General regulations to incorporate a Company Limited by Shares
- At least one of the partners is a joint partner, it should take the name of the joint partner as its address and take the responsibility of the management.
- The minimum number of founders (two) either were competent normal persons or legal entities.
- The minimum Issued Capital is “L.E.250000” – to pay 10% when incorporating and to reach 25% during three months starting from registering the company in the Commercial Register, the maximum Authorized Capital is (ten times the Issued Capital).
- Foreigners can be partners (%100) – except activities limited to Egyptians or requires a minimum participation rate in order to operate.
- The minimum number of Supervisory Board members is “three”, some or all the members may be partners without management responsibilities or from others.
- The minimum value of stock (ten piasters) and the maximum is (L.E.1000).
- Minimum value of cash shares (quarter of the Issued Capital), and the maximum value of in-kind shares is (three quarters of the Issued Capital).
- The company shall has a commercial name derived from its purpose and it may include the joint partner’s name in its name.
- Evaluation of the in-kind shares in capital through a committee formed for this purpose by GAFI.