Wikiprocedure

Egypt - Renewal of Capital Goods Finance Company License

Page Discussion

Advertisement

ProcedureEdit

Apply In Person:

  1. To Renewal of Capital Goods Finance Company License in person, the applicant has to approach the Central Bank of Egypt link
  2. The applicant must visit the office to obtain an application form for Renewal of Capital Goods Finance Company License from the respective department, as per the required criteria.
  3. The applicant must fill in all the necessary details on the application form.
  4. Once the application form has been filled out, the applicant should attach all the necessary documents, such as a copy of their current banking license, a copy of their Articles of Association, audited accounts, and evidence of capital adequacy, all of which can be found under the "Required Documents" section of this page.
  5. A fee for this procedure is has to be paid as per the authority’s request.
  6. The applicant should submit their application and relevant documents to the CBE for review, and the CBE will then assess and decide whether to approve the renewal.
  7. After submitting the applicant application, the Central Bank of Egypt will review it and may request additional information to complete the process.
  8. The applicant must wait for the Central Bank of Egypt to review their application and make a decision.
  9. Meanwhile, the applicant can also inquire at the office to find out the status of their application.
  10. Once all the internal processes are completed, the application will be approved, and the applicant will be notified of the approval via phone or email.
  11. After receiving their notification, they can get a new Capital Goods Finance Company License , valid for three years.
  12. The processing time for a Capital Goods Finance Company License is 30-45 days from the date of submission.



Advertisement

Required DocumentsEdit

  • A copy of the company’s Articles of Association
  • A copy of the company’s Memorandum of Association
  • A copy of the company’s Certificate of Incorporation
  • The company’s registration number
  • A copy of the company’s current license
  • A list of the company’s shareholders
  • A copy of the company’s audited financial statements



Office Locations & ContactsEdit

Central Bank of Egypt
Map. Address: 54 El Gomhoureya St. 11511,
Cairo Governorate, Egypt.
E-mail: [email protected]
Contact number of Central Bank of Egypt: 02 27702770.
Telephone: 16777.
Contact link

Egyptian Financial Supervisory Authority
Address: EFSA's headquarter in Cairo (1)
28 Talat Harb street
P.O box 25450 Cairo
Second and third floor
Telephone number: 25758807 / 25758423/ 25758822/ 25762994
Fax number: 25758581/ 25758645
For further information please contact the call center- 19053

Address: EFSA's headquarter in Cairo (2 )
20 Emad Eldeen Street
Fourth, fifth and sixth floor
Cairo P.O box 618, postal code 11111
Telephone number: 25798316/ 25772277/ 25798313
Fax number: 25789312

Address: EFSA's headquarter in Giza
Elmanstrli Towers Elbaher Elaazam street Giza
Second floor
Telephone number: 35737179
FAX number: 35736721
E-mail address: [email protected]
Contact link


EligibilityEdit

  • To be eligible for renewal of a Capital Goods Finance Company License in Egypt, the applicant must be a company incorporated in Egypt with a minimum paid up capital of EGP 10 million and a tangible net worth of at least EGP 10 million.
  • The applicant must also have a track record of at least three years of operating as a Capital Goods Finance Company in Egypt.



FeesEdit

  • A fee for this procedure is has to be paid as per the authority’s request.



ValidityEdit

  • Banking Business license validity is 3 years.



Documents to UseEdit

Please attach documents that can be used by people. e.g. links



Sample DocumentsEdit

Please attach sample completed documents that would help other people.



Processing TimeEdit

  • The processing time for a Capital Goods Finance Company License is 30-45 days from the date of submission.



Related VideosEdit

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.



InstructionsEdit

  • Contact the Central Bank of Egypt. The Central Bank of Egypt is the regulator responsible for overseeing collective investment schemes in Egypt.
  • Prepare the necessary documents and information required by the Central Bank of Egypt. This includes a business plan, financial statements, legal documents, and due diligence reports.
  • Submit the application and documents to the Central Bank of Egypt. It is important to ensure that all documents are complete and accurate.
  • Pay the relevant registration fees. The Central Bank of Egypt will assess the application and make a decision.
  • If the application is approved, the Central Bank of Egypt will issue a renewal certificate.



Required InformationEdit

  •  The name of the company
  • The company's objects or authorized business
  • That the company can enter into a legally binding agreement
  • The name of the first directors of the company
  • That the powers of the directors are limited in accordance with the law
  • The number of shares in which the company is registered
  • The number of shares each subscriber will own on incorporation and the amount payable for the shares
  • A declaration that the liability of the members of the company is limited
  • A business plan and financial projections (income statement, balance sheet, and cash flow) for the first five (5) years of operations.
  • Details of assumptions upon which the financial projection has been made.
  • Name of the Applicant
  • Address of the Applicant
  • Location of capital goods finance business
  • License Number
  • Other information that relates to the viability of the business.
  • Information on capital and documentary evidence of sources of funds.
  • Information on other matters that applicant considers relevant for the determination of the application and
  • Such other additional information or particulars which the Bank of Ghana deems appropriate or may require for the determination of the application.



Need for the DocumentEdit

  • The Renewal of Capital Goods Finance Company License is necessary in order to ensure that the company meets the legal requirements to operate in Egypt and to maintain its credibility and trustworthiness in the eyes of its customers and partners.
  • The license also ensures that the company is adhering to the government's regulations and guidelines when it comes to providing capital goods finance services.
  • It is also a requirement for the company to remain in good standing with the Central Bank of Egypt, which sets and enforces regulations for the banking and finance sector in the country.



Information which might helpEdit

Enter other informations which might help.



Other uses of the Document/CertificateEdit

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.



External LinksEdit

Link
Link


OthersEdit

More information which might help people.



Retrieved from "https://www.wikiprocedure.com/index.php?title=Egypt_-_Renewal_of_Capital_Goods_Finance_Company_License&oldid=77165"