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Company Conversion from Operation under the Investment Law to Operation under Law No. 159 of 1981

​Company Conversion from Operation under the Investment Law to Operation under Law No. 159 of 1981

​Company under the Investment Law 

1. A request signed by the BoD chairperson or the managing director and bearing the company's seal to carry out the conversion proceedings.
2. GAFI Committee valuation report in respect of the net equity of the company (in respect of partnerships – limited liability companies).
3. The original minutes of the extraordinary general meeting (or the minutes of meeting of all partners in case of partnerships) including the approval on conversion (the required documents in the request for ratification of the minutes of the extraordinary general meetings must be submitted as well).
4. A certificate of non-confusion
5. Powers of attorney made directly to evidence the conversion in case of partnerships.
6. An authorization or a power of attorney made by the BoD chairperson, bearing the company's seal, and entitling the attorney to give and receive documents.
7. The company's investment gazette + all amendments.
8. A recent (maximum 3 months old) official copy of the commercial registry.
9. A copy of the applicant's personal ID.
10. A copy of the new articles of association in accordance with Law No. 159 of 1981 preceded by a preamble stating a background on the development of the company since the incorporation date until the conversion date signed by the duly authorized representative of the company.
11. An acknowledgment by the company to the effect that it will be deprived of the privileges and guarantees (if any) set out under the Investment Law.
12. Service fees payment receipt.
13. In the event that any of the company's added objects requires that (prior) special approvals be obtained under the applicable laws, the approvals of the appropriate bodies must be submitted.

​Ratification of the minutes of the extraordinary general meetings.  EGP 800 per each copy

Company conversion agreement. EGP 400
A certificate of shares issuance converting a partnership, governed by the provisions of Law No. 72 of 2017, into a joint stock company.  EGP 400 

​3 business days from the day subsequent to the date on which the completed application has been duly received.

E-Portal , ISC

Via the E-portal
1. Register and create your account and workspace and get the authority to deal with the company on the portal www.gafi.gov.eg, then choose the service and provide the required documents, and we will review them.
2. Pay fees using credit cards, and sign documents electronically.
3. We will send all the modification documents to your workspace on the portal.

Via ISC

1. Select the service; take a number from the queue machine , and the documents will be reviewed.
2. Go to the relevant window at the General Department for Legal Affairs of Companies (Amendments Department) to have the relevant application technically reviewed, and then pay the service fees in cash at the cash desk.
3. Visit GAFI to receive the following documents:
* In respect of corporations: the two minutes of the extraordinary general meetings and the converting articles of association, after having been approved by GAFI. Visit the Egyptian Bar Association to have the articles endorsed; then go to the Real Estate Registration and Notarization Department to have it notarized, and then to the Commercial Registry to enter it into the commercial registry of the company.
* In respect of partnerships: the converting articles of partnership will be handed over after the obtainment of the approval of the Financial Regulatory Authority ("FRA"). After that, visit the Egyptian Bar Association to have the articles endorsed; then go to the Real Estate Registration and Notarization Department to have it notarized, and then to the Commercial Registry to enter it into the commercial registry of the company.

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