GSL / Offshore and International Law. Offshore companies registration. / Offshore zones / Egypt / Legislation of Egypt

Legislation of Egypt

Service packages Legislation Tax System Audit Services

List of laws and regulations

Act name
Scope of law
Companies Law
Companies
Income Tax Law
Income tax
Special Economic Zones (SEZ)
Special Economic Zones
Investment Law
Investments
Commercial Register Law
Incorporation
Anti-Money Laundering Law
Combating money laundering
Banking Law
Banks
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Tax treaties entered

Albania
Algeria
Austria
Bahrain
Belarus
Belgium
Bulgaria
Canada
China
Cyprus
Czech Republic
Denmark
Ethiopia
Finland
France
Georgia
Germany
Greece
Hungary
India
Indonesia
Iraq
Ireland
Italy
Japan
Jordan
Korea
Kuwait
Lebanon
Libya
Macedonia
Malaysia
Malta
Mauritius
Montenegro
Morocco
Netherlands
Norway
Oman
Pakistan
Palestine
Poland
Romania
Russia
Saudi Arabia
Serbia
Singapore
South Africa
Spain
Sudan
Sweden
Switzerland
Syria
Tunisia
Turkey
UAE
Ukraine
United Kingdom
USA
Uzbekistan
Yemen

Tax Exchange Information Agreement (TIEA)

List of state regulatory authorities

State Information Service
https://www.sis.gov.eg/
Parliament
http://www.parliament.gov.eg/Home.aspx
Ministry of Finance
https://mof.gov.eg/en
Tax Authority
https://eta.gov.eg/en/home
Customs Authority
https://www.customs.gov.eg/

Corporate info

Legal system
Islamic law
Types of entity
- Single-shareholder company;
- Joint Stock Company;
- Limited Liability Company;
- Partnership Limited by Shares;
- Branch;
- Representative Office
Shelf companies permitted
Yes
Incorporation timescale for a new company
4-5 weeks
Company suffix
The name must include the words ‘Limited Liability Company’
Sensitive words
—
Cyrillic alphabet permitted in company name
No
Local registered office
Yes
Local registered agent
Yes
Information to be kept at the registered office
Register of members
Seal required, type of seal
No special requirements
Redomiciliation (to, from) permitted
—

Director and secretary

Minimum number of directors
1
Residency requirements for directors
One of the managers must be a resident of Egypt (for some activities)
Corporate directors permitted
No
Directors’ meetings/frequency/location
No restrictions Disclosure to the
Disclosure to local agent
Yes
Disclosure to public
No
Company secretary required
No
Residency requirements for a secretary
No
Qualified secretary required
No
Corporate secretary permitted
No
Offers
Registration of a Branch of a Foreign Company in Egypt. Service offer

A branch of a foreign company can only be registered in Egypt to carry out a specific project in Egypt according to a contract made with any Egyptian entity, whet...

from USD 5

Buy
Registration of a branch in Egypt. Service offer

A branch of a foreign company can only be registered in Egypt to carry out a specific project in Egypt according to a contract made with any Egyptian entity, whet...

from USD 5

Buy

Shareholder and beneficiary

Minimum number of shareholders
2
Residency requirements for shareholders
No
Corporate shareholder permitted
Yes
Meetings/frequency/location
No restrictions
Disclosure to local agent
Yes
Disclosure to public
No
Beneficiary info disclosure to
No

Shares and share capital

Minimum authorized share capital
EGP 1 000
Minimum issued share capital
EGP 1 000
Minimum paid share capital
EGP 1 000
Authorized capital payment deadlines
On registration
Issued capital payment deadlines
On registration
Standard currency
EGP
Standard authorized share capital
EGP 1 000
Standard par value of shares
EGP 100
Shares with no par value permitted
No
Bearer shares permitted
No

Taxes

Personal tax
0-27,5%
Сorporate tax
22,5%
Corporate tax (in detail)
Corporate tax rate is 22,5%
Capital gains tax
22,5%
Capital gains tax. Details
Standard rate
VAT
14%
VAT. Details
Value added tax rate is 14%
Withholding tax
10% (dividend), 20% (interest), 20% (royalty)
Other taxes
Payroll tax, Real estate tax
Exchange control
No
Government fee
—
Stamp duty
0,1-10,08%

Accounts

Requirement to prepare accounts
Yes
Requirement to file accounts
Yes
Publicly accessible accounts
No
Requirement to file Annual Return
Yes
Publicly accessible Annual Return
No
Audit required
Yes

General information shortly

Location
North Africa and the Middle East (Sinai Peninsula) Total area
Total area
1 001 450 sq. km
Population
106 767 160 (2022)
Capital
Cairo
National currency
Egyptian pound
Conditional reduction of currency
EGP
Against USD
0,021 (2024)
Climate, average max and min t°
Primarily tropical desert climate. The diurnal temperatures differ quite significantly: the summer is very hot, with temperature as high as 50°C in the shade during the day, but much cooler at night.
Time difference from Moscow
- 1 hour
Dialing code
+20
State language
Arabic
Ethnic groups
Egyptians are the largest ethnic group (99,6%), along with Turks, Greeks, Arab Bedouins, Berbers and Nubian communities
Literacy rate
73,8% (2019)
History
—
Credit rating
B+
Government type
Republic
Executive branch
The head of state is the President. The head of Government is the Prime Minister
Legislative branch
The highest legislative body is the unicameral National Assembly. The lower House of Parliament - People's Assembly
Judicial branch
The supreme judicial body is the Supreme Constitutional Court
Unemployment
8,3% (2020)
GDP per capita rank
96 (2021)
Corruption perceptions index rank
33 (2021)
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