8 Hrs
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اليوم السابع
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Commercial Register Law on Foreign & Company Registration
The Commercial Registry Law sets out the regulations for registering foreigners and companies in the registry, requiring, in some cases, approval from the General Authority for Investment and Free Zones. The law clarifies the conditions for registering foreigners as partners in partnership companies, including that at least one Egyptian partner must be jointly liable, and that Egyptians hold 51% of the company's capital, with management and signing authority granted to the Egyptian partner. It also requires approval from the Investment Authority for companies with their headquarters abroad that operate in Egypt in commercial, financial, or industrial sectors. The regulations obligate companies and individuals to display their trade name and to update any changes within one month of occurrence. It is clear that the law aims to regulate the entry of foreigners and foreign partners into the local market, ensuring Egyptian control over companies and facilitating oversight of commercial activities.
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