Egypt - Obtain License or Permit for Financial Leasing Services

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Procedure

Apply In-Person:

1. To obtain License or Permit for Financial Leasing Services, the applicant must approach the Ministry of Finance. Contact link
2. Applicant has to get the form from the respective officer.
3. Applicant has to fill-in all the necessary details in the application form.
4. Make sure that the applicant has to attach the documents mentioned in the “Required Documents” section of this page.
5. Applicant has to attach the photocopies along with the application form.
6. Submit the completed form and the necessary documents to the officer.
7. The applicant has to pay the Investigation fee of EGP 5,000 and Licensing fee of EGP 5,000.
8. The authority officer will review the application and process the application.
9. Once the process is completed, the certificate is given to the applicant within the stipulated processing period of time.
10. The Processing time of this procedure takes up to 45-60 days.

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Required Documents

• Business Plan
• macroeconomic analysis document
• Financial sector analysis Document
• strategic and operational plans,
• Evidence of registration of trade name from Ministry of Trade and/or Regional Trade Bureau.
• Signed minutes of first meeting of organizers along with attendance sheet.
• Submission of prospectus, which is a printed statement that describes and forecasts the course or nature of the company along with expected risks, to be distributed to prospective investors.
• Written application requesting to open blocked subscription account indicating the name of the banks/branches or microfinance institution.
• Duly completed application form, as specified under Attachments I and II of these Directives, for organizers and project manager.
• Properly completed propriety test questionnaire, as specified under Attachment III of these Directives, for organizers and project manager.
• Evidences of payment of investigation fee

Office Locations & Contacts

Ministry of Finance
Arab Republic Of Egypt
Address: Finance Ministry Towers - Ramses Extension - Nasr City – Cairo
Email ID: [email protected]
Phone: 02/23428830
Fax: 02/23428830
Contact link

Eligibility

• All Individual or company registered for Finance lease and hire purchase Business in Egypt with the registrar of Companies.

Fees

• Investigation fee of EGP 5,000 and
• Licensing fee of EGP 5,000.

Validity

• Validity for the license is for one year.

Documents to Use

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Sample Documents

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Processing Time

• The Processing time of this procedure takes up to 45-60 days.

Related Videos

Videos explaining the procedure or to fill the applications.
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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.gIn the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

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e.g. The state office holds birth records since january 1908.

Required Information

• Proposed name of the capital goods finance leasing companies (under formation)
• Name of organizing committee’s chairperson
• Full Name of Applicant
• Address of Applicant
• Location of capital goods Finance Business
• License Number
• A tax clearance certificate.
• Evidence of provisional tax payment
• Full names, addresses and designations of the employees of the CGFC.
• Proof of legal identification. Your national driver's license or international passport are the best for this.
• Proof of legal address. House rent receipts, and utility bills stating your house address are acceptable.
• Bank statement. Not all Authorities require this except for further verification purpose or alternatives.
• Utility Bill Receipt. Some Authorities require this to further verify your legal identity and proof of social responsibility.

Need for the Document

• To run your capital goods Finance leasing company business legally, there are certain federal finance licenses and permits you will need to obtain. These procedure resources will help you understand the requirements for your Capital goods Finance company business in Egypt.

Information which might help

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Other uses of the Document/Certificate

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e.g. Birth Certificate can be used as proof of identity.

External Links

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Others

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