Egypt’s FRA, Trade Authority set up dedicated commercial registry office

Egypt’s Egyptian Financial Supervisory Authority (FRA) and the Internal Trade Development Authority (ITDA) signed a cooperation protocol to establish a dedicated commercial registry office for corporate services at the FRA headquarters. The move aims to streamline procedures for companies operating in non-banking financial activities. FRA Chairman Mohamed Farid and Minister of Supply and Internal Trade Sherif Farouk witnessed the signing on Tuesday.

The office will facilitate company incorporation and status updates, providing an integrated package of services in one location to reduce administrative burdens, enhance institutional efficiency, and support non-banking financial market growth.

The protocol forms part of the Ministry of Supply and Internal Trade’s plan to modernise commercial registry services, expand dedicated service models, and create a more efficient and attractive investment environment in line with state directives for economic activity and digital transformation.

Operating under the dedicated services system, the office will allow faster registration, amendment, and deletion procedures. The ITDA will supply qualified staff, technical support, and operational systems, with full data integration and governance standards.

Attribution: Amwal Al Ghad English