Egypt offers a vibrant and growing market for entrepreneurs, as with its rich history and promising market offers abundant opportunities for entrepreneurs looking to start their own businesses. with a strategic location, a large consumer base, a growing economy and supportive regulatory framework, Egypt provides an attractive environment for both domestic and international investors. Understanding the necessary regulatory requirements as Licensing and permits for firms in Egypt is crucial for successfully launching and operating your business.

Eligibility for Licensing and permits for firms in Egypt

The establishment of Egyptian companies and their economic activities are regulated by various laws, such as the Companies Law (Companies Law No. 159 of 1981), the Investment Law (Investment Law No. 72 of 2017), the Commercial Law (Capital Markets Law No. 95 of 1992) and others, which made there are conditions that must be considered before establishing a business in Egypt.

To be eligible for licenses and permits in Egypt, the following criteria must usually be met:

  1. The Firm name should be unique and shouldn’t be identical to any extant firm name.
  2. The individuals or entities registering the firm should possess the legal capacity to enter into contracts and conduct business.
  3. The firm should have at least a capital as per Egyptian commercial law, i.e. EGP 30,000 for a limited liability company.
  4. The firm should have at least one shareholder & one director who is responsible for the management of the company.
  5. The firm should have a registered office in Egypt where official correspondence can be sent.
  6. The firm’s business activities must comply with the laws and regulations in Egypt.
  7. Foreign ownership of a firm in Egypt is allowed and is subject to certain regulations, such as obtaining a work permit for foreign directors and shareholders.
  8. It’s crucial to remark that some eligibility criteria may vary depending on the company structure you choose while doing company registration in Egypt.

Documents required for firm license in Egypt

The documents required for firm license in Egypt vary depending on the type of company and the specific registration requirements.

Generally, the following documents are needed for licensing and permits for firms in Egypt:

  1. Copies of the ID or passport of the shareholders
  2. Articles of Association
  3. An original copy of the commercial registration certificate issued by the Ministry of Trade and Industry.
  4. An original copy of the Tax card issued by the Egyptian Tax Authority
  5. VAT number issued by the Egyptian Tax Authority
  6. For foreign nationals, a work permit issued by the Ministry of Manpower
  7. A notarized copy of the company’s articles of association
  8. Company’s bank account statement for the deposited capital

It is essential to note that the specific document requirements can vary depending on the type of company structure and the industry it operates.

“Consortio Law Firm” always you best choice for successful business in Egypt

Egypt has miraculously transformed itself from a nation struggling with political and civil unrest to a rapidly growing economy. It offers investment opportunities in various sectors. However, the business environment is still complex, as starting a business in Egypt involves navigating various legal and regulatory frameworks, which requires help from experts in the field to guide you in setting up business in Egypt.

“Consortio Law Firm” guides you towards the right legal direction to start a successful investment business in Egypt, where its skilled lawyers and consultants provide the necessary assistance to know and complete all licensing and permits for firms in Egypt, ensuring compliance and facilitating successful business operations in Egypt.

If you have any queries related to the Process, feel free to contact us through the phone number 002 01028806061 or via WhatsApp or email Info@consortiolawfirm.com. We will provide you with immediate help.