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​For the purpose of facilitation for investors:

The General Authority for Investment and Free Zones (GAFI) reduces the number of documents required from companies

GAFI has reduced the number of documents required form companies to obtain post-incorporation services, to save time and effort for customers and GAFI's employees.

Mr. Hossam Heiba, GAFI CEO, said that reducing the documents required from companies is a first step within a plan of action to follow the best international standards to improve the investment environment, and apply the principles of governance and transparency, in accordance with the state's administrative reform plan and the "Egypt 2030" vision.

Counselor Tamer Al-Batanouni, GAFI CEO Deputy, said that the decree ensures the acceleration and simplification of procedures, in accordance with the provisions of the Investment Law, and the companies' commitment to their legal responsibility, without prejudice to the legal and procedural discipline of the investment environment.

GAFI CEO Decree stipulated to strike off a number of documents, which companies were previously obligated to submit in order to obtain post-incorporation services, provided that the companies keep all documents and papers subject to striking off, and are obligated to submit them to GAFI upon request.

The striking off decree included documents requesting accreditation and acknowledgment of the validity of the information, letters of nomination of members and directors of companies, authorizations to attend meetings, a deed of possession of the company’s branch or site, minutes of BoD's meeting, minutes of all partners to amend the company’s articles of association, declarations of acceptance of the appointment of members and directors of companies, and their resignations as well.

Moreover, GAFI strikes off companies' obligation to submit a document for appointing auditors, declarations of acceptance and apology of their appointment, and death certificates upon death.

In the event of death of one of the partners or shareholders, GAFI used to request the receipt of a death certificate, a decree of distribution, a certificate from the auditor of the distribution of the inheritance according to the legal succession, and a certificate from the Egyptian Stock Exchange to distribute the shares of the deceased among the heirs, but GAFI strikes off such documents but companies must keep them and shall submit these documents to GAFI upon request.

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