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Category: Partnerships

How much can a foreigner start a business in Egypt?

The total costs of opening a company can vary greatly depending on the profile of the company, whether it is going to import or export goods, and depending on the goals of the activity, various forms of legal entities are needed. In Egypt, you can open a “company for one person” – this is the cheapest option for opening a company, but such a company is limited by the maximum annual turnover. Also, in such a company it is impossible to add founders or sell a share. The authorized capital for such a company must be at least 1000 EGP, but for some types of activities, regulations provide for other values of the minimum authorized capital. If you open a Limited Liability Company, you will need to immediately have at least two founders. The requirements for the authorized capital are like the previous example.

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