Tax Automation Services in Egypt
What is Tax Automation? Tax automation refers to the digitization of all tax procedures—moving from manual, paper-based systems to fully electronic platforms. It aims to make the Egyptian tax system more efficient, transparent, and user-friendly for taxpayers.
Tamer mohamednosair - • Tax services and everything related to taxes
What is a General Partnership?
Copy- A General Partnership is a business entity formed by two or more partners, all of whom are jointly and personally liable for the company’s obligations.
- It is considered one of the simplest types of companies, often used for small or medium-sized businesses.
Key Characteristics of a General Partnership
Copy- Unlimited Liability: Partners are personally and jointly liable for all debts and obligations of the company.
- Trade Name: Usually includes the name(s) of one or more partners followed by “and Partners”.
- Personal Trust: The partnership is based on mutual trust between partners; shares cannot be transferred without the others’ approval.
- Non-Tradable Shares: Shares cannot be sold or traded publicly like in corporations or LLCs.
Steps to Establish a General Partnership in Egypt
Copy- Drafting the Partnership Agreement: It includes partner details, capital, management structure, profit and loss distribution, and business address.
- Contract Authentication: The agreement is notarized at the official Real Estate Registration Office.
- Commercial Registration: The company is registered in the Commercial Register via the General Authority for Investment (GAFI).
- Tax ID and Insurance File: Necessary to begin legal operation of the business.
Required Documents
Copy- National ID copies of all partners.
- Notarized partnership contract.
- Payment receipt for registration fees.
- Application form from GAFI.