Procedures for setting up a company Pursuant to the investment law

• Documents required:

•  Bank certificate proving the depository of 10% of a joint stock company's capital or total capital for limited liability companies.
•   Photocopy of the ID or the passport of the founders or the owner and photocopies of the minor's birth certificates, if applicable
• Power of attorney from the founders to their representative.
•  Photocopy of a lawyer’s card registered at the lawyers' syndicate not inferior than a primary lawyer, signed and sealed by the lawyer.
•  Ownership document or any document proving land allocation to the project or an assertion to present the ownership document within a year from establishment date.

Procedures:

•  The investor presents the required documents to the establishment unit to revise the establishment contract with GAFI's lawyer.
• Presenting the file to the establishment follow up officer to undertake the following :

- Estimate the fees.

- Conclude the procedures with the following bodies:

1.  Lawyer's syndicate.
2.  Capital market authority.
3.  Investment notarization office.
4.  Union of trade chambers
5.   Commercial registry.

•  Procedures are concluded and the company will be registered in the commercial registry within two working days.

All these procedures are performed at the “One Stop Shop”.