The Commercial Registry in Egypt is in charge with the company registration in the country, whether made by local entrepreneurs or foreign investors who want to enter the market. The process starts with a name reservation at the General Authority for Free Zones and Investments (GAFI), an institution part of the Commercial Registry. When preparing the documents for your new company, you can solicit help and guidance from our company formation agents in Egypt who have a wide experience in this field among many others.
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Information about the Commercial Registry in Egypt
The Commercial Registry in Egypt is in charge with registering limited liability companies, joint stocks, foreign branches, representative offices in compliance with the provisions of the Corporate & Commercial Law and the Egyptian Investment Law. There are several types of documents necessary for company incorporation with the Commercial Registry in Egypt, and once accepted, the authority will issue the unique identification number of the enterprise. Please consider that the Commercial Registry in Egypt accepts the name of the company as soon as it has been admitted by the GAFI. Among the responsibilities of the Commercial Registry in Egypt, we remind the following:
- administrates the commercial registries of companies in a computerized system;
- issues certificates and attestations on request;
- simplifies the formalities in document matters.
In addition to the information mentioned above, you can rely on our specialists in company formation in Egypt for support and guidance.
How to register a limited liability company in Egypt
A limited liability company in Egypt is one of the most preferred and suitable business forms for entrepreneurs worldwide, as it can be 100% foreign owned. Such entity can be registered with the Commercial Registry in Egypt, at the GAFI department, if the following requirements are fulfilled:
- the Articles of Association and the Memorandum are prepared;
- the board of directors is appointed;
- information about the shareholders of the company is offered;
- details about the business address is provided;
- information about the minimum share capital of 1,000 Egyptian Pounds is offered.
GAFI in Egypt will verify if all the conditions have been met and then will issue the registration number of the company. The next step in opening your business in Egypt is to apply for tax purposes and other mandatory social contributions. Please keep in mind that companies with activities in Egypt are subject to a corporate tax rate of 25%.
Foreign investors willing to start their activities in Egypt must comply with the conditions of company formation and the legislation in this matter. Please feel free to contact our team of company formation agents in Egypt for complete support.