Due to its strategic location, Egypt is one of those countries which is highly favored for investment purposes. Egypt offers great investment environment which has attracted many investors whether big or small to establish a company in Egypt. Egypt offers wide range of options to choose from as far as types of business structure is concerned, and the business entities can choose the appropriate structure that suits their need. Many always dream of establishing a limited partnership in Egypt, in light of the progress and prosperity experienced by the various fields of industry and trade within the Egyptian market, but often the procedures stand in a strong way to achieve this, so they worked hard to know the steps to establish a Limited partnership company in Egypt, in addition to the papers and documents required to complete the task successfully.

What Is a Limited Partnership company?

A Limited Partnership is a business entity that consists of one or more General Partners and one or more Limited Partners. A General Partner may be an individual or an entity, such as a corporation, that is responsible for daily management of the company. A limited partner on the other hand is not involved in business operations and has no obligations to manage or make business decisions.

This type of business entity may be best suited for those who desire to pool their funds together to create a company, but who are not all interested in running the day-to-day affairs.

The limited partnership business structure is often used as a vehicle for individuals who pool their money to invest in real estate or other assets.

Steps to Establish a Limited Partnership Company in Egypt

It has become easy to establish a limited partnership company in Egypt, thanks to the amendment of the law of the establishment and establishment of limited partnership companies in Egypt, which gave it many advantages and customs exemptions, if it is subject to the Investment Law No. 72 of 2017 and to the establishment of a limited partnership in Egypt, the incorporation procedures should be followed, which are:

  1. The founding persons of the company write the contract, which bears the form that was previously agreed upon, in terms of the purpose of the company, the parties and management, and then signed by all parties Law No. 34 of 1976 and then, submit an application to open a tax file and obtain a tax card.
  2. Obtaining a license to practice the profession and applying for registration in the Chamber of Commerce by submitting the following documents:
  • A copy of the company’s contract.
  • A copy of the lease contract of the place of practicing the company’s duties.
  • Copies of partners’ personal cards.
  • Extracted tax card or data document.
  • Request to obtain a certificate of practicing the profession from the Chamber of Commerce.
  • Copies of the power of attorney.
  • A copy of the installation of an electricity meter and a light receipt from the electricity department of the company’s shop.
  1. Finally, the owners of the company go to the Commercial Registry Office, to complete the steps of establish a limited partnership company in Egypt, and obtain the commercial registration of the company, after preparing and submitting the following papers:
  • Original and copy of the company’s contract.
  • Newspapers in which the contract summary was published.
  • License to practice the profession. from the Chamber of Commerce
  • Original and copy of ID card + power of attorney.

How “Consortio Law Firm” help you?

We at “Consortio Law Firm” provide many services related to Establish a Limited partnership company in Egypt and other types of companies, especially in light of its possession of a selection of the best cadres in the field of accounting and legal advice, and the company’s services are as follows:

  1. Assistance in choosing the right place to establish the company.
  2. Company registration, headquarters and phone numbers.
  3. Assist in the selection of the company’s activity.
  4. Preparing all papers and documents related to the registration of the company.
  5. Develop the formula for the company’s contracts.
  6. Preparing contracts for employees, and making behavioral and disciplinary controls and regulations within the institution.

For more information about our services, Contact us Now via the phone number 002 01028806061 or send us a WhatsApp or email Info@consortiolawfirm.com.