Commercial Companies Law

Article 17 — Article (17) Nature and Valuation of the Partner's Contribution

Part One: General Provisions on Companies · Chapter Two: Incorporation and Management of Company

1. The capital of the Company shall consist of cash contributions and in-kind contributions with an appraised value, or either of them. 2. The partner's contribution may not take the form of work unless the partner is jointly liable, and a partner's contribution may not consist of reputation or influence. 3. The Ministry, in coordination with the Competent Authority, shall determine the standards and requirements for the valuation of in-kind contributions and the approval of the evaluators, with the exception of public joint stock companies.

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