Share on LinkedInShare on LinkedIn

ARTICLE · 08 JANUARY 2019

The GAFI Incorporates E-Signatures For Company Formation

Andersen
Andersen
Contributor
Explore more from Andersen

E-signatures are unique numbers or letters expressed electronically to uniquely identify a person.

EgyptStrategy

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

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

See more popular content from