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Egypt Company Set Up Procedures

Company Set Up in Egypt can be a very complex procedure, although steps have been undertaken to make this more efficient. Foreign investment is permissible, and encouraged, in Egypt and opportunities do exist for entrepreneurs with business operations in the middle east.
1.
Procedures for Egypt company set up can vary for different structures and can be impacted by being in free zones, investment zones, special economic zones and others.
2.
Egypt’s prominence in the history of civilization attracts people from all over the globe and is the reason for its success in tourism. However, there are other potential sectors in which to set up an Egypt company. These include Agribusiness, Communications & IT, Education, Financial, Healthcare, Logistics & Transportation, Petrochemicals, Renewable Energy, retail and textiles.

Procedures for Egypt company set up

1.
After extensive discussion and mutual agreement on the proposed business plan, Healy Consultants will begin all incorporation procedures upon the fees being settled, and necessary documents signed.
2.
The thorough preparation preluding the engagement ensures there are minimal surprises, and the Egypt company set up will proceed smoothly.
3.
The procedures for setting up a company in Egypt are outlined in Healy Consultant's engagement plan, helping the client visualise the steps taken.
4.

The Company Memorandum of Association must be completed with the necessary supporting documents, and submitted to the Department of Companies:

i) Proposed Company Name, capital, share division;

ii) Memorandum of Association;

iii) A Register of Partners;

A range of compliance fees will be charged, and an operation certificate will also be issued.

5.
An investor can set up a company in Egypt either under the Investment Law or under the Companies Law; however, in both cases, 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. The GAFI will notarise the company's contract and also register the companies tax procedures.
6.
After the Egypt Company set up, Healy Consultants Compliance Team prepares all post incorporation documents, including minutes of the first meeting, preparation of By Laws, issuance of initial Share Certificates.
7.
Following Egypt company formation, Healy Consultants will open a corporate bank account in the jurisdiction of your choice. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.
8.
Healy Consultants provides our client with local business address details in Egypt for invoicing purposes, together with telephone, fax and email to support Egypt company set up.
9.
If required, Healy Consultants assists our client to obtain corporate finance, trade finance and to open merchant accounts to support Egypt company set up.
Contact Us
For more information on Egypt company set up, email email@healyconsultants.com or call us at (+65) 6735 0120.
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