Comment: After incorporation, the company can complete the tax registration and receive the tax card at the tax counter of the one-stop shop. Upon receipt of the card, the company can register for VAT as long as it has started production. Companies are only required to register for VAT when they have at least 54,000 EGP in turnover for industrial activities and 150,000 EGP for commercial activities. Your company`s auditor must be registered in the Register of Auditors and Auditors. A certificate is then issued. The limited liability company (WLL) comprises at least two associated companies whose liability is limited to the amount of their contribution. A minimum capital of 50,000 Egyptian pounds is required. The total amount must be released during the articles of association of the company. If you are interested in starting a business of any kind and have business in Egypt, we can help you at Mohamed Nasser Law Firm.

A full-service law firm that aims to provide our clients with distinctive quality services and innovative law. We have professional business law advisors in the areas of law, including corporate mergers and acquisitions legal services in business law our areas of activity, including companies, we have a long list of startups and companies founded by Mr. Mohamed Mostafa Nasser in Egypt and the Middle East. Assuming the formation of a limited liability company, the entrepreneur would register the company with the General Authority for Investments and Free Zones (FATF) in accordance with Law 159 (year 1981). After 15 days, the Company assumes legal responsibility and legal personality. Within 15 days, if the competent authority has no objections, the companies department is then responsible for publishing the notice of incorporation in the investment statement at the company`s expense. (Note: This applies to companies under Bill 159. Under Law 8, the company acquires legal personality on the same day of registration.) The founder deposits the company`s documents at the reception, where they are immediately checked by a lawyer. The documents to be reviewed are as follows: The General Authority for Investments and Free Zones is the main regulatory authority responsible for establishing the most common types of enterprises in Egypt.

The Companies Act No. 159 of 1981, the new Investment Law No. 72 of 2017 and the Capital Markets Act and its implementing provisions are the applicable laws that regulate and manage the company from its inception until its dissolution. It can be a private company or a publicly traded company. The company must have a trade name derived from the purpose of its incorporation. The company`s business name must include the name or title of one or more of its founders. The impact on the investment environment for investors, startups and small businesses looking to invest and start a business in Egypt, rather than this environment, will expand investment opportunities and provide the necessary security. 1 – The company of a person can only be constituted by a natural or legal person.

Thus, if the number of founders or partners is greater than one, it is not a one-person business, but a different type of business. An Egyptian limited liability company is a private company in which the liability of each of its partners is limited to the value of their shares in the company. The foreign company must also appoint a manager of its nationality to represent the foreign company in Egypt. Egypt is a large company with a high population density of more than one hundred million people, it is located in the northeast corner of Africa and Southwest Asia. It borders the Mediterranean Sea to the north, Palestine to the east, Sudan to the south and Libya to the west. Determining the cost of your business plan is entirely based on your needs. You must therefore analyze your needs and identify your weak point that requires advisory help before making the purchase decision. The Companies Law No.

159 of 1981, the new Investment Law No. 72 of 2017 and the Capital Markets Law with their implementing provisions and adaptation are the applicable laws that regulate and manage the establishment of a company in Egypt from the beginning until its dissolution. This phase will cost you between 10000 and 15000 EGP depending on the type of industry and the budget. Note that there are several fees for the following: notary, formalities, syndicate, publications, chamber of commerce, commercial register, etc. In total, you will need an average of 2,600 Egyptian pounds. However, this amount is likely to vary depending on the type of business and its capital. 2 – A person`s business is established with a request from its founder or representative to the Authority. The single-member company has its internal regulations, which include its name, its purposes, the data of its founder, the duration, the way in which it is managed, the address of its registered office, its branches, the amount of its capital and the rules of liquidation of the company. And all other data set out in the Executive Regulation. After the creation of the company, it can be registered with the tax office at the FATF.

The application is then forwarded to another office in Cairo for printing. If you completed these formalities before noon, your tax card will be issued the same day. Otherwise, you will have to pick it up the next day. The following documents must be submitted: Note: The certificate is issued by the Commercial Register. With the new Sakhr ARC system, the certificate is effectively issued. The CRA`s current system only checks for the availability of the name, but does not reserve it. The new system will allow us to properly implement the Business Names Act. The law states that the name must be unique, so the CRA should verify against all registered corporations. They don`t do it now, and they don`t reserve a name. The new system reserves the name for 30 days sufficient to register the company. Comment: The FATF employee receives the certificate from the Chamber of Commerce (because the company is subject to Law 159) on behalf of the customer and makes it available to the customer.

The fee will be collected in Step 2. A public company activity that, like any other business entity, is carried out by applicable laws and regulations. In order for a foreign company to open a branch in Egypt, that foreign company must obtain an order, such as a construction contract, to perform a certain amount of work in Egypt. The cost starts between 15000 and 20000 EGP depending on the number of regulations you need. 4 – In the event that he has transferred the entire capital to another natural or legal person, the founder of the single-member company takes measures to modify the company`s data and the commercial register within a maximum period of three months from the date of the sale in accordance with the procedures and rules provided for by the regulation. In any case, the act is not enforceable against third parties, except from the date of entry in the commercial register. 3 – The capital of the company is paid in full when the company is incorporated. The average cost of this part is between 15000 and 25000 EGP, depending on the type of industry, the number of competitors and the volume of data you need. Therefore, it affects the cost of your business plan. Finally, you need to register your business with the Social Security Office. Start by creating a business file that you`ll fill out every time you hire employees.

The following documents must be submitted: The public limited company is a public limited company in which at least three partners have a stake, whose liabilities are limited to the amount of their contribution. A minimum capital of 250,000 Egyptian pounds is required. Half of this amount should be released when the company is set up. In the case of a public offering, a minimum capital of 500,000 Egyptian pounds is required. Only a quarter of this amount is released in the Constitution. The instrument of incorporation is issued by the FATF once it has validated the company`s articles of association. This document will be issued within 24 hours. You must then apply for an operating certificate from the Chamber of Commerce. After that, you must officially register the company in the commercial register. The foundation notice will then be published in the Official Journal by the Enterprise Division within 15 days if no objection is raised.

The main characteristics of each company are presented as follows: LLC corresponds to the French limited liability company (S.A.R.L.), is like a registered partnership or a closed American company or a British limited liability company. Note: According to our research, neither bank signature authentication nor the company lease is required. Source: VAT administration website. What is the source of the bank? In addition, the tax administration requires a list of the company`s branches and their activities/objectives. The costs of business plans are an issue that bothers many of us.