Get an investment license in Egypt.

The Financial Regulatory Authority, created by Law No. 10 of 2009 to replace the Capital Market Authority. It licenses and supervises every non-bank financial activity, including companies operating in securities under Capital Market Law No. 95 of 1992; the Egyptian Exchange is the state-owned exchange and MCDR the depository.

Each separately: securities brokerage, bond brokerage, portfolio management, investment-fund management, securities promotion and underwriting, margin trading and short selling, intraday trading, custody, dealing in foreign securities and venture capital - each on its own FRA form. At end-2025, 538 companies held such licences.

EGP 15 million paid-up for a new securities brokerage under the FRA Board's 2015 conditions, with banks and financial companies holding two-thirds; EGP 15 million equity plus subordinated loans for margin, intraday or lending books under Decision 3019/2023. Portfolio and fund management take their minimum from the Executive Regulations; we confirm it with the FRA before quoting.

EGP 10,000 licence fee per activity, EGP 5,000 annual service fee, EGP 2,000 for the managing director's expertise examination, EGP 25,000 insurance deposit under Decision No. 102, and EGP 10,000 to examine a promotion and underwriting application; incorporation adds art. 73 fees of one per thousand (EGP 5,000-15,000) and half per thousand (up to EGP 10,000) of issued capital.

There is no published decision period. The FRA's licensing conditions under Decisions 53/2018 and 177/2024 set the applicant's deadlines instead: three months to complete the licence requirements after commercial registration, six months to incorporate after initial approval and six to start operations, extendable on request - so the file is built to those dates.

The FRA's pages state no foreign-ownership cap. The conditions are structural: a security inquiry form for foreign board members, and founders who are a financial institution with at least 25% or qualified investors holding two-thirds under Decisions 53/2018 and 177/2024 - a qualified natural person shows ten years' experience and EGP 5 million in liquid assets.

A full-time managing director who passes the FRA's expertise examination, a board whose members document experience under FRA Decisions 125/2015 and 2/2024 with criminal-record certificates, and two female board members recorded in the founding-assembly minutes. Internal-control and compliance manager rules apply under separate FRA board decisions.

At 22.5% corporate income tax under art. 49 of Law 91/2005 and 14% VAT under Law 67/2016. Dividends to non-residents carry 10% withholding, 5% where the shares are listed (art. 56 bis, Law 199/2020 as re-enacted by Law 151/2026), and capital gains on listed securities are exempt under art. 31(7).

Morocco prints a two-month clock and lower floors: MAD 1,500,000 for a société de bourse executing and advising, MAD 5,000,000 with dealing, custody or portfolio management, and 20% tax below MAD 100 million profit. Egypt asks EGP 15 million paid-up for a brokerage with institutional founders, prints no clock, and offers a market of 538 licensed companies. Calendar: Casablanca. Depth: Cairo.

A Cairo office that builds the Arabic incorporation and licence files to the November 2024 guides, structures the EGP 15 million brokerage capital with its institutional founders or the portfolio-management minimum from the Executive Regulations, prepares the managing director for the expertise examination - and a quote in which every Egyptian figure names the document it came from.