Business Solutions - Choosing a Name
Business Solutions – Starting a Business
1 - Choosing a Name
You can start a business in Luxor by applying for a local license which will allow you to carry on a certain activity at a certain address. If you move then you reapply for a license to match the new premises. Alternatively, you can start a company which is licensed to work throughout Egypt.
The first step to starting a company is to check the proposed company name as you cannot use a name that has already been registered by someone else. The check is on the name itself not on the type of company it is. For instance if you want to register Dreams of Egypt, the check will be on Dreams of Egypt not on Dreams of Egypt Ltd. Only if there is no other business called Dreams of Egypt will you be allowed to continue with the registration process.
When the name has been checked a Certificate of Non-Confusion is issued. This means that nobody else is legally using the name in Egypt and that you are free to register it as the name of your business. This, as the name implies, states that there is no confusion with other legally operating businesses. To ensure that existing legally operating businesses are protected, this Certificate is mandatory in the registration process. If a business is operating illegally and avoiding tax then it is not protected as legally it does not exist.
The Certificate will hold the name for you while you are getting the rest of the papers together. However, the time you can hold the name for is limited as it would be considered unfair to hold a name that you did not want but the certificate can be renewed on a regular basis until the process is complete.
Starting a Business 2 - Proxies
