Egypt Citizenship by Investment
Egypt Citizenship by Investment Program
A relatively new program, Egypt’s government new citizenship laws in 2019 enabling eligibility for citizenship for foreign investors willing to make substantial financial contributions to the Egyptian economy.
Key Advantages of the Egypt Citizenship by Investment Program
Unique Citizenship by Investment Benefits:
- The only citizenship by investment program offering visa-on-arrival access to Nigeria, one of Africa’s top 5 wealthiest economies.
Strategic Geographic Location:
- Positioned between Africa, Europe, and the Middle East, making it a vital connection point for global trade.
Key Trade Agreements and Memberships:
- Member of the African Continental Free Trade Area (AfCFTA).
- Member of the World Trade Organization (WTO), ensuring access to international trade networks.
Transport and Market Access:
- Serves as a transport hub with links to markets in Africa, Europe, the Indian subcontinent, and the Middle East.
U.S. Visa Eligibility:
- Offers eligibility for the U.S. E-2 Investor Visa, allowing citizens to apply for a non-immigrant visa to the United States.
Key Requirements of the Egypt Citizenship by Investment Program
To be eligible for citizenship, applicants must select one of the following investment options:
- Donation: A minimum non-refundable contribution of USD 250,000 to the Egyptian public treasury.
- Real Estate Investment: An investment of minimum USD 300,000 in real estate from specified government-owned projects. Multiple properties or land can be acquired, whether under construction or completed, and the property may be sold after five years.
- Business Investment: An investment of USD 350,000 in a new or existing local business, along with a USD 100,000 donation to the state treasury. The business must be sustained for at least five years.
- Bank Deposit: A transfer of USD 500,000, refundable in local currency after three years, with no interest
Process for applying to the Egypt Citizenship by Investment Program
Health and Background Requirements:
- A clear police record is required.
Investment Currency and Transfer:
- All investments must be made in US dollars.
- Funds must be transferred from abroad.
Account Requirements for Donations and Deposits:
- All requisite donations, contributions and bank deposits must be made to an account specified by the Citizenship by Investment Unit of the Central Bank of Egypt.
Egypt is an attractive destination for immigration due to its rich cultural heritage, historical landmarks, and affordable cost of living.
Frequently Asked Questions (FAQ)
What is the Citizenship by Investment program in Egypt?
The Citizenship by Investment program provides individuals and their families with the opportunity to obtain Egyptian Citizenship through substantial economic contributions to the economy.
What investment options are available to obtain the Egyptian Citizenship by Investment?
Investment options consist of:
- A bank deposit that is refundable after three years, without interest.
- A contribution to Egypt’s public treasury.
- An investment in government-owned real estate projects.
- An investment in a local business along with a donation to the state’s treasury.
What are the advantages to obtaining the Egyptian Citizenship by Investment?
Benefits include the ability to live, work, and study in Egypt, visa-free access to specific countries, and the opportunity to experience a nation with a rich cultural heritage.
Is there a minimum investment requirement for the Egyptian Citizenship by Investment?
The minimum investment begins at USD 250,000 contributed to the non-refundable contribution to the state’s public treasury.
What is the timeframe for processing an application?
Application processing times for Citizenship by Investment applicants may vary. Please contact Compass Services directly for further information.
Can I include my family members in my application?
Yes, the main applicant can include their spouse and any dependent children in their citizenship application.
Are there any residence requirements in Egypt?
No, there are no specific residence requirements. However, applicants are required to maintain their investments for a specified period.
What documentation will be required for the application process?
Documents required include:
- A valid passport
- Proof of investment
- Proof of health insurance
- Certificate of no criminal record
What is the procedure for applying to the Egypt Citizenship by Investment Program?
Applicants are required to select a qualifying investment, submit their application along with the necessary documents, and complete a due diligence process.