For the first time in Egypt, electronic signatures have become
an integral part of legal and official procedures in the public
sector. The Ministry for Investment and International Cooperation
has announced that The General Authority for Investments and Free
Zones (GAFI) has made it possible to sign the paperwork setting up
a company through electronic signature. Such paperwork includes
contracts and official forms, which previously could only be
accepted if signed by hand.
E-signatures are unique numbers or letters expressed
electronically to uniquely identify a person. Similar to the
traditional signature, they are a safeguard against fraud due to
their ability to identify the signatory and differentiate them from
another. However, their main benefit is that they can be used
online without requiring physical presence. For that reason,
e-signatures are a safer substitute for traditional signatures, as
they provide the same benefits but with added modernity