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 Our clients range from individual investors and start-up companies to some of the world's largest multinational companies. With our offices and long established relationships with local counsels throughout the world, we are well positioned to serve our client's domestic and international needs.
Islam Kellany
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AMIGOS Advocates
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:: JOINT STOCK COMPANY For Joint Stock companies whose shares are not offered to the public: • The minimum share capital is: LE 250,000 (US$70,000), • Stock exchange registration is obligatory after the third year's published accounts. For Joint Stock companies whose shares are offered to the public: • The minimum share capital is: LE 500,000, • Stock exchange registration is obligatory within one year of formation. Usually three founders are required, although a company established in a Free Zone only requires two founders. Upon application for incorporation, at least 10% of the nominal price of the share capital must be paid up to be increased to 25% within three months provided that issued capital is fully subscribed to. A joint stock company may also have authorized but un-issued capital at the time of incorporation. Those companies formed by public subscription no longer have to comply with the rule that 49% of the shares must be offered to the Egyptian public. |
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