As per the Companies Law No. 159 of 1981, the number of partners in the Limited Liability Company shall be two and up to fifty partners, each of whom shall not be liable except to the extent of their individual share, which means that they are not liable for the company’s debt except for the amount which they contributed in the
Shareholders may be natural persons or corporate bodies.
LLC can be 100% foreign owned and managed.
Partners may not offer shares through public subscription nor list them on the Egyptian Stock Exchange.
Company’s name may be derived from its purpose and it may include the name of one or more partners.
No minimum capital required for a limited liability company.
Written by: Ahmed Salah - Junior Associate