Corporate

 

International Center for Law& intellectual Property and Arbitration (ICLIPA) incorporate all types of foreign investments, ICLIPA’s team of corporate experts undertakes legal transactions for both entities and individuals, registers, offers sound legal advice and handles all client’s legal and business agreements regardless of their companies’ location. ICLIPA Corporate Department professionally delivers the following services:

• Preparing and drafting the contracts and agreements on behalf of our clients including partnership agreements, distribution and agency agreements and employment contracts.

• Establishment off all kind of companies, including limited liability companies, Joint Stock companies, foreign companies, branches of foreign companies and representation offices

• Providing our client’s with all matters related to establishing companies, including any amendments of information relevant to the company or the partners, merger and acquisition, changes in the type of the company and capital

• Representing our clients in all procedures concerning bankruptcy and liquidation

• Providing the legal advices related to Tax planning strategies of companies

Establishment request to submit to the competent authorities

A copy of proof of personal or passports of the partners or shareholders

In case of setting up funds is to provide certificate of non-ambiguous name of the company with any other company records found

Bank certificate of deposit of 10% of the value of the issued capital of the joint stock company
 
Bank certificate of deposit of the entire capital of the Limited liability company.

A Power of Attorney duly legalized up to the Egyptian Consulate.




Submit a request to the competent authorities of the foreign company under section

4 copies of the Regulations of the parent company abroad or an official extract from the Commercial Register of the foreign company certified by the Egyptian consulate abroad, the Egyptian Foreign Ministry accompanied with a translation into Arabic

4 copies of the parent company abroad, opened a branch in Egypt accompanied by a translation into Arabic duly legalized up to the Egyptian consulate abroad.

4 copies of the company's decision to appoint a director of overseas branch in Egypt, confirming it duly legalized up to the Egyptian consulate abroad and accompanied with a translation into Arabic.

4 copies of the parent company not already opened a branch of the company in Egypt

A copy of the lease or ownership of the headquarters of the branch in Egypt>

 

Bank certificate proves that there are an amount have been transferred to the forging company.

A Power of Attorney duly legalized up to the Egyptian Consulate.

Foreign companies can establish in Egypt representation, liaison, or scientific offices. The object of such offices is limited to studying the Egyptian market and exploring the possibility for their companies to manufacture or carry out business in Egypt, but without actually performing by themselves any kind of commercial activity including commercial agency work, or performing any activity which may generate income.

Representation, liaison, or scientific offices should be registered at the Companies Department before they are allowed to work in Egypt.

However, foreign pharmaceutical companies may apply to the Ministry of Health to open scientific offices in Egypt and if the Ministry of Health approves their request, they may register their scientific offices at the Imports and Exports Control Authority (under the Ministry of Foreign Trade), instead of the Companies Department. This kind of registration allows scientific offices of pharmaceutical companies to make promotions in Egypt for their pharmaceutical products. Such scientific offices may also receive on behalf of their companies the royalty on the foreign pharmaceutical products, which are manufactured by Egyptian pharmaceutical companies by license from the foreign companies.

Scientific offices may also receive a promotion allowance from the Egyptian pharmaceutical companies if they make the necessary promotions for the locally manufactured products by themselves.

The manager of the representation, liaison, or scientific office can be a foreigner. But the manager of a scientific office of a pharmaceutical company, which is registered at the Imports and Exports Authority, must be an Egyptian who is a licensed member of one of the medical professions in Egypt.

Since representation, liaison, and scientific offices cannot exercise any commercial activity that could generate income, they are not subject to the corporate tax and their employees do not enjoy any profit-sharing rights.


To register a representative office, we have to submit an application to the commercial registration department with the following documents:

1. A legalized copy of the articles of incorporation or a memorandum of association of the foreign company with a recognized translation thereof.


2. A legalized copy of the company's board of director’s resolution to establish a representative office in Egypt to study the Egyptian market and explore production possibilities without being engaged in any trading or profit -oriented activities.
   
   
3. Appoint a manager for the representative office who have to submit an admission that the object of said office is limited to studying the Egyptian market and exploring the possibility for their companies to manufacture or carry out business in Egypt, but without actually performing by themselves any kind of commercial activity including commercial agency work, or performing any activity which may generate income.


4. A certificate from one of the accredited banks in Egypt stating that the foreign company has a convertible foreign currency balance (no minimum amount is required) and that the currency has been transferred from abroad.
   
   
5. A receipt proving that the company has paid the official fees.


6. A copy of the rental contract of the representative office in Egypt.


7. A Power of Attorney duly legalized up to the Egyptian Consulate