4 Hrs
Source:
اليوم السابع
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Source: اليوم السابع
4 Hrsاليوم السابع
Source: اليوم السابع
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The Mortgage Finance Law requires the company to be formed as an Egyptian joint-stock company, with issued and paid-up capital no lower than the amount specified in the Executive Regulations. A licence application must be submitted to the administrative authority, with fees not exceeding EGP 10,000. The supporting documents must be completed within three months, and the application must be decided within 30 days of their completion. The licence may be refused if the requirements are not met, the managers lack sufficient experience or professional competence, or the founders or managers have been adjudicated bankrupt or convicted of offences involving dishonesty or breach of trust within the preceding five years, unless their rights have since been restored.
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