The Сitizenship by Investment Program of Egypt. How to Get it and Why
September 01, 2021
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A country with a rich history and popular tourist resorts has decided to join the global citizenship store. Starting from 2020, investors who have used the terms of the program can become full-fledged citizens of Egypt. But what exactly should you do to get the passport? And who can use it?
On March 14, 2020, the Egyptian government issued the Parliamentary Law No. 190 regulating the rules for obtaining a country's passport for foreign investors. Now everyone can become a full-fledged citizen of Egypt and run their own business. But at what price?
Investment Options
Similarly to other immigration programs, the Egyptian format offers several solutions to choose from. They are united by two rules: first, all contributions and payments must be made from abroad, transfers within local banks are not accepted. Secondly, the investor cannot withdraw the invested funds or declare bankruptcy within 5 years. Otherwise, the Egyptian citizenship will be denounced.
Purchase of real estate for $500,000 and more. This is the easiest and quite common way to get a passport. Similar options are offered, for example, in Turkey and Montenegro, and the prices are also comparable. Under the terms of the Egyptian program, you can buy one or several objects at once, land or ready-made real estate, for residential or commercial purposes. The choice is wide. There is one "but": it is necessary to buy from the government. It will not be possible to become a citizen through the purchase from a private person. A kind reminder: you cannot sell what you have bought for 5 years. The saying is it's bad omen: you can lose your passport.
What you can buy in Egypt right now
14 668 €
Flat in Hurghada, Egypt
28 sq.m1
Remote Transaction
Siberian Tower 5 is a successful continuation of the construction of the "Family" of Siberian Towers. All Siberian Towers 1,2,3,4 are fully commissioned, put into operation and inhabited! Siberian Tower 5 is located in the central part of Hurghada, in the El Hadaba district. The area has developed infrastructure: chain supermarkets, cafes,...
SunResidence
44 711 €
Flat in Hurghada, Egypt
46 sq.m1
Remote Transaction
Scandic Resort is a unique residential complex located on the first coastline in the heart of Hurghada.The residential complex is built on a plot of 25,000 sq.m. and includes a developed infrastructure that will allow you to feel incredibly comfortable. At the disposal of the owners of Scandic Resort are:- long sandy beach- natural lagoon- three...
SunResidence
666 253 €
Villa in El-Gouna, Egypt
190 sq.m35
CitizenshipOnline Viewing
Project features:A complex of villas with a total area of 87,000 square meters (Designer EDSA) Spectacular view from each villa on the Ancient Sands golf course The spacious location of each house at a distance of 12 meters from each other ensures maximum privacy for all residents There is a 2-kilometer running track on the territory with a...
Green area. Nearby: shops of different categories, gas stations, bus stop. 10 minutes to the beach and the promenade.
IdealHome
526 000 €
Villa in Sahl-Hasheesh, Egypt
229 sq.m1165
il Bayou is a fully serviced complex in Sahl Hasheesh on the Red Sea. The beach is only 350 meters away. About 85 villas and +60 serviced apartments of various types are located on the territory of the project. Design revolves around the quality of shared spaces and the values of landscape design. The layout is organized by the presence of...
NOA Real Estate Egypt
51 250 €
Apartment in Hurghada, Egypt
53 sq.m111
ResidenceOnline ViewingRemote TransactionCredit
STUDIO APARTMENT in a PREMIUM residential complex, on the first coastline with its own private beach!
Also on the territory of the complex: Three swimming pools, a Bar / Restaurant, a Marina, a Playground, 24/7 security, a management company.
The apartment is perfect for both investment and personal use.
SCANDIK RESORT residential complex...
NOA Real Estate Egypt
72 000 €
Apartment in Hurghada, Egypt
132 sq.m211
ResidenceOnline ViewingRemote TransactionCredit
2-room spacious apartment in installments for 3 years and an initial payment of 30 %
APARTMENT with a view of the courtyard and pool - 132m2 , large balcony , bathroom , kitchen. There IS A GREEN CONTRACT AND THOSE.passport
AFTER SIGNING THE CONTRACT, THE DEVELOPER MAKES A FINISHING REPAIR
The residential complex has 3 swimming pools ,...
