Understanding Sole Proprietorship with Alzayat Law Firm in Egypt
Key Steps to Set Up a One-Person Company in Egypt
In Egypt, a sole proprietorship company comes into existence through a single entity, be it natural or legal. Once another partner enters the scene, it can no longer function as a one-person company. Let’s break down the formation process:
- Starting the Journey: Either personally or via a representative, the founder must submit an application to the official Authority to establish the company.
- Laying Down the Framework: Each company requires its set of regulations, which detail its name, goals, founder data, operational duration, management framework, official locations, and capital specifics. The Executive Regulations may stipulate additional details.
- Government Approval: If a public law entity aims to form the company, either the prime minister or the pertinent minister must give their approval.
- Capital Investment: Before the company starts, founders should fully pay the company’s capital.
- Staying Updated: If a founder assigns or sells the capital to another party, they must revise the company’s records and the commercial register within three months from the deal date. Registration in the commercial register is crucial to validate this act against third parties.
Alzayat Law Firm in Egypt: Spearheading Business Ventures in Egypt
Thinking of initiating a representative office or branching out your business in Egypt? Alzayat Law Firm in Egypt is poised to assist. We consistently deliver trailblazing legal services to our clientele. Our specialty areas extend to, but aren’t limited to, corporate business, and our track record boasts numerous fruitful incorporations in Egypt and the Middle East.
Why Opt for Alzayat Egypt’s First International Law Firm?
We stand out in the realm of Private Clients practice on a global scale. Our widespread reach ensures all-inclusive service, meeting the varied requirements of our patrons, wherever their assets or kin might be. Additionally, we excel in handling intricate cases that span multiple jurisdictions. Platforms like
The Legal 500 , hg.org and Global Law Expert recognize and applaud our experts.
For in-depth legal insights or queries, we at Alzayat Law Firm in Egypt are at your service. For any supplementary details or assistance, please feel free to reach out.