GAFI company incorporation in Egypt is managed through the Investor Service Center (ISC). This one-stop service platform, established by the General Authority for Investment and Free Zones (GAFI), makes it easier for investors to register their companies and obtain approvals. In this guide, we explain the process, capital requirements, statutory fees, and timelines for company registration in Egypt.
Phase I: Using the GAFI Electronic System
To begin, investors must create an account on the GAFI online portal. This system allows submission of documents and applications digitally, speeding up the incorporation process.
Prepare Foundational Documents: Draft the Articles of Association and contracts, including details like the company’s name, purpose, capital, and share structure. Make sure the company name is unique.
Obtain Regulatory Approvals: If the company’s activity is regulated (e.g., finance, health, energy), secure approvals from the relevant authorities before submission.
Authenticate and Submit: Partner signatures must be certified before electronic submission.
Pay Fees Online: All incorporation fees must be paid electronically in one transaction.
Phase II: Registering Capital in Egypt
Capital contributions can be in cash or in-kind. Companies may set capital in convertible foreign currency, provided the subscription and payments are made in that same currency.
A. Cash Contributions (SAs and LPSs)
10% Minimum: Each subscriber pays at least 10% of cash shares upon establishment.
25% within Three Months: Payments must rise to 25% of share value within three months.
Balance within Ten Years: The remaining capital must be fully paid within ten years.
B. In-Kind Contributions
Full Payment: In-kind contributions must be fully paid upon incorporation.
Valuation by GAFI: A specialized committee evaluates contributions.
Timeline: The committee delivers its valuation report within 60 days.
Approval: The General Assembly must approve the valuation by two-thirds majority of cash shareholders (excluding contributors of the in-kind assets).
Phase III: Fees and Legal Status
Authentication Fees: 0.25% of paid-in capital, capped at EGP 10,000.
GAFI Service Fees: 0.1% of capital, with a minimum of EGP 1,000 and maximum of EGP 10,000.
Once all steps are completed, GAFI issues an establishment certificate. The company is entered into the Commercial Registry and gains legal personality 15 days after registration, unless GAFI specifies an earlier date.
Other articles:
The Ultimate Guide to Egypt Company Incorporation with Consortio
Company Incorporation in Egypt
Company Incorporation Egypt (Part 2)
Egypt Investment Law 72 of 2017
Conclusion
The GAFI company incorporation process in Egypt is designed to be efficient, transparent, and secure. With online systems, structured capital rules, and capped fees, investors can establish their businesses with confidence. Understanding these steps helps avoid delays and ensures compliance with Egyptian investment law.
If you’re looking to start your company in Egypt with confidence, Contact us Today to find more details via the phone number +20 01028806061, WhatsApp, or email info@consortiolawfirm.com.