• Egypt Limited Liability Company

  • SHAREHOLDERS

    Liability of Shareholders

    The liability of the shareholders of a Limited Liability Company in Egypt is limited up to the unpaid amount of the shares they hold.

    Minimum Number of Shareholders

    The minimum number of shareholders of a Limited Liability Company in Egypt is 3 and there is no maximum.

    Restriction on Nationality/Residency of Shareholders

    There is no restriction on the nationality or residency of the shareholders.

    Corporate Shareholders

    The shareholders of a Limited Liability Company in Egypt can be individuals and/or legal persons.

    Nominee Shareholders

    The use of nominee shareholders is allowed.

  • DIRECTORS

    Minimum Number of Directors

    The minimum number of directors is 1.

    Restriction on Nationality/Residency of Directors

    There is no restriction on the nationality or residency of the directors.

    Corporate Directors

    The directors of a Limited Liability Company in Egypt can be individuals and/or legal persons and they are not required to hold shares in the company.

  • SHAREHOLDER MEETINGS

    Shareholder Meetings

    A Limited Liability Company in Egypt is required to hold an Annual Shareholder Meeting.

  • CAPITAL

    Minimum Capital Requirement

    The minimum capital requirement is EGP 250,000.

    If shares are offered to the public, the minimum capital is EGP 1,000,000 and each share must have the same nominal value. While preferential shares may be issued, these are less commonly used.

    Currency of Capital

    Apart from EGP, the capital of a Limited Liability Company in Egypt can also be denominated in USD.

    Non-par Value and Bearer Shares

    Shares without nominal or par value are allowed.

    Bearer shares are allowed.

    Capital Duty

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  • REGISTERED OFFICE

    Registered Office

    It is a legal requirement for every company in Egypt to have a registered office in the Egypt, which may be used as the business address of the company.

    Company Secretary / Registered Agent

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  • FOREIGN INVESTORS

    Restrictions on Foreign Investors

    There are no restrictions on foreign investors investing in Egyptian Limited Liability Companies.

  • FORMATION

    Time Needed for Incorporation

    The time needed for the registration of a Limited Liability Company in Egypt is 8 working days.

    There is no availability of shelf companies.

  • CONFIDENTIALITY

    Beneficial Owners

    The details of the beneficial owner are disclosed to the service provider and to the authorities.

    Registered Shareholders

    The details of registered shareholders are not available on public record.

    Directors

    The details of directors are not available on public record.

    Financial Statements

    The financial statements are not publicly accessible.

  • FILING REGUIREMENTS

    Filing with the Registrar of Companies

    There is no requirement to file an annual return to the registrar of Companies.

    Filing with the Tax Authorities

    Every company must submit a tax return to the Tax Authorities by 1 May each year or within 4 months from the end of its financial year.

  • RECORDS

    Accounting Records

    Limited Liability Companies in Egypt are required to maintain accounting records.

    Accounting records can be maintained in USD in addition to EGP.

    Accounting records of a Limited Liability Company in Egypt may be maintained outside Egypt.

    Financial Statements

    Limited Liability Companies in Egypt are required to prepare annual financial statements.

    Group of companies in Egypt are also required to prepare consolidated financial statements.

  • AUDIT

    Audit Requirement

    The annual accounts of a Limited Liability Company in Egypt need to be audited.

Compare Egypt to other jurisdictions and see the difference in corporation tax rates, tax residency requirements, VAT rates, capital gain taxes, etc.

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