Joint Stock Company
- Consists of at least three shareholders, which could be individuals or legal entities.
- 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).
- 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.