Is there a requirement to have a fully paid up share capital at the point of incorporation in Egypt?
The share capital of a JSC must be paid as follows:
- a minimum of 10% deposit at incorporation;
- a minimum of 15% paid within a maximum of three months from the date of incorporation; and
- the remaining 75% is to be paid within a maximum of five years from the date of incorporation.
LLCs can be set up without their capital being deposited at incorporation, which can take place after incorporation.