General regulations to incorporate a Limited Liability Company
- The minimum number of partners (two) and do not exceed (50) from competent normal persons or legal entities.
- Minimum capital is determined by the partners in the Articles of Incorporation and is divided into equal shares fully paid when incorporating the company.
- Partners or some of them may provide in-kind shares provided that the cash part in the capital should not be less than 25%, the evaluation of in-kind shares in capital is conducted by expert appraiser.
- Foreigners can be partners (%100) – except companies which operate in activities limited to Egyptians or requires a minimum participation rate in order to operate.
- At least one of the directors should be an Egyptian.
- In the event of increasing the number of partners more than (ten) a Supervisory Board should be appointed and the minimum number of members shall be three from the partners without management responsibilities.
- The company may take one of the partners’ name as its address, and it may take a special name or a name derived from its purpose.
- In light of Law No. 68 of 2009 which amends article 116 of Law No. 159 of 1981 on Joint Stock Companies, Partnerships Limited By Shares. & Limited liability Companies: the capital of a Limited Liability Company is determined by the partners in the Articles of Incorporation and the shares value should be equal, this provision shall not apply to the companies operating at the time of this law.