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The Giza Chamber agreed with the Investor Services Center in October to facilitate the procedures for establishing companies

The Giza Chamber of Commerce announced the end of the agreement with the Central Administration of the Investor Services Center on October 6, affiliated with the General Investment Authority, to facilitate procedures for investors, in order to complete the procedures for establishing a company and obtaining its commercial registration in just one day.

Mohamed Imbabi, President of the Chamber of Commerce in Giza, said that a lengthy meeting was held with Dr. Mohamed Sameh, Head of the Central Administration of the Investor Services Center in the Sixth of October City. The meeting included Adel Razeen, Secretary-General of the Chamber, to agree on facilitating procedures for start-ups and new investors in the various stages of establishment through The center, where it will be possible from the center to issue certificates of amendment and certificates of licenses to practice the activity, which needed to return again to the main headquarters of the Chamber.

Imbabi added that it was also agreed to immediately collect from customers and deposit in the chamber's account to reduce cash circulation, in implementation of the government's directives to reduce cash transaction rates.

The head of the Giza Chamber of Commerce indicated that the center includes a number of bodies and unions, including the real estate registry, the Bar Association, the Chamber of Commerce, the Commercial Registry, the Tax Authority, Value Added and Egypt Clearing, which are the bodies needed by the founder of the company or commercial establishment, which means that all procedures are completed in one day and one place.