A computerization project is underway so that one-stop shops outside Cairo can issue the tax registration card locally.[4] Since the reform of the GAFI one stop shop in 2004, the total number of companies registered in Cairo more than doubled: 5,700 were registered in 2005 compared with 2,660 in 2003.[5] However, some observers have suggested that Egypt's one stop shop system has not reduced the number of procedures as much as initially promised.[6]Improvements were made at the one-stop shop in Alexandria with the opening of ALEXBANK.[7] Its reform cut deep: in 2007, a ministerial decree amended Article 57 of the Executive Regulation of the Company Law cutting the minimum capital required to start a business from EGP 50,000 to EGP 1,000, and halved start-up time and cost.[8] Egypt sharply reduced further the paid-in minimum capital requirement by more than 80%, abolishing bar association fees, and automating tax registration in 2008.[9] Finally in the 2008 report, company start-up was eased by the removal of the minimum capital requirement entirely.[10] In 2006, Egypt reduced the cost of dealing with licenses and permits. Two reforms in two years significantly cut construction-related licensing costs for builders.