The names of companies in Egypt are generally derived from the company’s business objects and must end with, or include somewhere, ‘Limited Liability Company’ or an appropriate abbreviation. Once approved by the Registrar the company name is reserved for 10 days; certain words, such as those suggesting governmental patronage are prohibited.
All companies must have a registered office in Egypt where official company documents and correspondence may be legally served. We will provide a registered office.
At least two directors are required for an LLC and this can be either individuals – over 21 years of age, or corporate entities. An Egyptian resident manager/director is necessary. We can provide resident services if required.
There is a minimum of two shareholders up to a maximum of 50 shareholders for an LLC. There is no restriction on nationality or residency and corporate shareholders are permitted.
The minimum share capital is EGP 1000 which must be fully paid up upon incorporation of the company.
Egyptian LLCs must file audited annual financial statements and annual tax returns.
Once all the necessary documentation has been submitted to the Registrar the typical incorporation period is 2-3 weeks.
Egypt Company Formation – £1500
Registered Office and Company Administration – £1950
Notary Fee – US$600
Egypt Resident manager – £860
Proof of Identity
As part of our due diligence we require proof of identity in the form of a passport copy for all directors and shareholders of the company.
It is not required to visit Egypt in order to incorporate an LLC but, as at least one director must be resident in Egypt, travel may be necessary.
Egyptian (LLC) Company Formation
The most common form of company in Egypt is the Limited Liability Company. Like a Limited Company in the UK or a GmbH in Austria and Germany, an Egyptian LLC company is a legal entity that is separate and distinct from the individuals who run it. For sole traders and for people in partnerships, the individuals’ personal assets are at risk if there is a claim against the organisation but shareholders in an LLC are liable to lose only the value of the share capital to which they subscribe.
LLCs in Egypt can be 100% foreign owned and are relatively quick to incorporate.