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==Procedure==
'''Apply In-Person:''' 
#To Renewal of Banking Business License in person, the applicant has to approach the Central Bank of Egypt [http://www.fra.gov.eg/content/efsa_en/efsa_pages_en/contact_page_en.htm link]
#The applicant must visit the office to obtain an application form for Renewal of Banking Business License from the respective department, as per the required criteria.
#The applicant must fill in all the necessary details on the application form.
#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.
#A fee for this procedure is has to be paid as per the authority’s request.
#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.
#After submitting the applicant application, the Central Bank of Egypt will review it and may request additional information to complete the process.
#The applicant must wait for the Central Bank of Egypt to review their application and make a decision.
#Meanwhile, the applicant can also inquire at the office to find out the status of their application.
#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.
#After receiving their notification, they can get a new Banking Business License, valid for five years.
#The processing time for a Renewal banking License is 30-45 days from the date of submission.
 
 
==Required Documents==
*A copy of the existing Banking Business License
*A copy of the latest audited financial statement
*A copy of the latest board resolution authorizing the renewal of the Banking Business License
*A statement of the capital of the bank
*A list of shareholders
*Copies of identification documents of the bank’s shareholders
*A copy of the bank’s Articles of Association
*An up-to-date list of the bank’s directors
*Copies of identification documents of the bank’s directors
*A copy of the bank’s risk management policy
*A copy of the bank’s internal control system
*Proof of payment of required renewal fees
 
 
==Office Locations & Contacts==
'''Central Bank of Egypt''' 
Address: 54 El Gomhoureya St. 11511, 
Cairo Governorate, Egypt. 
E-mail: info@cbe.org.eg 
Contact number of Central Bank of Egypt: 02 27702770. 
Telephone: 16777. 
[https://www.cbe.org.eg/en/pages/ContactUs.aspx 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: info@efsa.gov.eg 
[http://www.fra.gov.eg/content/efsa_en/efsa_pages_en/contact_page_en.htm Contact link]
 
 
==Eligibility==
*In Egypt, any entity that meets the requirements stipulated by the Central Bank of Egypt can apply for a renewal of a Banking Business License.
*The entity must also demonstrate that it has adequate resources, experience, and expertise in banking, and must comply with all relevant laws and regulations.
*The entity must have a business plan that is approved by the Central Bank of Egypt.
 
 
==Fees==
*The license fee is EGP 30,000.
 
 
==Validity==
*The license is valid for 5 years.
 
 
==Documents to Use==
Please attach documents that can be used by people. e.g. links
 
 
==Sample Documents==
Please attach sample completed documents that would help other people.
 
 
==Processing Time==
*The processing time for a Renewal SACCO License in Egypt is approximately 30-45 days from the date of submission.
 
 
==Related Videos==
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'.
 
 
==Instructions==
*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 Information==
*The name of the company
*Full Name of Applicant
*Address of Applicant
*Location of Commercial bank
*previous Commercial bank License Number
*Full names, addresses and designations of the employees of the bank.
*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.
 
 
==Need for the Document==
*The renewal of a banking business license in Egypt is required to ensure banks are compliant with the country’s banking laws and regulations, as well as its monetary policies.
*It is also necessary to ensure that banks can protect the funds and accounts of their customers and to safeguard against money laundering and other financial crimes.
*Additionally, the renewal process helps to ensure that banks can meet their obligations to their customers and to the financial markets in which they operate.
 
 
==Information which might help==
Enter other informations which might help.
 
 
==Other uses of the Document/Certificate==
Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.
 
 
==External Links==
[https://www.egypt.gov.eg/english/info/directory.aspx Link] 
[https://www.cbe.org.eg/en/Pages/default.aspx Link] 
 
 
==Others==
More information which might help people.
 

[[Category:Egypt]]

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