Published
Sep 4, 2023
Updates:
Sep 16, 2024
Egypt
Price:
Delivery:
Legal forms:
Payment methods:
4 weeks
EPC, LLC, LLP
Document checklist:
1.Passport
2.Proof of Residence
Requirements:
Local legal address (Handled by B2B Hub)
Egypt
$
1800
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Registrar
Abbreviation
Phone
General Authority for Investment and Free Zones
GAFI
+202-240-55-425
Location
Capital
Official languages
Population
Currency
ISO 4217
Cairo
Egypt
Arabic
112,716,598
EGP
Egyptian Pound
Delivery
-
Certificate of incorporation
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Articles of association
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Meeting minutes
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Company stamp
Certificate of incorporation
Company stamp (By stempil.com)
Registration documents and guidance
FAQ for company formation in Egypt
Q: What is the process for forming a company in Egypt?
A: The process for forming a company in Egypt involves reserving a company name, drafting and notarizing the company’s articles of association, registering the company with the General Authority for Investment and Free Zones (GAFI), obtaining a tax identification number, and registering for taxes.
Q: What are the different types of companies I can form in Egypt?
A: The most common types of companies in Egypt are the Limited Liability Company (LLC), Joint Stock Company (JSC), and Branch Office.
Q: What is a Limited Liability Company (LLC)?
A: A Limited Liability Company (LLC) is a type of company where the liability of the shareholders is limited to their share capital contribution. LLCs are often used for small and medium-sized businesses.
Q: What is a Joint Stock Company (JSC)?
A: A Joint Stock Company (JSC) is a type of company where the shareholders own the company through the ownership of shares. JSCs are often used for larger businesses.
Q: What is a Branch Office?
A: A Branch Office is a type of company that is established by a foreign company to conduct business in Egypt.
Q: What are the minimum requirements for company formation in Egypt?
A: The minimum requirements for company formation in Egypt include having at least one shareholder, a registered office address, and a minimum share capital contribution of EGP 50,000 for an LLC and EGP 250,000 for a JSC.
Q: How long does it take to form a company in Egypt?
A: The time it takes to form a company in Egypt can vary depending on the type of company you are forming and the specific requirements involved. Generally, it can take between one to two months to complete the entire registration process.
Q: What are the tax implications of forming a company in Egypt?
A: Companies in Egypt are subject to a range of taxes, including corporate income tax, value-added tax, and social insurance contributions. The specific tax obligations will depend on the type of company you are forming and the nature of your business activities.
Q: What are the ongoing compliance requirements for companies in Egypt?
A: Companies in Egypt are subject to a range of ongoing compliance requirements, including filing annual financial statements, maintaining proper accounting records, and renewing their business registration and other permits as required. It is important to work with a qualified professional to ensure that you remain compliant with all applicable laws and regulations.
"Egypt has seen a steady improvement in its economy over the past few years. According to the World Bank, the country's GDP grew by 5.3% in 2019, up from 4.2% in 2018. This growth was driven by a strong performance in the services sector, which accounted for more than half of the country's GDP. Inflation has also been kept in check, with the annual rate dropping from 14.4% in 2018 to 11.3% in 2019.
The country has also seen a rise in foreign direct investment (FDI), with inflows reaching $8.3 billion in 2019, up from $7.2 billion in 2018. This has been driven by the government's efforts to attract more foreign investment, including tax incentives and other reforms.
The Egyptian pound has also been relatively stable, with the exchange rate remaining at around 17.7 EGP to the US dollar since 2018. This has helped to keep the cost of living in check, with the consumer price index (CPI) rising by only 4.2% in 2019.
Overall, Egypt's economy has seen a steady improvement in recent years, with strong growth, low inflation, and increased foreign investment."
**Corporate Taxation:** In Egypt, companies are subject to a flat corporate income tax rate of 22.5% on their net profits. There is also an additional tax on dividends paid to shareholders at a rate of 10%. Certain industries, such as oil and gas, telecommunications, and mining, may have special tax rates or exemptions.
**Personal Taxation:** Individuals in Egypt are subject to a progressive income tax rate, with the top marginal rate at 22.5%. The tax is imposed on all sources of income earned by individuals, including salaries, bonuses, and capital gains. Non-residents are only taxed on income earned within Egypt.
**Value Added Tax (VAT):** Egypt also imposes a value-added tax (VAT) at a standard rate of 14% on most goods and services, with certain exemptions and reduced rates for specific categories such as healthcare and education.
**Process and Calendar for Payments:** Companies in Egypt are required to file and pay corporate income tax on a quarterly basis. The first installment is due on April 30th, the second on July 31st, the third on October 31st, and the fourth on January 31st of the following year. Companies must also file an annual tax return within four months of the end of the fiscal year.
Individuals must file an annual income tax return by March 31st of the year following the tax year. Taxes owed are due by the same deadline. Employers are required to withhold taxes from employees' salaries and remit them to the tax authorities on a monthly basis.
Failure to file and pay taxes on time may result in penalties and interest charges. It is important for individuals and companies operating in Egypt to seek the advice of a qualified legal and financial professional to ensure compliance with all local laws and regulations.
Application without registration
The first director
The second director
The third director
The first shareholder
The second shareholder
The third shareholder
Articles
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