It is expected from each company to establish a registered office in Egypt where official reports of the company and correspondence might be lawfully served. It is where documents might be legitimately served to the company and maintain a Register of Partners is a requisite. Register of Partners should contain the accompanying:

• Name, identity, house, and work of the partners

• Number of shares every partner holds

• Total sum paid for the shares possessed by the partners.

• Data connected with task or share transfers.

Directors

For LLC only one director is needed and either a person or a corporate entity can be a director. There is a prerequisite of having one director who should be an Egypt ‘s resident however, there are no limitations on identity or residency of different directors. Nominee directors are permitted.Here are the accompanying requirements regarding a director-

• While managing a limited liability company, there should be somewhere around one head of Egyptian ethnicity. Their name should be in the Memorandum of Association however it isn't needed for them to be among the shareholders.

• Directors might be delegated for a fixed term or on indefinite time period, however if there arises an occurrence of the fixed term, it should be determined in the Memorandum of Association.

• Except if authority is restricted by the Memorandum of Association, directors have full delegation to address the company.

• For a foreign proprietor, it is expected to acquire a residence visa, where his paid-up capital ought not to be under €19,000.

• It is expected for LLC to shape an administrative board comprising somewhere around three shareholders, for the situation where the quantity of shareholders surpasses ten.

• The administrative board has the authority to check the bookkeeping records of the company, and they can likewise ask directors to give reports and survey the company's financial stands before accommodation to the meeting.

Shareholders

In the event of LLC, there is a prerequisite of at least two shareholders and limit of fifty shareholders, there is no limitation on ethnicity or residence. Corporate shareholders are allowed.

Share Capital

Under this, base share capital is EGP 1000 (around EUR 150) and the absolute capital should be completely paid upon the company’s incorporation.

Recording Requirements

It is expected from Egyptian LLCs to record audited yearly budget summaries and yearly tax returns.

After the accommodation of the important documentation with the Registrar, the incorporation time frame is for a week.