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The General Authority for Investment (GAFI) introduced a new electronic system for the incorporation of companies in Egypt. The new system, which is under trial for a period of three months starting September 1, 2009 allows the submission of applications and follow-up electronically through a GAFI website, where the investor will be able to submit requests for establishment and production of documents and only attends GAFI for the final signing before the authentication Office and the payment of fees. Electronic signature and payment will be introduced in two subsequent phases.
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