The company EXPERT SM assists in the registration of the following types of legal entities in Egypt (all cities – Cairo, Hurghada, Sharm El Sheikh):

• LLC (OOO, min. A. Cap. of the company – 1000 LE, may be 100% owned by a foreigner, but the manager must be an Egyptian – as a hired employee, he may hold another position)
• Joint Stock Company (JSC, min. A. Cap. of the company is 250,000 LE, of which 10% – 25,000 are deposited with the bank and after the creation of the company can be used for its needs. It may be 100% owned by foreigners without additional restrictions)
• Investment company (LLC, A. Cap. of the company is 1 million Egyptian pounds, (the average rate of the pound against the dollar is 5.7), 10% of this amount is paid to an Egyptian bank on the company’s account for a period of a month (at the time of registration, from 2 founders who may be foreigners)
• Representative / branch of foreign company in Egypt (A. Cap is missing)

Documents required for company registration:

• A completed application form
• Copy of foreign passports of founders, director
• If the founders are legal entities, then the company’s charter documents and a decision on the creation of a subsidiary / representative office will be required *

Company registration term:

• LLC – 15 days
• OJSC – 40 days
• Investment – 20 days
• Representative / branch of foreign company in Egypt – 20 days

  EXPERT SM also provides assistance in:

• opening a bank account
• providing a legal address
• organization of accounting of the company accounting
• obtaining licenses necessary for the activities of the company under the laws of Egypt – license for a diving center – 30,000 Egyptian pounds, updated annually
• Apostille design

Taxation

• Diving taxes – not more than 20% of net profit, paid once a year.
• For companies involved in tourism – a tax deferment of 10 years is possible