Egypt

 Egypt

Official Name:  The Arab Republic of Egypt

               Cairo

          Arabic

           Egyptian pound (EGP)

OUR SERVICES;                      

  • Consultation (in person, online, phone)
  • Helping to prepare your documents
  • Start to finish your company registration process
  • Immigration services

Egypt

Egypt, officially the Arab Republic of Egypt, is a Mediterranean country bordering Israel, Libya and Sudan. Ancient Egypt, the cradle of civilization with a very strong historical background from 1882 to 1952, was under British protection. Egypt became independent in 1922. The language of the Egyptian people is Arabic, although they understand English well.

Egypt has high economic potential. Its economy, like Turkey, is not dependent on oil and is mainly dependent on the Nile.

There are many reasons why Egypt has become a potential export destination. Extensive size, high Muslim population, rich natural resources, large industrial plants, high income from tourism industry, extensive trade facilities and superior geographical-strategic location in Africa have created a privileged position in trade for all countries.

Despite not having any crude oil, Egypt has been able to become one of the top economies in the Middle East and Africa by relying on the tourism and agricultural industries. Egypt’s economy is heavily dependent on the Nile; Because the annual rainfall varies from 20 cm in the north to 0.5 cm in the deserts. For this reason, agricultural activities are limited to the Nile Delta, where grains, fruits, rice, sugarcane, and vegetables are grown. Flax and clover are the two main export products. Raising cattle, sheep, goats and camels is also common in this country. Egypt’s major mines include phosphate, iron ore, manganese and chromium, and its major industries are cement, steel, wood and food.

The tourism industry, receiving tolls from ships crossing the Suez Canal, the stock market, the growth of the telecommunications industry, food, beverages and the fledgling assembly industry are other sources of income for Egypt. However, the growth rate of the country’s economic reforms is slow, ranking 165th out of 175 countries in terms of attracting foreign investment and 77th out of 175th in terms of implementing transparency policies.

With the aim of developing non-oil exports, marketing and penetration into markets near and far is one of the most important steps. Understanding the market of countries also requires extensive research on its dimensions and elements. Given that Egypt remains unknown to Iranian economic and trade actors, and given that the establishment of any relations, especially economic and trade relations and cooperation, requires basic information from this country.

Egypt, officially the Arab Republic of Egypt, is a Mediterranean country bordering Israel, Libya and Sudan. Ancient Egypt, the cradle of civilization with a very strong historical background from 1882 to 1952, was under British protection. Egypt became independent in 1922. The language of the Egyptian people is Arabic, although they understand English well.

Egypt has high economic potential. Its economy, like Turkey, is not dependent on oil and is mainly dependent on the Nile.

There are many reasons why Egypt has become a potential export destination. Extensive size, high Muslim population, rich natural resources, large industrial plants, high income from tourism industry, extensive trade facilities and superior geographical-strategic location in Africa have created a privileged position in trade for all countries.

Despite not having any crude oil, Egypt has been able to become one of the top economies in the Middle East and Africa by relying on the tourism and agricultural industries. Egypt’s economy is heavily dependent on the Nile; Because the annual rainfall varies from 20 cm in the north to 0.5 cm in the deserts. For this reason, agricultural activities are limited to the Nile Delta, where grains, fruits, rice, sugarcane, and vegetables are grown. Flax and clover are the two main export products. Raising cattle, sheep, goats and camels is also common in this country. Egypt’s major mines include phosphate, iron ore, manganese and chromium, and its major industries are cement, steel, wood and food.

The tourism industry, receiving tolls from ships crossing the Suez Canal, the stock market, the growth of the telecommunications industry, food, beverages and the fledgling assembly industry are other sources of income for Egypt. However, the growth rate of the country’s economic reforms is slow, ranking 165th out of 175 countries in terms of attracting foreign investment and 77th out of 175th in terms of implementing transparency policies.

With the aim of developing non-oil exports, marketing and penetration into markets near and far is one of the most important steps. Understanding the market of countries also requires extensive research on its dimensions and elements. Given that Egypt remains unknown to Iranian economic and trade actors, and given that the establishment of any relations, especially economic and trade relations and cooperation, requires basic information from this country.

General Questions

What are the minimum and maximum shareholders in a limited liability company?
A minimum of two shareholders and a maximum of fifty shareholders are required

Do the company’s shareholders have to live in Egypt?
There are no restrictions on citizenship and residence.

What is the minimum capital of a limited liability company?
150 euros and must be paid in full at the time of registration of the company.

The benefits of company registration in Egypt

  • 100% foreign ownership permit in the fields of industry and mining, tourism, real estate development, maritime transport; Electronics and software design.
  • Tax exemption for companies related to agriculture and tourism
  • Low corporate tax 20%
  • Existence of free zones and many trade incentives

The disadvantage of company registration in Egypt

  • The need for an Egyptian manager in the company complex

Types of commercial companies in Egypt

  • Limited partnership
  • General partnership
  • Limited liability company
  • Joint stock company
  • Foreigners Branch

The company registration process 

  • Choose a company name and get name confirmation
  • Determine the fixed address of the company
  • Preparation of the company’s articles of association
  • Get a business license
  • Registration with the tax office
  • Obtain special licenses for net activities (if required)
  • Minimum 2 people and maximum 50 people to register a limited liability company