Egypt

Financial Reporting Obligations for Companies in Egypt

1. Registry for Submitting Financial Statements (Annual Reports)

In Egypt, companies submit annual financial statements to the General Authority for Investment and Free Zones (GAFI). Tax filings (including financial statements for tax purposes) are submitted to the Egyptian Tax Authority (ETA) via its e-filing portal:

Public Access to Financial Statements:

In Egypt, financial statements of listed companies are publicly available through the Egyptian Exchange (EGX) ( https://www.egx.com.eg/ ).

However, financial reports of private companies (LLCs and other non-listed entities) are not publicly accessible. Such reports are submitted to regulators but are not disclosed to the general public.

2. Legal Forms Obliged to Publish Financial Statements

Legal forms in Egypt that generally have filing obligations:

  • شركة مساهمة (S.A.E) – Joint Stock Company
  • شركة ذات مسؤولية محدودة (LLC) – Limited Liability Company
  • شركة توصية بالأسهم (PLP) – Partnership Limited by Shares
  • شركة تضامن – General Partnership
  • شركة توصية بسيطة (SCS) – Limited Partnership
  • فروع الشركات الأجنبية – Branch of a Foreign Company
  • شركات الأشخاص – Private Partnership
  • شركات عائلية – Family Business

Forms typically not obliged to publish: المنشآت الفردية (Sole Proprietorships) and many Private/Family Partnerships, though they must keep accounting records for tax.

3. Companies Requiring Audited Financial Statements

Audits are generally required when size thresholds are met (turnover, assets, employees). Summary:

Legal Form

Audit Rule

Criteria (Meet at least two of the three)
شركة مساهمة (S.A.E) – Joint Stock Company Audit always required No thresholds; all S.A.E must be audited
شركة ذات مسؤولية محدودة (LLC) – Limited Liability Company Audit required if thresholds are exceeded Turnover > EGP 2,000,000
Total assets > EGP 1,000,000
Employees > 50
شركة توصية بالأسهم (PLP) – Partnership Limited by Shares Audit required if thresholds are exceeded Same thresholds as LLC
شركة تضامن – General Partnership Audit required if thresholds are exceeded Same thresholds as LLC
شركة توصية بسيطة (SCS) – Limited Partnership Audit required if thresholds are exceeded Same thresholds as LLC
فروع الشركات الأجنبية – Branch of a Foreign Company Audit depends on parent obligations Follow parent audit rules and Egyptian law

Key criteria for audit obligation: turnover > EGP 2m; assets > EGP 1m; employees > 50 (meet at least two).

Special considerations:

  • Listed companies (EGX) must be audited regardless of size.
  • Foreign branches: comply with both Egyptian regulations and parent-company audit rules.
  • Small companies below thresholds are generally exempt but may opt for voluntary audits.
  • Newly established companies: typically exempt in year one unless thresholds are met.

4. Local Stock Exchange and Financial Statements Publication

If listed, companies publish on the Egyptian Exchange (EGX): https://www.egx.com.eg

5. Deadline for Submitting Financial Statements

  • General: within 120 days after fiscal year-end.
  • Listed companies: may have stricter EGX-driven deadlines.

6. Companies Submitting Partial Financial Statements

Certain small entities and non-profits may submit simplified statements (e.g., turnover or assets below ~EGP 1,000,000).

7. Consequences for Late Submission of Financial Statements

Late filing can result in fines typically ranging from EGP 5,000 to EGP 50,000. Persistent non-compliance may lead to legal action and potential striking-off from the register.

8. Requirements for Foreign-Owned Branches and Newly Established Companies

Foreign-owned branches must file under Egyptian law and follow parent-company obligations. New companies file their first statements by the end of their first fiscal year (or earlier if thresholds are met).

Sources

Source

Link
General Authority for Investment and Free Zones (GAFI) https://www.gafi.gov.eg
Egyptian Tax Authority (ETA) https://www.eta.gov.eg
Egyptian Exchange (EGX) https://www.egx.com.eg
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