FAQ

Department

Question Topic Certificates Department
Question Content

 

What are the required documents and papers to extract a certificate

 

of origin for goods from foreign origin?

Answer

 

 

1. The company must have the signature models.

 

2-the company needs to have:

 

-The original certificate of origin for the goods that

 

have been imported are authorized and documented from

 

the Egyptian consulate (country of import).

 

-The origin release order contained the seal of an eagle.

 

- If these two documents are not available the Company can adopt

 

only Bill, in which is mentioned  the the goods' country of origin .

 

For more details, please contact the relevant department.

Question Topic Certificates Department
Question Content

 

What areTypes of Commercial Companies?

Answer

 

 

 

The company must take  commercial legal forms set by the law, otherwise

 

are declared invalid and these models have Originated in practical life and

 

some of them had found a long time ago, then the project was legalized

 

It is no doubt that the number of these legal forms of companies may come

 

in response to the requirements of economic life.

 

Commercial companies are divided into two major and distinct types:

 

First: individual companies called also quotas firms.

 

Second: Companies of funds also called equity firms. There is a third type besides

 

the mentioned. It carries the characteristics of each of the types previously and

 

called as companies with different nature because it's based on a personal account

 

from side and on the financial account on the other side, and my side overshadow

 

the other and everything will be showed in the right time.Thus, individual companies

 

are three types:

 

 

First : Partnership and Limited Partnership and joint venture.

 

Second: Funds companies:

 

These companies, on the contrary of the former type Does not rely on personal

 

accounts, which  does not have any role in these companies, but mainly based

 

on raising the necessary capital to exploit the company's activity.Thus,

 

the financial account occupies first place in these companies.

 

 

 

 

The obvious model for these companies is Shareholding Company, mostly

 

Fund companies have huge projects, that need large amounts of capital and

 

a limited number of partners are unable to afford As in the case of individual

 

companies. These companies depend primarily on public subscribers.

 

The company's capital is divided Into shares of equal value and are usually

 

low value shares so that a large number of low-income persons can subscribe

 

Shareholders' liability is limited, only they interested in the value of

 

subscribed shares.

 

Third: companies with dual nature:

 

In addition to the two former types there is a third type of companies

 

based on personal account and the financial account together, It is

 

companies of double nature mediates between individual companies and

 

fund companies .Individual account may exceed in these companies, which

 

are closely resemble to individual companies or the financial account

 

exceeds and in this case  resemble to  companies funds.

 

These companies including two types:

 

I-                    LLCs. (Limited liability companies)

 

II-                  Second: companies limited by shares

 

 We will talk about each type separately:

 

A-Limited liability companies

These companies are a relatively recent and entered the Egyptian

 

legislation for the first time by Law No. 26 of 1954, which Canceled by

 

Law 159 of 1981 and limited liability company is similar to individual

 

company  in terms of number of partners, which should not be more

 

than fifty partners, who their shares are not for trading . 

 

Their circulation  is subject to certain restrictions, the most important of which

 

is the possibility to retrieve these shares to partners, And it may not

 

be established through public subscription. Finally it is not allowed to

 

issue shares or bonds for trading. This company is close to

 

fund companies in terms of the management system and its

 

founding, and identifying the responsibility of the partners, who

 

their shares can inherit.

 

B - companies limited by shares:

 

These companies consist of two types of partners:

 

Sleeping Partners, who are not liable , except  for their own shares they provide.

 

These shares take the form of tradable shares, which do not differ from shares

 

in joint stock companies, And co-partners are similar to the general partners

 

in partnership companies and Limited companies. Hence they acquire trader status,

 

whose liabilities are absolute in all their money, and They manage the company.

 

 Finally  there are  six types of commercial companies

 

1-    Partnership.


2 - Limited Partnership.


3 - JSC. ( Joint stock companies)


4 - a company limited by shares.


5 –(LLC) the limited liability company.

 

These are the types of commercial companies in the Egyptian legislation .

 

Thus there are  these six types. The formation of the company relating

 

to public order, and it does not allow for individuals to make new types of companies

 

only these six types and anything is considered null and void.

