On 14 March 2020, the government of Egypt published Parliament Law No. 190 – which was established in the year 2019 – regarding getting Egyptian citizenship through investment. The program allows wealthy people to obtain a passport by investing $250,000 USD or more. It takes an average of 6 to 9 months to obtain citizenship through investment. also, Egypt grants long-term residence to foreigners investing in the property market to revitalize the real estate sector and attract foreign direct investment.
This program is similar to other citizenship through investment programs across the globe. Such as, there is no residency requirement for this program. However, there are certain required documents and the payment of $10,000 USD in government fees, to start the process.
a. Real estate
b. Company establishment
d. Bank deposit
1. Investment residency :
It is granted to investors who invest in Egypt through the Egyptian Investment Authority and is granted for the first time for one year and is renewed for three years and then renewed for five years.
Papers and conditions
1- The investor’s share in the investment company must not be less than the equivalent of 35,000 US dollars to obtain the approval of the investment residency
2- He must complete all his identification papers with the Investment Authority
3- The required security approvals are granted to the investor and his first-degree relatives
2. Real estate residence :
Whoever buys real estate worth 100,000 US dollars or its equivalent in Egyptians can obtain a residence permit for one year and for a period of three years, subject to renewal.
Terms and papers
1- For someone who owns one or more real estate with a value of no less than 200 thousand US dollars or its equivalent in Egypt.
2- If the value of the property is 400,000 US dollars or its equivalent in Egypt, the residence is for five years.
3- The title deed of the property must be registered in the real estate registry “in Syria it is called Tabu”.
4- Proof of transfer of the purchase amount must be submitted through any approved bank in Egypt.
5- It is granted to the property owner and his first-degree relatives.
The residence permit is issued by Passport, Immigration, and Nationality Administration.
By naturalization, a foreigner can become a citizen of Egypt if he has lived in the country for at least 10 years. It takes an average of 6 to 9 months to obtain citizenship by investment.
1. Select the required investment option
Applicants can choose any of the investment options from donation to government fund, investment in real estate, Bank deposit, and establishment of Business or becoming a partner in current Business.
2. Planning for Investment Project
If you select Business as the investment option, it becomes necessary to know about the Egyptian market & plan accordingly.
3. Prepare all necessary documents
Get ready with all the necessary documents required for your investment plan.
4. Application process
This is the step in which you have to invest in the selected investment plan.
5. Temporary residency
You can also apply for temporary residency applicable for only a six-month residency permit.
6. Granting Egyptian Passport
Applicants can get an Egyptian Passport after completion of due diligence, including their family.
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Privacy World can also help you with incorporating your company in Egypt, assisting in getting you settled in the country and coordinating with you so that this experience will be less of a hassle.
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Yes. Persons who become naturalized Egyptian citizens may keep their original nationality if the other country permits it.
Dependents can be included in the application.
Yes, it can.
In order to obtain citizenship, the property must be held for a period of 5 years. After 5 years, the investor has the right to sell the property.
Citizens from all countries can apply for the Egyptian CIP, however, the government has the right to deny or reject any application at its sole discretion without disclosing the reasoning behind the rejection.
The residency permit has a validity of one year and is for three years and five years, subject to renewal.
It takes 10 years of residency before you can apply for citizenship in the country.
It takes 6 to 9 months to obtain citizenship in Egyptian through citizenship by investment.
Individual income tax is imposed on the total net income of the resident individuals for income earned in Egypt, as well as the income earned outside Egypt for resident individuals whose center of commercial, industrial, or professional activities is in Egypt.
Tax is imposed on the income of non-resident individuals for their income earned in Egypt.