00 44 (0) 1372 750800
our officesEgypt - WLL Company Incorporation
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| Company Type | Time to Incorporate | Cost |
|---|---|---|
| WLL | up to 3 months | £4500 |
Forms of Business Structures In Egypt
The kinds of business firms allowed in Egypt are determined the Companies Law No. 159 of 1981. The Companies Law regulates limited liability companies.
Limited Liability Companies - WLL
The form of company usually chosen by foreign investors is the Limited Liability Company, known as a WLL - with limited liability - this is the equivalent of a French Sàrl, a German GmbH or UK Private Company. The principal features are :
- Shareholders must number between two and fifty.
- Minimum capital is €6,500 (LE 50,000).
- A WLL may not engage in insurance, banking or investment on behalf of others.
- A WLL is required to transfer 5% of the profits for the year to a statutory reserve, until such time as the reserve amounts to at least 50% of the capital.
Incorporating a business in Egypt
| Obtain a certificate from the Commercial Registry that the company name is not similar to any existing company |
| Obtain a certificate from an authorised bank indicating the depositing of the full amount of company's capital |
| Visit the Companies Department to dictate the amendments to computerised model of statutes to the Incorporation Unit (IU) at the Legal Department of the Companies Department |
| Submit documents to the Incorporation Follow-up Unit (IFU) at the Department of Companies and receive the invoice |
| Notarise company's contract at the Public Notary Office affiliated to the Department of Companies |
| Obtain the Notification of Incorporation and Chamber Commerce permit |
| Open a tax file - get a tax card (Tax Authority) |
| Register for sales tax at the Sales Tax Department |
| Register employees with the National Authority of Social Insurance |
| Timescale | Cost |
| up to 3 months | £4500 |
Egypt Key points
- up to 3 months to incorporate
- A WLL company requires 1 Egyptian director
- Only 2 shareholders are required
- The minimum issued capital of a limited liability company is €6,500
- We provide you with full expert assistance throughout every step of the company formation process
Formacompany Ltd
11 Church Road
Great Bookham
Surrey
KT23 3PB
United Kingdom
