Steps to Establish a Company in Egypt

Key Takeaways

GAFI procedures are streamlined via the One-Stop Shop.
A security clearance may be required for foreign partners.
Post-incorporation steps (Tax, VAT, Insurance) are mandatory.

Establishing a company in Egypt has become significantly streamlined under the Investment Law, especially with the "One-Stop Shop" system at the General Authority for Investment and Free Zones (GAFI). However, navigating the legal requirements correctly prevents future penalties. If you are looking for a Company Formation expert, following these steps is crucial.

Step 1: Security Clearance (If applicable)

For foreign investors from certain nationalities, a security clearance is required before proceeding. This step is handled by the lawyer submitting the request to the security authorities.

Step 2: Certificate of Non-Confusion

You must reserve your company name at the Commercial Registry to ensure it doesn't conflict with existing companies. This is known as the "Certificate of Non-Confusion."

Step 3: Bank Certificate

If establishing a Joint Stock Company (JSC) or an LLC with capital requiring deposit (though optional for small LLCs now), you must open a "Company under Formation" bank account and deposit the capital percentage. The bank issues a certificate freezing these funds until incorporation is complete.

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Step 4: Submitting Documents to GAFI

The lawyer submits the following to GAFI:

Copies of partners' IDs or passports.
Power of Attorney for the lawyer.
Auditor's certificate.
Certificate of Non-Confusion.

Step 5: Signing the Contract

Once GAFI reviews the documents, the Articles of Association are drafted. Partners (or their attorney) must sign the contract before the GAFI notary.

Step 6: Issuance of Official Documents

After paying the fees, GAFI issues:

The Commercial Register.
The Tax Card.
Certificate of Incorporation.

Important Note:

After incorporation, you must register for VAT (Value Added Tax) if your turnover exceeds 500,000 EGP, and open a social insurance file for the company manager and employees. Consulting a Tax Lawyer early on can save you from future fines.

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Steps to Establish a Company in Egypt: The Complete Guide