Egypt Citizenship by Investment Program: An Overview Egypt

Egypt has become an attractive destination for investors looking to make hijrah, thanks to its citizenship-by-investment (CBI) program launched in 2020. This initiative aims to boost the local economy by offering foreign investors the opportunity to gain Egyptian citizenship. Let’s explore the key points of the program, who can apply, and the benefits of becoming an Egyptian citizen.

Key Points of the Citizenship Program

Egypt offers four investment options for individuals looking to obtain citizenship:

1. A non-refundable contribution of $250,000 to the State's Public Treasury.

2. A real estate purchase for at least $300,000, with properties licensed by the government or listed on the real estate register.

3. An investment in a business project of at least $350,000, along with a $100,000 donation to the government.

4. An interest-free deposit of at least $500,000 in the Central Bank of Egypt, which can be returned after three years.

The program’s flexibility allows investors to return some of their investment after a specified period, depending on the option chosen. Unlike other countries, applicants do not need to pass exams in Arabic or Egyptian history, and residency in Egypt is not required to maintain citizenship.

Who Can Apply?

To be eligible for Egypt’s CBI program, applicants must:

- Be at least 18 years old.

- Have no criminal records.

- Be in good health.

Spouses and children under 21 can also obtain Egyptian citizenship. However, spouses will only receive their passports two years after the investor has gained citizenship.

Benefits of Egyptian Citizenship for Investors

1. Official Hijrah: As a citizen you do not worry about dealing with immigrationand residency permits.

2. Tax Incentives: Egypt has nine free zones where businesses can operate without paying corporate taxes.

3. Work and Business Opportunities: Citizens do not need work permits, and there are no restrictions on registering businesses or investing locally.

4. Access to Public Services: Egyptian citizens enjoy free education and healthcare.

6. Visa-Free Travel: With an Egyptian passport, investors can travel visa-free to 82 countries.

The Application Process

The process to obtain Egyptian citizenship through investment typically takes between 10 to 12 months. It involves several stages:

1. Preliminary Due Diligence: Conduct a check to assess the risk of denial.

2. Document Preparation: Applicants provide personal and financial documents, which are translated and certified for submission.

3. Fee Payment: A $10,000 government fee must be paid.

4. First Due Diligence: Egyptian authorities review the applicant’s documents over six months.

5. Temporary Residence Permit: The investor receives a six-month residence permit after the initial review.

6. Second Due Diligence: After fulfilling the investment conditions, the final due diligence is completed.

7. Passport Issuance: Once the application is approved, the investor receives their Egyptian passport.

Conclusion

Egypt’s citizenship-by-investment program offers a pathway to not only Egyptian citizenship but also numerous benefits for investors, from business opportunities to visa-free travel. With a relatively affordable minimum investment of $250,000 and flexible investment options, Egypt is becoming an increasingly popular destination for those looking to make hijrah.