Court of appeals: Companies are required to pay fees according to the capital of the headquarters

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Tuesday - 9 January 2018 - 11:47 AM


Cairo Chamber of Commerce obtained a judicial ruling from the Court of appeals obliging the branches of companies to pay the value of "two per thousand" annually of the value of the main headquarters’ Equity capital registered in the commercial register.



One of the companies filed a lawsuit demanding that the branches not be obliged to pay fees such as the main headquarters, prompting Cairo Chamber to file a lawsuit with the Court of appeals, which resolved the situation and obliged the branches to pay fees according to the capital of the main headquarters established in the commercial register.



Eng. Ibrahim Al-Arabi, Vice-President of the General Federation of Chambers of Commerce and the Chairman of the Cairo Chamber, said that the content of this judgement will be circulated to all chambers of the Republic during the coming period.


El-Araby pointed out that this judgement will add new fees to the chambers of commerce, which means increasing their financial revenues and offering new services to their merchants.