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Comprehensive Guide to Incorporating Corporations and Partnerships in the Commercial Register

This guide outlines the essential requirements for incorporating corporations, including joint stock companies, partnerships limited by shares, and limited liability companies. Key documents include powers of attorney, identification of founders, bank certificates confirming capital deposit, and title deeds for project locations. Special considerations apply for land reclamation and cultivation operations, requiring compliance with relevant licenses. Additionally, it addresses trademark registration and the submission of expert reports for in-kind shares, ensuring compliance with commercial regulations.

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Comprehensive Guide to Incorporating Corporations and Partnerships in the Commercial Register

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  1. Investment Authority Services Corporations (Joint stock companies, partnerships limited by shares and limited liability companies)

  2. 2 • Incorporation: Corporations (Joint stock • companies, Partnerships Limited by Shares, • and Limited Liability Companies) • Documents Required • 1) Copies of powers of attorney from all founders or partners provided that the power of attorney covers the powers • to incorporate a company. • 2) Copies of ID (national number) or passports of founders or partners.

  3. 3 • 3) A bank certificate proving that 10% of the issued capital has been deposited is required in case of joint stock and • partnerships limited by shares, and in case of limited liability companies, a bank certificate proving that the capital • is fully paid.

  4. 4 • 4) A Copy of the Bar Association card for the lawyer who signs the Articles of Incorporation. • 5) Title deed of the project location (or declaration to submit the title deed within a year as of the date of registration • at the Commercial Register). In the event that the company operates in land reclamation and cultivation the following • must be observed:

  5. 5 • a- If the company’s assigned location is still in progress, incorporation shall not be carried out unless the title • deed of the project location is submitted. • b- If the company’s location is not yet assigned, incorporation may be carried out provided that the following statement

  6. 5-1 • be added to the incorporation certificate/decree: “this certificate or decree shall not entitle the company • to operate unless all necessary licenses and approvals for operating in the field of land reclamation and cultivation • are obtained from the competent bodies and in accordance with the applicable rules and procedures and • this certificate or decree shall not be deemed codification of any status prior to the company’s incorporation.

  7. 6 • 6) Commercial Register-approved Certificate of Non-confusion of the trade mark. • 7) An extract of the Register of Accountants and Auditors proving that the company’s accounts are registered in the • Register (according to the type of company). • 8) In the event that the capital of Joint stock companies/partnerships limited by shares include in kind shares, the

  8. 7 • following must be submitted: • - The original report of GAFI -formed committee on the valuation of the in kind shares (to be sent to the Department).

  9. 7-1 • 9) In the event that the capital of limited liability companies include in kind shares, it would be sufficient to present only a report by experts from professions regulated by the Law, as per the type of each share • Khaled a samra • gafi

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