Every kind of companies shall have a Memorandum of Association and Articles of Association on which a decision shall be issued by the Competent Minister. Each company shall also have a certificate of incorporation whose data shall be determined by a decision issued by the Authority's Chief Executive Officer. An establishment shall have a form of establishment whose data shall be determined by a decision issued by the Authority's Chief Executive Officer and shall be registered in the Commercial Register.
All competent authorities, banks and relevant authorities shall accept this certificate or such form, as the case may be, as an official document in their transactions upon issuance thereof by the Authority.
The parties with interest that wish to incorporate a company shall follow the following steps:
1) Create an account on the Authority's portal, through which it could get incorporation e-services.
2) Fill the incorporation form through which it shall determine the company legal entity and bylaw, and all information and documents necessary for obtaining the service.
3) Submit the incorporation application online or fulfil all amendments, if any.
4) To pay the incorporation fees online by one payment for the account of the entities that provide the incorporation and post-incorporation services.
5) To electronically sign all forms.
The Authority shall give its opinion about the approval to the company's name upon submitting the incorporation application.
With the exception of the cases where the incorporation applicant is required to obtain a prior approval on the Project, the applicant shall, enclose his application for incorporation along with all documents necessary for reviewing the same according to each kind of the companies, in particular the following documents:
First: for Capital Companies:
1) Submit the certificate confirming deposit of the legal percentage from an approved bank licensed for that purpose.
2) Copy of the ID's of the Founders, Members of Board of Directors, Managers or Partners.
3) Copy of incorporation's powers of attorney.
4) Permission by the Competent Authority in case the Founder or Member of Board of Directs is a public servant or an employee with a company of the public sector or public business sector for the joint stock companies.
Second: for Partnerships and Individual Establishments:
1) Copy of the ID's of the partners or owner of the Individual Establishment, as the case may be.
2) Copy of incorporation's powers of attorney, as the case may be.
3) Acknowledgment by the joint partner or his representative or the nonpartner director or the establishment's owner concerning that he does not act as a public servant or an employee with a company of the public sector or public business sector.