egypt. What is manufactured or imported is exempt from customs duty and VAT on exports, only VAT on sales in Egypt is refunded.
There are no factories, workers or machinery in the Commercial Zone. No import of materials, no production.
Pricefrom 5 500 USD
(including incorporation tax and state registry fee)
Pricefrom 1 000 USD
(including registered address and registered agent)
DHL or TNT, at cost of a Courier Service
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Pricefrom 1 500 USD
Compliance fee is payable in the cases of: renewal of a company, liquidation of a company, transfer out of a company, issue of a power of attorney to a new attorney, change of director / shareholder / BO (except the change to a nominee director / shareholder)
simple company structure with only 1 physical person
additional compliance fee for legal entity in structure under GSL administration (per 1 entity)
additional compliance fee for legal entity in structure NOT under GSL administration (per 1 entity)