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Ease of Doing Business in

Egypt, Arab Rep

Egypt, Arab Rep Download Profile (1788.3KB, pdf)
Region Middle East & North Africa
Income Category Lower middle income
Population 91,508,084
GNI Per Capita (US$) 3,340
City covered Cairo

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

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Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 122 126 up
4
56.64 55.18 down
1.46
Starting a Business 39 70 up
31
92.43 87.48 up
4.95
Dealing with Construction Permits 64 63 down
1
72.46 72.25 up
0.21
Getting Electricity 88 129 up
41
70.33 57.74 up
12.59
Registering Property 109 105 down
4
58.30 58.19 up
0.11
Getting Credit 82 78 down
4
50.00 50.00
-
Protecting Minority Investors 114 129 up
15
48.33 43.33 up
5.00
Paying Taxes 162 162
-
51.96 51.42 up
0.54
Trading across Borders 168 157 down
11
42.23 51.01 down
8.78
Enforcing Contracts 162 162
-
40.90 40.90
-
Resolving Insolvency 109 105 down
4
39.51 39.49 up
0.02

Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

DB 2017 Rank: 39

DB 2016 Rank: 70

Change in Rank: up31

DB 2017 DTF (% points): 92.43

DB 2016 DTF (% points): 87.48

Change in DTF (% points): up4.95

Standardized Company
Legal form: Sharikat that Massouliyyah Mahdoodah
Paid-in minimum capital requirement: EGP 0
City: Cairo
Indicator Egypt, Arab Rep Middle East & North Africa OECD high income
Procedure – Men (number) info_outline 4.0 7.8 4.8
Time – Men (days) info_outline 6.0 20.1 8.3
Cost – Men (% of income per capita) info_outline 7.4 26.3 3.1
Procedure – Women (number) info_outline 5.0 8.6 4.8
Time – Women (days) info_outline 7.0 20.9 8.3
Cost – Women (% of income per capita) info_outline 7.4 26.3 3.1
Paid-in min. capital (% of income per capita) info_outline 0.0 11.2 9.2
  • No. Procedure Time to Complete Associated Costs
    1

    Obtain husband's permission to leave the home

    Agency: Home

    The wife has to obey her husband. She loses her right to maintenance if she leaves the marital home. According to the Personal Status law of 1985, Maintenance is not due to the wife who leaves the marital home without her husband’s permission. However, she does not lose her right to alimony if she leaves the domicile in the cases that are permitted by the legislature on the grounds of custom or necessity. For example, she has the right to go out for a lawful job, provided that she does not misuse this right; meaning it does not conflict with the family’s interest, and her husband has not asked her to abstain from going out to work. If it is established that her going out to work does not go against family interest, the husband’s asking her not to work is irrelevant. This is also the case if the husband knew and
    accepted at the time of contracting the marriage that his wife holds a job.
    1 day No charge
    2

    Obtain a Certificate of Non-Confusion from the Commercial Registry to reserve the company name

    Agency: General Authority for Free Zones and Investment (GAFI)

    Entrepreneurs must reserve a company name at the General Authority for Free Zones and Investment (GAFI) one-stop shop. The Incorporation Department will first check the legality of the proposed company name. If the name is deemed to be legally admissible, the entrepreneur will then go upstairs to the Commercial Registry office in the GAFI one-stop shop to pay the required fees and obtain the certificate of non-confusion (shahadat adam al-iltibas) bearing the official government stamp (khetm el nesr).
    1 day EGP 25
    3

    Obtain a Bank Certificate from an authorized bank

    Agency: Any authorized Bank

    The Bank of Alexandria branch at the General Authority for Free Zones and Investment (GAFI) issues and delivers the certificate in 1–2 days. The cost to open a bank account and obtain a bank certificate is between EGP 300 to EGP 500, depending on the bank. This certificate can also be obtained from other authorized banks.
    1 day EGP 100
    4

    Submit documents to the Department of Companies, obtain invoice and pay fees

    Agency: General Authority for Free Zones and Investment (GAFI)

    The founder submits the company documents at the reception desk of GAFI, where they are reviewed immediately by a lawyer. These documents include:

    1. Original certificate of non-confusion.
    2. Original Bank Certificate of opening an account with an authorized bank.
    3. A copy of the powers of attorney from the founders to their representative.
    4. A copy of the founders' I.D. cards or passports.

    5. Original certificate indicating that the company's auditor is listed at the Registry of accountants and auditors.
    6. The application provided by GAFI.
    7. Stamped articles of association.

    A registry employee reviews the documents, and issues a detailed invoice for all fees associated with the company's establishment.

    Fees for company establishment:

    • Notary public fee: 0.25% of capital ( minimum of EGP 10 and a maximum of EGP 1,000 )
    • Establishment fees: 0.1% of capital (minimum of EGP 100 and maximum of EGP 1,000 according to Article 17 (d) of the Companies Law)
    • Commercial Syndicate fee: EGP 125 (for capital less than or equal to EGP 500,000) or EGP 250 (for capital more than EGP 500,000)
    • Publication fee: EGP 150 (for a limited liability company in Arabic) or EGP 300 (for a limited liability company in Arabic and English)
    • Chamber of Commerce fees: 0.2% of capital (minimum of EGP 24 and maximum of EGP 2,000)
    • Commercial registration: EGP 56
    • Issuance of operation certificate: EGP 29
    1 day see comment
    5

    Obtain the certificate of incorporation

    Agency: General Authority for Free Zones and Investment (GAFI)

    After the fees are paid, the company submits the articles of association to the GAFI follow up unit. On March 2016, the government of the Arab Republic of Egypt introduced the Follow-up Unit at the one-stop shop. The unit is responsible for notarizing the company’s contract in addition to liaising with the tax office and the labor authority on behalf of the company.

    The competent authority must ratify them and issue a certificate of incorporation approving the establishment of the company. The follow up unit will then be in charge of following the application through the department of taxes, Companies Chamber of Commerce and National Authority of Social Insurance. Within 3 days the founders can collect the certificate of incorporation in addition to the tax registration ID. A file for the company will also be opened at the National Authority of Social Insurance.
    1 day no charge

    Applies to women only.