Digital service introduced for company incorporation

In September 2023, the Egyptian General Authority for Investment and Free Zones (GAFI), introduced an innovative digital service allowing companies to complete their incorporation procedures through the authority’s digital portal.  

In an effort to support and guide investors through technological advancement, GAFI has released an official guide providing detailed information on the requirements for establishing a company, step-by-step instructions, associated costs, and estimated timelines. The primary goal is to simplify and expedite the process, eliminating the bureaucratic hurdles that have previously challenged both young entrepreneurs managing small and medium-sized enterprises (SMEs) and large multinational investors.

Key highlights from the guide

One significant requirement outlined in the guide is the necessity of an electronic signature. Investors must obtain this electronic signature from licensed providers, such as Egypt Trust or Misr for Central Clearing, Depository, and Registry. Both of these companies offer this service electronically.

The steps to electronically incorporate a company are as follows:

1. Register via the GAFI digital portal and create a workspace.
2. Fill out the relevant application and upload the required documents as indicated. 
3. Make payment for all associated fees via the user’s credit card.  
4. Electronically sign the company’s documents using an e-signature. 

Applicants can easily track the progress of their applications through the GAFI portal or receive updates via email.

GAFI will then manage the remaining procedures through one of its representatives, acting as a proxy for the investor. These procedures include obtaining a Tax ID, acquiring the company's commercial register, and registering the company with Egypt Social Security.

Upon completing all the necessary procedures, the company's documents can be either mailed or collected from one of GAFI's service centers.

Conclusion

The new service exemplifies Egypt’s commitment to advancing digital transformation and its efforts towards becoming a fully digitalized country. It is expected to streamline the company incorporation process in Egypt, making it more accessible and efficient for domestic and foreign investors alike.