Incorporation of a company is considered as the first step in building a small or large economic entity where networks became intertwined after incorporation. Networks exist between the company and its clients, between the company and its employees, and inside the entity itself there are relations arouse between the partners regarding the management style, disposition of profits, and dividend ratio. Therefore, it is necessary to put the right foundation to the entity by notarizing and notifying this system at a trustworthy administrative body to save the rights of partners and all stakeholders.
Investment Law No. 72 of 2017 (which replaced Law No. 8 of 1997) is a mix of incentives and custom exemptions, alongside many means and guarantees to protect investors. Law No. 72 of 2017 and Companies Law No. 159 of 1981 and there amendments are among main laws regulate the investment climate in Egypt.
It is incorporated according to provisions of Law No. 72 of 2017, it operates in one activity or more than one stipulated in the first Article of the aforementioned law according to conditions prescribed for each activity. A normal person incorporates a Sole Corporation alone, and is considered a merchant in the rule of law. Minimum capital of a Sole Corporation should be L.E.100000, the law requires the person who wants to do business has to reach 21 years old and competent.
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