Company Establishment
The new investment law facilitates the process of establishing companies in Egypt, by adhering to some basic rules that help in providing the company’s services without being exposed to legal violations and helping businessmen and people with ideas to establish companies in Egypt, but how to establish a company without violating the rules and laws or tax evasion and getting to know the Construction licenses is required,
Therefore, at EASYWAY, one of the most important services that we do is the service of establishing companies and carrying out legal services for these companies, including the procedures for establishing and related to tax and legal issues related to the company.
Companies are divided into three types:
Easyway
Companies (Solidarity Company, Limited Partnership Company, Joint Venture Company)
Mixed companies (limited liability company, partnership limited by shares)
Money companies (joint stock company)
The Egyptian legislator identified two ways to establish companies for young people or for novice investors. The first way is to go to the headquarters of the General Investment Authority in Salah Salam Street in Nasr City, Cairo, while the second method is to establish via the website.
The company in its general sense is a capital management with a regulated legal framework, and basic information about the project to be established must be provided in order to determine the type of company that provides more opportunities for the success of the project, as there are more than one type of companies and each type has policies, terms, conditions and legal responsibilities to be implemented registered.
- Determining the company's activity: This means the nature of the company's work, and the activities that the work team will carry out, whether they are commercial, industrial, advertising or marketing activities.
- Determining a commercial name for the project: It must be a name unique to the company, as it is not permissible to have a similar name in the country, and it is preferable that it be an attractive and expressive name that attracts or attracts those who read it and tries to identify the activities of this company, as this name appears on the company’s front and all its publications. The company must also adopt a logo that indicates its work, like many international brands that have owned a brand name at the regional or international level and succeeded and achieved great profits.
- Determining the capital: They are the sums of money that the partners want to use in this company.
- Official company registration: After preparing all the first requirements, the stage of registering the company in the official records now begins, and some identification papers must be brought to the partners to ensure their rights and review the department concerned with the registration of companies. This department issues an official certificate that includes all the information about the company. Stamp in her name and print company bonds and invoices.
- Determining the company's headquarters, address and phone numbers for easy access to customers.
- Marketing ads: This element should not be overlooked, as advertising for any commodity increases customer demand and helps increase the company's sales and achieve more profits. Today, the Internet has become one of the most prevalent means of advertising.
Incorporation procedures
- Writing the contract and the summary, and the partners sign it.
- Marking the validity of registration on the contracts and the summary and stamped with the seal of the commercial registry after the completion of its review in the office, taking into account the signature of one of the lawyers accepted to plead before the Court of First Instance and his signature certified by the competent sub-union if the value of the contract is 5000 pounds or more, and the presence of the responsible manager or his representative is required
- Registration with the competent court of first instance in whose circuit the company’s headquarters or one of its branches is located in the commercial registry, by submitting the original contract and the original summary, with a stamp affixed to each of the papers of the original contract, the original summary and a copy of it.
- The employee in charge of marking the due registration fee, after reviewing and paying it in the court treasury, submits the original summary and a copy of it to the bailiffs’ registry, for the procedure of pasting the copy on the court notice board and drafting a report accordingly on the original summary and recording it in the registry of the pen and handing it over to the person concerned with his signature in the aforementioned book.
- The original summary shall be returned to the competent court employee to be recorded in the corporate contracts summary record and annotation in the original of the summary and the original of the contract with the registration date number.
- The original contract shall be returned to the person concerned after the aforementioned notation is stamped with the seal of the commercial pen.
- The abstract submitter receives an official copy of it in the same ways previously mentioned in the matter of delivering a true copy, and he has the right to receive any other copies of that abstract he wants after submitting a stamped application and paying the fees due thereon.
- The responsible manager or his representative shall publish a summary of the contract in a daily newspaper prepared for publishing judicial notices.
- This summary must include the partners’ names, titles, capacities and addresses, except for the partners who have funds external to management in limited partnership companies, as well as the company’s address, and a statement of the names of the partners authorized to manage.
- Submit an application to the competent tax office to issue the company's tax card.
- Registration in the Chamber of Commerce and obtaining a license to practice the profession.
- Going with all papers and documents to the General Investment Authority to extract the commercial registration of the company after receiving a certificate of non-ambiguity (a certificate to ensure that the company’s data to be registered does not conflict with other existing companies with the same name and the same purpose, and in the event of a conflict, the name must be changed to prevent confusion)
Documents required in the commercial register
- The original and copy of the company’s contract.
- Summary of the company contract.
- The two newspapers in which the contract summary is published.
- Chamber of Commerce certificate “License to practice the profession”.
- Achieving identity and power of attorney.
Documents required in the Chamber of Commerce
- A lease contract with a proven date or a property ownership contract in which the profession or the company’s activity will be practiced.
- A copy of the company contract.
- Criminal status record
- Tax card.
- Request to obtain a certificate of practicing a profession.
- A copy of an official power of attorney.
- A certificate from the Electricity Department of the installation of an electricity meter and a light connection.
Documents required to obtain a tax card
- A copy of the company contract.
- A copy of a date-fixed lease contract or a copy of the ownership contract for the place where the company operates.
- Copies of partners' cards.
- Photocopies of the power of attorney for the agent.
- Request to obtain a tax card and open a tax file.
- It is noteworthy that the procedures for dissolution or amendment are the same as the procedures for incorporation.
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