Question Topic Certificates Department
Question Content

What are the Documents and papers required for

 

limited liability companies, individual companies,

 

Partnership firms And limited partnership companies?

Answer

 

1- Complete the registration application signed from the Chairman or

 

Managing Director or Director, Who has the right of signing and

 

management in front of the employee in charge or signature certified

 

from from the Bank or the legally authorized representative under

 

the power of attorney (POA).

 

 

-An official copy of  the company's contract According to the latest amendments

 

were registered and authorized in the Commercial register.

 

It is sufficient to submit the last contract of founding  or modification

 

(As long as the preliminary review all required data For registry) Provided that

 

all data are authorized and matching commercial register.

 

-Extractor of valid commercial register including main branch address, And import

 

within the company's purpose, The names of the Board of Directors members and

 

who has the right of management and sign on behalf of the company.

 

- Capital of the company must be at least 15,000 pounds for the old company,

 

which spent one year or more in practicing the trade. In this case, the company

 

must offer last budget approved by the tax, in which capital is mentioned.

 

-If the company of recent date is less than one year. It can register

 

provided that its capital at least 20,000 and in this case provided a certificate

 

from an accredited banks in which was deposited at least 15,000 Egyptian pounds

 

(public sector companies are exempt ).

 

4-Copy of Tax card with full data and matching to the commercial register data

 

(exempted public sector companies).

 

Submitting the following documents from the Chairman and 

 

the Board of Directors members and managers who have a right of

 

management and Signing and their names  registered and listed in

 

 the commercial register (exempted public sector companies).

 

a- Adoption of the criminal Status according to the Ministerial Decree (361) for the year 2005.

 

b-Personal identification: copy of identity document

 

c-To prove Nationality: official extractor of birth certificate 

 

But The foreigners should bring card of the Egyptian nationality at least 10 years

 

until the application date.

 

d-The decision to accept the resignation or termination decision for former

 

government employees in Public sector or Public business Sector or LGUs.

 

and must have been left for work from any of these entities (at least two) each.

 

If he works in a similar work for business (if found).

 

6-A copy of the newspaper publication companies in which contract formation

 

of limited liability company and its statute, as well as a copy of the issues in which

 

published  the amendments to the company's contract  and must cope with commercial registry data.

 

7-Fulfillment of importers register statement, which is signed by the concerned person

 

(the Chairman of the Board or the Managing Director or the Director in charge of the company) 

 

i.e. the person who has the right of management and signing on behalf of the company

 

in front of  the official in charge or certified  signing from authorized  bank.

 

Note:

 

Number of commodity groups (21 groups) And the importer has the right  to register

 

the groups of commands requested According to the import activity and

 

company's commercial register.

 

Registering the group of commodities issued for a period of five years, and renew it

 

every five years, And should submit a request for renewal of registering during

 

the last ninety days prior to the end of registering, in order not to double  the fees

 

during the last ninety days subsequent to the end of the registering, which resulting

 

in  cancellation of  the registering  administratively, if he did not propose a request.

 

The card must be reviewed before the packaging or receipt.

 

 

The Fees:

 

- (3000) pounds (three thousand pounds) Insurance submitted with the registration application.

 

- (500) pounds (five hundred pounds) registration fees for the first time and re-registering 

 

maximum of ten commodity groups.

 

- (50) pounds (fifty pounds) fee for adding each commodity group more than the maximum indicated.

 

- (10) Pounds (ten pounds) publication fee for registering.

 

- (5) Pounds (five pounds) fee to extract an image or copy.

 

- (15) LE (fifteen pounds) commercial syndicate fee.

 

 

Stamps:

 

 One pound (ninety pounds stamp + ten piasters resource development fee)

 

on documents according to Stamp Act.

 

 

Question Topic Certificates Department
Question Content

 


What are the Documents and papers required for

the registration of companies of funds- joint stock companies

companies limited by shares?

Answer

 

 

1- Complete the registration application signed from the Chairman or Managing Director or

 

Director,Who has the right of signing and management in front of the employee in charge or

 

signature certified from the Bank or the legally authorized representative under the power of

 

attorney(POA),Whether general or particular.