NOA Real Estate Egypt
250 122 €
Villa in Hurghada, Egypt
277 sq.m1155
La Quinta Heights offers a wide selection of fully finished villas surrounded by greenery and high-level services, which makes it an ideal place for a quiet and safe family life.This exclusive project was designed with the concept of comfortable living in mind, with basic amenities that are very close to such as a shopping center, hotels,...
NOA Real Estate Egypt
49 410 €
Flat in Hurghada, Egypt
81 sq.m211
A NEW PROJECT ON THE COAST IN HURGHADA WITH A PRIVATE BEACH!!PREMIER BEACHFRONT APARTMENTS is a residential beach complex with a private sandy beach and the opportunity to enjoy snorkeling in the Red Sea, where life is a daily dose of relaxation and enjoyment by the sea, designed as a second home or a holiday home where families can truly enjoy...
NOA Real Estate Egypt
64 960 €
Flat in Hurghada, Egypt
104 sq.m321
A NEW PROJECT ON THE COAST IN HURGHADA WITH A PRIVATE BEACH!! PREMIER BEACHFRONT APARTMENTS is a residential beach complex with a private sandy beach and the opportunity to enjoy snorkeling in the Red Sea, where life is a daily dose of relaxation and enjoyment by the sea, designed as a second home or a holiday home where families can truly enjoy...
NOA Real Estate Egypt
66 500 €
Flat in Hurghada, Egypt
70 sq.m211
Location: Al-Hadaba, Hurghada, Red Sea Project delivery: within 24 months with all amenities Delivery of apartments: within 18 months on a turnkey basis Convenient installments of up to 3 years with a down payment of 35% The balance is paid in equal installments within 36 months. Payment upon receipt of keys (additional payment) 10% service fee...
Spacious apartment in the Intercontinental
Modern complex with swimming pool and recreation areas, landscaping
The total area is 100 sq.m.
2 bedrooms and a large living room combined with a kitchen
4th floor, elevator
Balcony with pool view
Unfurnished, except for the kitchen area. Without appliances, except air conditioners.
To...
Furnished 2-bedroom apartment in Turtles Beach with terrace
Top offer: furnished 2-bedroom apartment in Turtles Beach with a terrace right by the sea!
You can just move in and don’t have to worry about anything. The contract will be exchanged directly by the complex owner. This means that the old contract will be withdrawn and you will...
LOCATION: Hurghada-Arabia, EGYPT
BUILD YEAR: 2022
LEVELS: 6
FLOOR: 2
SQM.: 110
VIEW: Back view
BEDROOM: 2
LIVING ROOM: 1
AMER. KITCHEN: 1
BATHROOM: 1
BALCONY: 1
AIR CONDITION: 3
FURNISHED: YES
GENERAL FACILITIES DISTANCE CAFE & RESTAURANTS
24/7 SECURITY
PRIVATE BEACH
3x SWIMMING POOL
SUPERMARKET
CLOSED...
NOA Real Estate Egypt
34 500 €
Flat in Hurghada, Egypt
45 sq.m111
LOCATION: Hurghada-Intercontinental, EGYPT
BUILD YEAR: 2020
LEVELS: 4
FLOOR: Ground
SQM.: 45
VIEW: Street view
BED/ LIVING ROOM: 1
AMER. KITCHEN: 1
BATHROOM: 1
BALCONY: 1
AIR CONDITION: NO
FURNISHED: NO
GENERAL FACILITIES DISTANCE 24/7 SECURITY
CLOSE TO THE PUBLIC BEACH
SWIMMING POOL
ELEVATOR
CLOSED COMMUNITY...
NOA Real Estate Egypt
591 799 €
Villa in El-Gouna, Egypt
175 sq.m35
CitizenshipRemote Transaction
The houses are located at a distance of 12 meters from each other. Private swimming pool as an optional option. A view of the legendary 18-hole golf course designed by Carl Litten.
Investments in local businesses from $400,000. It is also a well-known practice among countries offering citizenship: the administration of Antigua and Barbuda asks for a similar amount. But, back to Egypt. You can invest in a ready-made business or start everything from scratch. But you need to own at least 40% of the company's shares, this is a prerequisite.
