In 2023 Egypt has radically simplified the conditions of the “Citizenship by Investment” state program . Now this is one of the easiest ways to obtain a second passport quickly. Important advantages: investments may be refundable and profitable, you will not have to renounce your first citizenship, and there are also no оbligations to reside in the country.
The official website of the program
Egypt launched the government's Citizenship by Investment program in 2020.
The country had created a special department under the Prime Minister's office to manage the program and developed procedures for reviewing applications, and appointed accredited agents to help foreigners collect the documents.
In 2023, the conditions of the program were simplified: the minimum investment amount was reduced, the requirement to invest only in accredited real estate projects was abolished, and the procedures for transferring the money were simplified. For example, the contributions can be made in cash as well.
The applications are accepted from citizens of all countries. There are no quotas for issuing passports.
All investments are made AFTER the foreigner’s application has been approved. The process of obtaining Egyptian citizenship takes about six months.
$250 000
Non-refundable payment
The grant is transferred to the state treasury in foreign currency and is non-refundable.
You may also use the installment payment plan of up to one year.
$300 000
Purchasing real estate
It is permitted to invest in residential or commercial properties in all regions except the Sinai Peninsula.
You may use the payment plan by installments of up to one year.
The property can be rented out.
The is an obligation to keep the property for 5 years.
$450 000
Business-investments
The applicants may Invest in existing or new business
$350,000
(refundable part)
+
$100,000 to the state fund (non-refundable portion).
The company may be fully owned by a foreigner.
The investor is not permitted to sell his share or liquidate the project for 5 years.
$500 000
Bank deposit
The applicans are also permitted to open an interest-free deposit in the Central Bank of Egypt in US dollars.
The deposit will be returned after 3 years in Egyptian pounds at the exchange rate established at the time of repayment.
Please pay attention!
All the investments are accepted only in US dollars at the official exchange rate at the time of the transaction. Various payment methods are allowed: both bank transfer and cash deposits legally imported through customs. The amount can be transferred by any third party - individuals or legal entities.
Unmarried children under 21 years of age receive Egyptian citizenship with the main investor.
The main applicant's legally married spouse becomes eligible for citizenship after two years. Until this period, the spuse is permitted to live in Egypt with a residence permit.
Polygamy is allowed in Egypt. Accordingly, a male investor can include up to four wives and children in the application.
The applications are accepted from citizens of all countries. There are no language, history or cultural requirements for participation.
To obtain Egyptian citizenship, you must fill out an application with all the required information and provide copies of the following documents:
After approval of the investor's candidacy, you will need to make investments and provide supporting documents. For example, in the case of purchasing real estate you will need:
Please note: this is not the full list . We recommend submitting documents through accredited agents - they will help you collect and correctly complete the full package of papers.
State fees
The applications are considered after the payment of the state fee of $10,000.
The amount is fixed and does not depend on the number of family members and the chosen investment option.
If your application is rejected, the application fee is not refundable, so it is important to be pre-screened by a licensed agent to reduce the risk of rejection.
Other payments
The investor will have associated costs for legal support, translation and forwarding of documents, purchase of real estate or registration of a business.
Also, to complete the process, you will need one visit to Egypt - at the last stage to submit biometrics.
The rights:
The obligations