The International Bureau of the consultancy service established companies and all kinds of companies to all activities and purposes literal fully and in the least possible time and tax ID is extracted and CR and all approvals for various activities and below to establish joint-stock companies:
This company could be established according to the provisions of Law no.159 for the year 1981 amended by law no.3 for the year 1998, It could be also established according to investment Law no.8 for the year 1997 taking into consideration the abolished tax exemptions related to this law, provided that the issued capital is at least LE 250,000 out of which 10% should be paid when establishing the company. The capital should be increased to reach 25% during a period of 3 month after obtaining the commercial registry, noting that the capital should reach 100% during a period of 5 years.
General legal rules for the establishment of joint stock companies according to law no.159 for the year 1981
The minimum limit of the issued capital is "two hundred and fifty thousand Egyptian Pounds", foreigners' contribution percentage could be 100%
The members of the Board of Directors should not be less than "three", all members of the board could be foreigners
The minimum value of membership guarantee shares for each member is "five thousand Egyptian Pounds"
The board of directors could include at most two experienced members who do not fulfill the shareholding quorum
The founders of the company should not be less than (three) normal or legal persons, provided legal capacity exists for founders (normal persons), legal persons participating in the company's establishment should be a separate legal person
The value per share should not be less than (five Egyptian Pounds)
The value per share should not exceed (one thousand Egyptian Pounds)
The company's authorized capital should not exceed (ten times the issued capital)
The company's paid-up capital should not be less than (10% of the issued capital)
The value of monetary shares should not be less than (25% of the issued capital)
The value of in kind shares should not exceed (75% of issued capital)
The joint stock company should have a commercial name derived from its purposes, the company should not use the name of one or more of the company's partners
Minors are allowed to participate in the company as subscribers, in case they participate using their own money, permission should be obtained from the competent court
Internal in kind capital shares are evaluated by a committee established for that purpose in the General Authority for Investment
If the company offered its shares in a public subscription, the issued capital should not be less than (one million Egyptian Pounds)
The company's articles of association could include the issuance of bearer shares not exceeding 25% of the company's total shares, provided that they are fully paid
The company's establishment procedures The required documents should be submitted to the establishment division to complete and review the contract with the Authority's lawyer.
Submitting the file to the individual responsible for the company's establishment procedures to perform the following:
Assessment procedures
Completing procedures with the following bodies
Lawyers Syndicate
Procedures are completed and the person concerned receives the register at the commercial registry during 2 working days