 

 

2- a copy of the Newspaper Publishing Companies, in which contract  set up, the company

 

configuration, and its fundamental system according to the latest amendment to the

 

company's contractor statute and matching CR data (considered a proof of capital), as well as

 

newspaper companies amended any changes in the company.

 

 

3- Extractor of valid commercial register including main branch address, And import within

 

the company's purpose, The names of the Board of Directors members and who has

 

the right of management and sign on behalf of the company

 

 

4- Copy of Tax card with full data and matching to the commercial register data

 

(exempted public sector companies).

 

 

5- Submitting the following documents from the Chairman and  the Board of Directors members

 

and managers who have a right of management and Signing and their names  registered

 

and listed ithe commercial register (exempted public sector companies).

 

a- Adoption of the criminal Status according to the Ministerial Decree (361) for the year 2005.

 

b-Personal identification: copy of identity document

 

c-To prove Nationality: official extractor of birth certificate 

 

But The foreigners should bring card of the Egyptian nationality at least 10 years until the

 

application  date.

 

d-The decision to accept the resignation or termination decision for former government

 

employees in Public sector or Public business Sector or LGUs. And must have been left

 

for work from any of these entities (at least two) each. If he works in a similar

 

work for business (if found).


 


 6 -fulfillment of the importers register statement, which is signed by the concerned person

 

(the Chairman of the Board or the Managing Director or the Director in charge of the company)

 

 i.e. the person who has the right of management and signing on behalf of the company

 

in front of  the official in charge or certified  signing from authorized  bank.

 

1-Number of commodity groups (21 groups) And the importer has the right  to register

 

the groups of commands requested According to the import activity and

 

company's commercial register.

 

2-registering the group of commodities issued for a period of five years,

 

and renew it every five years, And should submit a request for renewal of registering

 

During the last ninety days prior to the end of registering, in order not to double the fees

 

during the last ninety days subsequent to the end of the registering, which resulting

 

in  cancellation of  the registering  administratively, if he did not propose a request.

 

 

3- the card must be reviewed before the packaging or receipt.

 

 

The Fees:

 

- (3000) pounds (three thousand pounds) Insurance submitted with the registration application.

 

- (500) pounds (five hundred pounds) registration fees for the first time and re-registering

 

 maximum of ten commodity groups.

 

- (50) pounds (fifty pounds) fee for adding each commodity group more than the maximum indicated.

 

- (10) Pounds (ten pounds) publication fee for registering.

 

- (5) Pounds (five pounds) fee to extract an image or copy.

 

- (15) LE (fifteen pounds) commercial syndicate fee.

 

Stamps:

 

 

One pound (ninety pounds stamp + ten piasters resource development fee) on documents

 

according to Stamp Act.

 

Question Topic Commercial division
Question Content

what is the role of the Commercial Division Department?

Answer

 

      The role of the divisions’ administration is very effective, atypical, and renewable,

 

        it includes:

 

 

     1- Procedures related to creating the division and procedures of issuing

 

          a ministerial resolution for it.

 

 

      2- Election procedures for the formation of business divisions and the election

 

          of its offices.

 

 

      3- Coordinating and scheduling the date of meetings for the different divisions.

 

 

      4- Good preparation in addition to contacting the related sectors to attend

 

           and enrich discussions in the different divisions to reach effective

 

          recommendations, which serve the business community.

 

 

     5- Distributing invitations issued by the division heads for meetings.

 

 

     6- Continuous coordination with division heads and members in order

 

          to reach an implementation for meeting recommendations.

 

 

      7- Preparing and drafting memos of the meetings recommendations.

 

 

      8- Drafting meeting transcripts.

 

 

      9- Preparing and distributing invitations. Communicating with entities concerned

 

           to carry out meetings with the heads and bodies of quality division offices.

 

 

     10- Continuous reception of heads and members of the division to help them

 

           finish their requirements in the chamber, and explain some of the laws

 

           and relevant regulations.

 

 

     11- Participating through meetings with detailed explanation of the rules

 

           and regulations related to the meetings, in order to commit to the meetings schedule.