GAFI registers first company through its digital platform

CAIRO - 9 August 2023: Damietta Green Ammonia Production Company completed its establishment within the first phase of the service of establishing companies through GAFI’s electronic portal. The ammonia company operates in the public free zone in Damietta.

Prime Minister Mostafa Madbouly, witnessed the establishment of the first company electronically through the digital platform of the General Authority for Investment and Free Zones (GAFI).

As of August 9, investors have the option to establish their companies and make fee payments online using electronic signatures. GAFI will handle the remaining incorporation procedures with external parties involved in the company establishment process, and subsequently send the relevant company documents to the investor via mail.

Mr. Hossam Heiba, GAFI CEO, has announced that GAFI has taken a significant step towards enhancing convenience for investors and promoting transparency. The authority has successfully implemented a fully electronic company establishment service.

GAFI had previously announced on Monday that it created a new single-approval system for projects to facilitate investments, and granted 20 of these new approvals, including four for green hydrogen projects.

The new system issues the approval within 20 days and covers licensing for construction, environmental requirements, civil defense, and other permits relevant to investment activities.