Who among us doesn’t think about establishing his own project that generates a distinctive profit, and is the source of his entry into the world of trade and investment, so that, establishing a one-person company in Egypt nowadays is one of the most important steps taken by entrepreneurs to achieve their dreams and commercial goals, but it is not that easy, as it is subject to special laws and regulations and therefore no individual or group can establish a company on their own and practice commercial activity in Egypt without being subject to these laws, which requires the help of the expert lawyers in order to establish, establish and register these companies in the correct legal way.

Features of a one-person company

Establishing a one-person company in Egypt has some advantages and positives that are unique to this type of company, the most prominent of which are the following:

  1. It is one of the forms of companies that is suitable for new projects, and its owner can earn a lot of money and gradually expand his business activity, until it merges with some other entities.
  2. The person in charge of the company can make important decisions with ease because he is in charge of the entire administrative aspect, and there are no restrictions that may be imposed on him and he has all the powers.
  3. The existence of this type of company reduces exposure to fraud because it prevents fictitious companies.
  4. If the company owner faces any problems or financial stumbles in his business and is exposed to bankruptcy, he only loses his capital, but his private money remains safe, because the financial liability of the owner of that type of company is separate from his private financial liability.
  5. It is possible to convert a one-person company into a company, unlike a sole proprietorship.

The conditions and procedures for establishing one person company

There are some important conditions and procedures for establishing a one-person company in Egypt, including the following:

  1. An application shall be submitted by the founder or his representative to the General Authority for Investment and Free zones.
  2. The founder is one person, either natural or legal.
  3. The one-person company is established by articles of association, which includes the company’s name, purpose, the founder’s data, duration, the Company’s management, director’s name, the address the of headquarter and branches if any, its capital, the auditor’s name and address, the legal adviser’s name, the liquidation rules and any other data determined by the Executive Regulations of the Companies Law No. 159 of 1981 and its amendments.
  4. One person company acquires its legal personality from the date of registration in the commercial register and registering the Article of Association in the Notary Public, any actions or contracts undertaken by the founder in the name of the company while it is under incorporation shall be binding on the company after its incorporation, if such actions are necessary for its incorporation.
  5. The minimum capital of one person company is one thousand Egyptian pounds according to the amendments of the Companies Law, and the shares of the company cannot be tradable, and offer to public subscription either upon incorporation or increase of the capital.
  6. One person company cannot issue or lending any type of securities, moreover, the company cannot carry out insurance business, receive deposits, savings, or invest funds for the benefits of others.
  7. In the event that the founder of the company disposes of all or part of the capital to a natural or legal persons the founder shall undertake all the procedures of amending the company’s data and its annotation in the commercial register and to reconcile the legal status of the company in accordance with the Companies Law and the procedures.

Because establishing companies is not a simple matter, “Consortio Law Firm” is among the most important entities that entrepreneurs and businessmen seek help from when establishing companies, and they are considered among the best.

As the method of establishing a one-person company in Egypt differs from other companies, and the “Consortio Law Firm” implements all procedures to reduce time and effort for clients, which makes it an effective partner and an indispensable assistant in establishing companies, to ensure their compliance with the strict laws and regulations that govern their work.

We have provided many services that will help you bypass the incorporation stage and achieve the financial success you seek.

Contact Us Now for more information via the phone number 002 01028806061 or via WhatsApp or email Info@consortiolawfirm.com.