Foreign entrepreneurs wanting to open a company in Egypt are invited to explore this article with information about the business climate in this country. Plus, our local specialists with experience in company formation in Egypt can provide in-depth assistance, recommendations, and representation in a wide range of procedures.
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Types of companies you can set up in Egypt
These are some of the main company types available in Egypt, from which foreign and local entrepreneurs can choose according to their business needs:
- the limited liability company (Sharikat Mahdūdah al-Mas’ūliyah) is the most popular business structure in Egypt. Although there is no minimum share capital imposed, in practice, EGP 50,000 is the most recommended. Entrepreneurs can also deposit EGP 1,000 as initial capital for an LLC in Egypt;
- the joint stock company in Egypt (Sharikat Musahama) is another proper business option for international entrepreneurs. EGP 250,000 is the minimum share capital required;
- the sole proprietorship in Egypt is the one-person company (OPC or Sharikat al-Shakhs al-Wahid) that can be set up with a minimum capital of EGP 1,000;
- branches & subsidiaries are also available in Egypt. These are normally great options for large enterprises from abroad;
- a liaison office in Egypt is dedicated to those wanting to carry out marketing & advertising activities to test the local market;
- limited & general partnerships in Egypt are suitable for various types of foreign entrepreneurs.
Ready to set up a company in Egypt? You can find out more details about the existing types of companies in this country from our local experts.
Procedures to incorporate an LLC in Egypt
The limited liability company in Egypt is the most appealing business entity that can be easily established, considering the following matters:
- the registration starts with the name verification and reservation done with the Commercial Registry in Egypt, which is the General Authority for Investment and Free Zones (GAFI);
- the Articles and Memorandum of Association must be certified before submission to GAFI in Egypt;
- the company representative/agent must file a standard form with details about the future business. Proof of office lease will also be needed;
- the tax registration in Egypt is mandatory for an LLC. A tax ID will be issued;
- once the company is incorporated, the limited liability company can have a corporate bank account in Egypt.
These are some of the requirements and formalities for setting up an LLC in Egypt. Tailored services and guidance in company formation in Egypt can be provided by our specialists.
Reasons to make investments in Egypt
There are many reasons to develop your business portfolio in Egypt. While a wide range of investors choose Egypt for its diverse economy and various business opportunities, others want to take advantage of the massive market. Here are some facts to consider when investing in Egypt:
- the strategic geolocation between Africa and Europe allows investors to expand their operations in a fast way. Here, the infrastructure plays a major role;
- with a population of more than 100 million, Egypt is an appealing business market for foreign investors;
- entrepreneurs investing in sectors like renewable energy, industry, or in specific regions of Egypt can benefit from special tax deductions of up to 50% as investment incentives;
- 22.5% is the corporate income tax in Egypt.
Interested in more about the company formation in Egypt? You may contact our experts in company incorporation in Egypt and discover the key services that you can benefit from in the business climate as a foreign entrepreneur. We also provide free case evaluations to our new customers.