Learn about the steps of establishing an individual establishment according to the investment law
The investment law regulated the procedures for establishing an individual establishment, as the law defined it as the establishment owned by one individual, managed by himself, and receives all profits, in addition to assuming all responsibilities, the individual trader is considered in the concept of Articles 10, 11 of the Trade Law No. 17 of 1999 and is established by the authority in accordance with the provisions of the Investment Law No. 72 of 2017
The Investment Authority pointed out that the time required for the establishment of the facility is one working day, and the value of the capital of the individual facility is determined according to the desire of the owner of the facility
The law stipulates that the applicant or the person who has a power of attorney for him must pay fees for the following :
- Registration fee in the commercial register
- The fee for obtaining a certificate of practicing two annual subscriptions per thousand of the capital
- For the services of establishing an individual facility
- In exchange for a duplicate copy of the Commercial Register Book
The law also indicated that the required documents are:
- A copy of a power of attorney from the owner of the establishment in the event that the establishment was done through a proxy and the power of attorney is stipulated in the establishment of companies.
- Valid (clear) identity proof photos of the owner of the establishment : (with the permission to request to see the original):
- National number of Egyptians
- Passports for foreigners
- Valid identification photos (clear) of the agent (see the original)
- Egyptian national number
- Passport of the foreigner(valid residence is required)
- Investor identification form for the foreign owner of the establishment as a document + its copy on CD
- Approval of the competent authority if any of the company's purposes require special approval under the provisions of applicable laws (prior approval).
– In case there is a share in kind at the time of incorporation :
Submit an evaluation report of the in-kind quota of experts from the legally regulated professions, according to the nature of each quota.
- In the case of establishing an individual facility to operate under the free zones system in accordance with the provisions of the Investment Law No. 72 of 2017, the same pre-submitted documents are required in addition to :
In the case of a public free zone : the authority's approval is met before the establishment and the approval is issued by the board of Directors of the free zone where the project is planned to be established.
