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Investment Authority Services

Investment Authority Services. Corporations (Joint stock companies, partnerships limited by shares and limited liability companies). 2. Incorporation: Corporations (Joint stock companies, Partnerships Limited by Shares, and Limited Liability Companies) Documents Required

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Investment Authority Services

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  1. Investment Authority Services Corporations (Joint stock companies, partnerships limited by shares and limited liability companies)

  2. 2 • Incorporation: Corporations (Joint stock • companies, Partnerships Limited by Shares, • and Limited Liability Companies) • Documents Required • 1) Copies of powers of attorney from all founders or partners provided that the power of attorney covers the powers • to incorporate a company. • 2) Copies of ID (national number) or passports of founders or partners.

  3. 3 • 3) A bank certificate proving that 10% of the issued capital has been deposited is required in case of joint stock and • partnerships limited by shares, and in case of limited liability companies, a bank certificate proving that the capital • is fully paid.

  4. 4 • 4) A Copy of the Bar Association card for the lawyer who signs the Articles of Incorporation. • 5) Title deed of the project location (or declaration to submit the title deed within a year as of the date of registration • at the Commercial Register). In the event that the company operates in land reclamation and cultivation the following • must be observed:

  5. 5 • a- If the company’s assigned location is still in progress, incorporation shall not be carried out unless the title • deed of the project location is submitted. • b- If the company’s location is not yet assigned, incorporation may be carried out provided that the following statement

  6. 5-1 • be added to the incorporation certificate/decree: “this certificate or decree shall not entitle the company • to operate unless all necessary licenses and approvals for operating in the field of land reclamation and cultivation • are obtained from the competent bodies and in accordance with the applicable rules and procedures and • this certificate or decree shall not be deemed codification of any status prior to the company’s incorporation.

  7. 6 • 6) Commercial Register-approved Certificate of Non-confusion of the trade mark. • 7) An extract of the Register of Accountants and Auditors proving that the company’s accounts are registered in the • Register (according to the type of company). • 8) In the event that the capital of Joint stock companies/partnerships limited by shares include in kind shares, the

  8. 7 • following must be submitted: • - The original report of GAFI -formed committee on the valuation of the in kind shares (to be sent to the Department).

  9. 7-1 • 9) In the event that the capital of limited liability companies include in kind shares, it would be sufficient to present only a report by experts from professions regulated by the Law, as per the type of each share • Khaled a samra • gafi

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