Charitable contribution from $250,000. The further away, the cheaper it is. A charitable contribution is a well-known way of obtaining citizenship in the Caribbean countries, which have special state funds for this kind of investment. In our case, the money transfer must be made to a special account of the program in the Central Bank of Egypt. This fee is non-refundable, but it is a one-time payment.
Interest-free bank deposit. Here the conditions become more interesting: on the one hand, the amount required for the deposit exceeds the other investment options. On the other hand, all this money can be returned. Specifically:
For a deposit for 5 years, you need to make 750 thousand dollars.
For a deposit for 3 years, you need to deposit 1 million dollars.
Important! The account must be replenished in the local currency - the Egyptian pound.
Additional expenses. Regardless of the chosen option, the investor must pay a state fee of $10,000. You need to do this before applying for participation in the program.
Who Can Participate in the Program
The main reason for the existence of the Egyptian citizenship program was the Syrian businessmen who were forced to leave their country as a result of the war. It was they who appealed to the Egyptian government with a request to prepare a program that allows obtaining citizenship of the country in an accelerated format. Naturalization allows you to get a passport after 10 years of residence in the country. The new investment citizenship program allows you to issue a long-awaited document in just 6-9 months.
Fortunately, the government did not impose additional conditions or restrictions on investors from other countries. This means that any willing investor can consider Egypt as another option for obtaining a second passport. There is no need to give up the main citizenship, which is also a plus.
The requirements for investors are more than standard: a stable source of income, good health, no criminal record. Additionally, you can include spouses and children under the age of 21 in the application.
Learn more about other Citizenship-by-Investment programs
Turkey
Turkey Citizenship by Investment - Real Estate
CitizenshipFor 3 months
from 400 000 $
Malta
Malta Individual Investor Program
CitizenshipFor 15 months
from 700 000 €
Dominica
Dominica Citizenship by Investment
CitizenshipFor 2 months
from 100 000 $
Saint Lucia
Saint Lucia Citizenship by Investment Program
CitizenshipFor 3 months
from 100 000 $
Grenada
Grenada Citizenship by Investment Program
CitizenshipFor 4 months
from 150 000 $
Bulgaria
Bulgarian Investment Immigration Program
CitizenshipFor 24 months
from 512 000 €
Vanuatu
Vanuatu Citizenship by Investment Program
CitizenshipFor 1 month
from 130 000 $
Egypt
Egypt Citizenship by Investment
CitizenshipFor 6 months
from 250 000 $
Saint Kitts and Nevis
Saint Kitts & Nevis Citizenship by Investment
CitizenshipFor 2 months
from 250 000 $
Antigua and Barbuda
Antigua and Barbuda Citizenship by Investment Program
CitizenshipFor 3 months
from 100 000 $
Montenegro
Montenegro Сitizenship by Investment
CitizenshipFor 3 months
from 450 000 €
Advantages of the Program
Egyptian citizenship allows you to live, study and work in the country without any restrictions. An Egyptian passport allows you to travel without a visa through 90 countries, including Iran, Jordan and Hong Kong, as well as get an E2 business visa for the United States.
Egyptian citizenship is inherited by the investor's children, that is, the investor's newborn child receives Egyptian citizenship automatically.
Who is Interested in This Program
The main beneficiaries of the initiative were those who asked for it – businessmen of the Middle East region who are interested in a safe future for themselves and their loved ones.
But do not discount the fact that Egypt was and remains a popular tourist destination. The pandemic has caused very serious damage to the economy. The desire to revive the former pace of development may push the country's leadership to take loyal measures to attract foreign investment, allowing them to earn money in an unusual market.
Every year, European programs meet more and more resistance from the European Commission, which demands to review the conditions for obtaining so-called "golden visas" and passports: Cyprus has taken the first blow, followed by Malta, and then Portugal joined the parade of tightening.
Such powerful forces are not yet hanging over Egypt, although there are other factors that should not be discounted. And yet, fans of this country and investors who know how to play in risk conditions should take a closer look at this direction. After all, the Caribbean states have only benefited from the creation of citizenship programs, and so far Egypt has every chance to repeat this success story.