Formation

• One Person Company is a company that is wholly owned by a single person, whether an Egyptian national or a foreign national and whether natural or juristic, with obligation of appointing legal auditor. It is a limited liability company : the founder of the company shall only be liable for the company's obligations within the allocated shared capital. However, for certain cases, the founder of the single person company may become liable for the company’s liabilities. Such cases include liquidating the company in bad faith and the failure to separate between the founder’s financials and the financials of the company.
• This company is managed by one or more managers, whether if it’s founder or not, whether Egyptian or foreigner.

All the above companies’ structures Except representative offices are subject to corporate tax rate of 22.5%. The sole proprietorships’ tax ranges from 10% to 22.5%.

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