Company Registrations In Egypt
Company Registrations In Egypt
Egypt
Egypt is a large country in North Africa which boarders the Mediterranean Sea and the Red Sea and is home to the highly fertile Nile Valley. Tourism, manufacturing and construction are among the most popular industries in Egypt. Egypt is becoming a more attractive place to set up business. It receives more foreign investment than any other country in North Africa, and it is vital to Middle East and African business. We can assist you in setting up a business in Egypt.
Setting up company in Egypt – what are the main considerations?
- Egypt company formation recently has begun allowing 100% foreign ownership in certain fields. These include industry and mining, tourism, real estate development, maritime transport, software design, and electronics production
- Egypt offers competitive corporate tax rates. Corporate tax is generally 20%, however this varies depending on the industry. Other industries are tax exempt, for example agriculture and tourism related companies
- There are no minimum capital requirements for limited liability companies (LLC)
- The General Authority for Investment and Free Zones (GAFI) is the governing body on foreign investment. They assist international investors facilitate their investments within Egypt
- There are specific free zones providing a variety of incentives and benefits. North West Suez Special Economic Zone is one free zone which provides 5% flat rate on personal income tax, 10% corporate tax rate, as well as standard infrastructure
- Investors are free to repatriate the capital and profits which originate from Egypt
- At least one manager for incorporated companies that are wholly foreign-owned need to be Egyptian. This individual does not necessarily need to be a shareholder
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FAQs For Private Limited Company Registration
The name should be unique, catchy and it must have a related meaning to you. the name of Company should also relate business Activity of the Company, however, any name may be prefer for register of a Private Limited Company subject to propose name has not already been taken by someone else. It may note that the name of the Company must also be legal as per the provisions of the Companies Act, 2013 and rules made thereunder.
Yes, It is mandatory to have at least two Directors and two members (both can be same) to register Private Limited Company in India. One Director must be resident of India.
It is not entirely correct, although there is no government fee to register a Private Company but there is always required to pay stamp duty to register a Company in India which vary from state to state.
Director identification number (DIN) is unique identification number allotted by registrar of Companies (ROC) to the person willing to be Director of a Company. Digital Signature Certificate (DSC) is a digital sign which are required to signed forms to be filed with MCA or ROC.
No, you are not required to have a proper office since a Company can be register at your residential address, it only required an address proof like utility bill, gas bill, telephone bill or water bill.
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