A limited liability company or joint stock company in Egypt opens a corporate account once it holds a commercial registration and a tax card. Large banks such as Commercial International Bank, QNB Alahli, and Banque Misr handle most corporate accounts, which are opened at a branch with a board resolution naming the authorised signatories.
Suits companies best
A full corporate account with multiple signatories and online banking
Typical monthly fee
Minimum balance and transaction charges rather than a flat monthly fee
Foreign ownership
Allowed under Investment Law 72 of 2017; foreign owned companies face heavier checks and usually a resident authorised representative
Providers that fit
Large state and private banks with corporate desks
Fees and features as of 2 May 2026Last reviewed 2 May 2026
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
A limited liability company or joint stock company in Egypt opens a corporate bank account after it is registered with a commercial registration and a tax card. Banks require the company memorandum and articles, a board resolution naming signatories, and identity documents for directors and significant owners. Accounts are mainly opened at a branch in Egyptian pounds, with foreign currency accounts available. Foreign owned but Egyptian registered companies can open accounts with additional checks. Information as of 2 May 2026, not advice.
What LLCs and corporations in Egypt need from a business account
A registered company needs a corporate account that supports multiple authorised signatories, a board resolution defining who can act, online and mobile banking for payroll and supplier payments, and foreign currency accounts where the company pays or receives abroad. In Egypt the large state and private banks provide these through their corporate desks. The account is opened against the company commercial registration, tax card, and constitutional documents, and the bank runs know your customer checks on directors and significant owners before activation. Foreign owned companies are allowed under Investment Law 72 of 2017 but face enhanced checks.
C
Commercial International Bank
A large private bank with strong corporate and digital banking, suited to companies that want capable online banking and cash management, with a minimum balance and full corporate documentation.
A large private bank with corporate banking and trade services, suited to limited liability and joint stock companies that want a full corporate relationship, with minimum balance and in branch onboarding.
A large state bank with a wide branch network and established corporate banking, suited to companies that prefer a state institution, with minimum balance requirements and in person onboarding.
Compare accounts for LLC and Corporations in Egypt
These providers serve limited liability companies and corporations in Egypt. Fees and eligibility shown as of 2 May 2026. Confirm current terms with the provider before applying.
Questions about banking for LLC and Corporations in Egypt
How does an LLC open a bank account in Egypt?
The company first registers and obtains a commercial registration and a tax card, then applies at a bank with the memorandum and articles, a board resolution naming the authorised signatories, and identity documents for directors and significant owners. Accounts are mainly opened at a branch. As of 2 May 2026, confirm the documents with the bank.
Can a foreign owned company open a corporate account in Egypt?
Yes, if it is registered in Egypt. Investment Law 72 of 2017 allows full foreign ownership in most activities, and a foreign owned company with an Egyptian commercial registration and tax card can open a corporate account, usually with a resident authorised representative and enhanced checks. As of 2 May 2026, verify the requirements with the bank.
What documents does a corporation need to open an account in Egypt?
Banks typically ask for the commercial registration, the tax card, the company memorandum and articles, a board resolution authorising the account and its signatories, identity documents for each director and significant owner, and proof of a registered business address. As of 2 May 2026, confirm the full list with the bank.
How long does corporate account opening take in Egypt?
For a locally owned company with complete documents it can take a few days to about two weeks, and for foreign owned companies commonly two to four weeks because of Central Bank of Egypt know your customer and anti money laundering checks. As of 2 May 2026, confirm timelines with the bank.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 2 May 2026. Confirm current terms with the provider before applying.