Third: Money companies

One-person company is one of the results of the largest amendment of its kind on the law of companies, as one of the axes of amending the economic legislative structure, as was added to Chapter 2 of the Chapter 4 Companies Law under the title "One-person company" in order to encourage small and medium enterprises and entrepreneurship.

It is characterized by being limited liability, with the value of the capital provided by its owner and not exceeding that of his own money, which encourages the investor to invest a certain part of his money by establishing this company.

The one-person company shall have a basic system, including its name, purposes, data of its founder, its duration, how it is managed, the address of its head office, its branches if any, the amount of its capital, its liquidation rules and any other data specified by the executive regulations

The documents required for incorporation

Required Documents :

1- A bank certificate with a deposit of 100% of the capital

2- A copy of a valid national ID card for the company founder

A recent commercial record for the legal person

3- A power of attorney to establish companies from the founder

4- A fixed tenancy rental contract from the real estate registry

Minimum capital: ☚ 50,000 EGP