Egypt LLC

A limited liability company is a common form of legal entity in Egypt, referred to in full as a Limited Liability Company. The ownership of a limited liability company is collective ownership, where multiple shareholders jointly own the company. Shareholders of a limited liability company enjoy limited liability, meaning their personal assets are protected from the company's debts. A limited liability company does not require public participation in the market. The law sets no minimum registered capital for a limited liability company; it requires at least two and at most fifty shareholders and at least one director. A single founder uses the one-person company (OPC) instead, which must show its full capital by a bank certificate. For a limited liability company, opening an account for capital verification is not mandatory during the incorporation process; the capital verification deposit can be made into an account at a later stage. The limited liability company is a flexible, simple, and low-cost form of legal entity, suitable for small businesses.