Understand the Jurisdictions Setup Requirement Before Proceed Your Egypt Company Formation
3E Accounting helps clients all over the world to incorporate optimal corporate structures in different countries around the globe. If you are thinking about registering your company in the nation, then we are happy to let you know that we can help you with fast and reliable Egypt company formation and business registration services so that you can have your investment vehicle up and running in no time.
We are a team of seasoned lawyers, accountants, and tax experts, and we will have you covered in all the aspects of business registration. We are affordable and will always be available to have all your questions and concerns addressed throughout the incorporation process.
About Wholly Foreign-owned Entities
It is possible to have 100% foreign-owned companies in Egypt, but only in a few selected industries. These include maritime transport, electronics production, software design, real estate, mining, and tourism. Starting businesses out of these industries will need approval from authorities, and they cannot be 100% foreign-owned. If you are not sure whether or not the company you are interested in starting may qualify for 100% foreign-ownership or it may fall in between, feel free to get in touch with us. We will advise you appropriate and also advise you on the specific corporate structure you should go for.
Types of Business Entities in Egypt
Here is a brief overview of some of the business entities you may register in Egypt-:
Limited Liability Company
Limited Liability Company is a common entity used by both locals and foreigners to start companies in Egypt. With an LLC, businesses in Egypt can engage in any industrial or commercial activities. To set up an LLC, there have to be at least two shareholders, and one of them must be an Egypt citizen. Though there is no minimum capital requirement to incorporate an LLC, you must have a paid-up capital share of at least $1000.
Joint Stock Company
A joint stock is another consideration for those interested in Egypt company formation. To set up a joint stock company in Egypt, a minimum of three shareholders and a capital of US$36,000 is necessary for a closed joint stock company. Meanwhile, US$2,900,000 is the startup capital requirement for a listed company. Any JSC in Egypt is free to carry out business activities. However, they must operate within the confines of the law.
Foreign Branch Office
Foreign companies interested in starting operations in Egypt may also set up a branch office as they gear up to begin full operations. Branch offices are free to engage in industrial, commercial and financial activities and they must have their financial books audited by qualified Egyptian auditors.
These can be 100% foreign-owned, but they cannot conduct activities that direct sales or generate profit in Egypt. According to the law, they can only establish businesses such as market research and advertising.
How We Can Help
We have the experience and the expertise to help you incorporate any of the above business entities. We will:
- take care of all the paperwork
- help you with shareholder/director nomination
- advise you on tax optimization
- ensure compliance with both local and national authorities
Contact us now and find out more about how we can help with your Egypt company formation.