Joint Stock Company


Ownership:

  • Consists of at least three shareholders, which could be individuals or legal entities.

Name:

  • Company’s name should be derived from its purpose, it can include name/names of the shareholders (according to the new amendments in the Companies Law no 159).

Capital

  • A.E capital cannot be less than EGP 250,000 if the company’s shares are not floated for private subscription (Private Subscription).
  • Capital may be paid in full 100% upon incorporation, or.

25% upon incorporation and the remaining amount shall be paid within five years from the date of incorporation

Liability:

Liability of a shareholder is limited to the payment of the value of the subscribed shares; he is not liable for the company’s debt except for the amount which he contributed to the company’s capital.

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