Egypt is currently distinguished by its great ability to attract all foreign investments, due to its distinguished geographical location between the Middle East countries and the countries of the world as well, in addition to providing a strong investment and economic environment, which will certainly enhance economic growth and attract foreign investment, therefore, everyone who wants to invest in Egypt needs to know the conditions for establishing a foreign-owned company in Egypt, which the Egyptian government has provided to foreign investors in order to build strong investments and create sustainable interactive relations between countries.

Can a foreigner establish a company in Egypt? and what are the main conditions?

Certainly, the Egyptian Companies Law currently allows foreign investors to establish a company in Egypt, but each type of company has its own conditions that are determined based on the type of company chosen and the size of the project, in addition to the total size of the capital and shares that are participating in the Egyptian commercial market, so foreign investors must abide by the legal procedures and conditions imposed to establish a foreign-owned company in Egypt.

Here are the most important of those important legal conditions and procedures in the following points:

  1. Foreign companies must obtain an investment license from the General Authority for Investment and Free Zones before starting their activities in Egypt, as this system facilitates the incorporation procedures and determines the obligations and privileges.
  2. The foreign company must submit the required and approved documents for registration in the Egyptian Companies Registry.
  3. The registered capital of the foreign company incorporated in Egypt must be in foreign currency and entered into the company’s accounts registered in Egyptian banks.
  4. Foreign companies must comply with Egyptian tax laws and submit the necessary financial reports.

The most important documents required for the process of establishing a foreign-owned company in Egypt are the following points:

  1. A copy of the power of attorney for each person involved in the establishment of the company in Egypt.
  2. A company memorandum of association that contains the nature of the commercial activity on which the company will be based after the work of documenting the real estate registration and incorporation by an agent.
  3. The passport of all partners or a copy of the identity card, (in the event that one of the participants in the establishment of a company is an Egyptian national, his national number is attached).
  4. A copy of the card of the Bar Association, from which a corporate lawyer was appointed to ratify the Memorandum of Association.
  5. A sample of the security inquiry about the partners of the establishment of a company of persons (i.e. if the type of company is one of the companies of persons).
  6. Copies of valid ID cards for all partners, with the original card required to view them.

Depending on the type of company and the nature of the business, the documents required to establish a foreign-owned company may vary in Egypt, and obtaining some approvals determined by each body to which the company belongs, and this is what made “Consortio Law Firm” your ideal guide to guide you towards establishing a foreign-owned company in Egypt, where lawyers and consultants provide all the resistances that contribute to facilitating legal procedures.

To request our special services, feel free to contact the team now through the phone number 002 01028806061 or send us a WhatsApp or email Info@consortiolawfirm.com.