We can assist with the set up of an Limited Liability Company or Corporation in Egypt. It is possible to establish a 100% foreign owned company in Egypt.
We can assist with the following:
The management of a limited liability company may be assigned to one or more directors. The director(s) must be named in the Memorandum of Association and need not be a shareholder. A foreign owner, to be the sole director, must have a residence visa.
The company is incorporated once it is registered in the Commercial Register. The company must also maintain a Register of Shareholders at its Registered Office, which must contain the names, nationalities, domiciles and occupations of the shareholders, the number of shares owned by each shareholder, the sum paid by each and the assignment or transfer of shares and related relevant information.
The trade name of the limited liability company is usually derived from its objects, but may also include the name(s) of one or more of its partners. Additionally, the words 'Limited Liability Company' must be included in the name.
Only one director is necessary for your company.
Two shareholders are required for your Egyptian company with no restriction placed upon nationality or residence. The shareholder can be a person or a corporation.
The minimum share capital of a Limited Liability Company is 1000 EGP. The nominal value of the share cannot be less than 1000 EGP. 100% of which must be deposited into a bank account.
The minimum share capital of a Corporation is 300,000 EGP, 10% of which needs to be deposited into a bank account.
It is a legal requirement to have a registered office in Egypt where official documents of the company and correspondence may be legally served. It is a place where documents may be legally served on the company and where it is required to maintain a Register of Partners.
Egyptian Free Zones are regulated by the Investment Law. Most goods and materials imported to a Free Zone are not subject to import duties or customs regulations. Goods and materials exported from Egyptian Free Zones are also not subject to export duties or regulations.
A company formed to operate in a Free Zone is exempt from all Egyptian income taxes for an unlimited period. There are two types of Free Zones:
Public Free Zones : The Investment Authority has established public Free Zones in Alexandria, Suez, Port Said, and Nasr City. There is also a new Media City Free Zone, similar to that in Dubai.
Private Free Zones : These are established exclusively for a specific project or company.
Unfortunately, ready made companies are not permitted in Egypt.