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The primary investor seeking Egyptian citizenship must be at least 18 years old. The investor must not have any past criminal record and should not be suffering from any serious illness.
The spouse of the primary investor is also eligible to apply for citizenship along with the primary investment under one application, provided the spouse is in a registered marriage with the main applicant.
The unmarried children under 21 years of age, dependent on the main applicant, are also eligible to apply for Egyptian citizenship under a single application along with the main investor.
Global investors seeking Egypt Citizenship by Investment must qualify for the eligibility requirement and meet the mandatory prerequisites to obtain Egyptian citizenship. The applicants must meet specific financial and legal criteria under the Egyptian citizenship by investment program, including the following:
The investors must select the best-suited investment alternative, aligning with their personal needs. The four available options include a real estate investment of at least $300,000, a business investment of at least $350,000, a bank deposit worth at least $500,000 and a non-refundable contribution of $250,000 to the state treasury.
The applicants seeking citizenship under the Egyptian citizenship by investment program must not have a past criminal record or any pending legal issues in their home country.
The applicants must be able to produce a valid passport from their home country to be able to apply for citizenship in Egypt.
The applicants must be able to provide the documents supporting the legality of the funds to support their Egypt Citizenship by Investment program.
The applicants must be able to furnish a recent medical certificate confirming good health and ensuring they do not suffer from any serious illness.
The applicants must be willing to undergo strict background checks conducted by the Egyptian authorities to validate their records and integrity.
The applicants must attach various documents, including birth certificates, marriage certificates (if applicable), photos, and investment documents, along with the application for processing.
Egypt Citizenship program offers global investors various benefits, including relocation to a strategic second home, visa-free travel, and a safe and secure environment. Below, we explore the benefits of obtaining a second passport from Egypt.
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Egypt offers its citizens a safe haven, allowing global investors and their families to enjoy a peaceful and tranquil lifestyle. The Egyptian passport guarantees its citizens unrestricted entry into the country, making sure they have access to their homes in times of global emergencies or political instability in their country of origin.
The Egyptian passport allows its citizens to apply for the U.S. E-2 visa by investing in or acquiring a business there. With an investment of $100,000+, Egyptian citizens can live and work in America.
The Egyptian citizen facilitates its citizens to open bank accounts in foreign currencies like dollars or euros. The citizens can access the services of national as well as international banks such as Deutsche Bank AG in Egypt.
Global investors with Egyptian passports can leverage the nine free zones in Egypt to launch a business and enjoy corporate tax relief through tax exemptions to businesses. These free zones encourage foreign direct investment, which in turn helps boost the local economy.
The Egyptian passport grants its citizens visa-free or visa-on-arrival access to 50 global destinations, including Malaysia, Hong Kong and Barbados. Investors and their families can enjoy seamless travel to different destinations from Egypt for work and fun.
Egypt Citizenship by Investment process is streamlined and guarantees prompt citizenship to global investors, without having to fulfil any residency or language requirements. While the timeline to receive the confirmation varies between six and twelve months, investors who ensure process transparency can manage it on time.
The main investor or applicant is eligible to include the family members in a single application, such as spouse and children under 21 who are dependent on the investor.
Egypt Citizenship by Investment (CBI) program is a structured and stepwise process, enabling global investors to obtain Egyptian citizenship through various investment options. The process is transparent and exhaustive, usually taking 6 to 12 months to complete.
Global investors seeking Egypt Citizenship by Investment must initiate the process by submitting an application to the Citizenship Unit and paying the required non-refundable government fee of $10,000, irrespective of the investment option they choose.
The next step in the Egypt citizenship by investment process mandates global investors to select the best-suited investment route. Egypt facilitates four pathways, including a non-refundable contribution of $250,000 to the state treasury and purchasing government-approved real estate worth at least $300,000. Investors can also invest $350,000 in a new or existing Egyptian company along with an additional $100,000 non-refundable contribution to the state treasury and depositing $500,000 in an Egyptian bank.
The next step involves transferring the investment funds from abroad in US dollars to a designated account at the Central Bank of Egypt. The investors must transfer the funds from abroad directly, as transfers from local Egyptian bank accounts are not permitted under the rules of citizenship.
The next step mandates the investors to open a local bank account in Egypt, facilitating investment transactions and fund management related to the investment.
The next step in this process involves preparing and submitting the important documents required to obtain citizenship under the program. These documents include a valid passport, birth certificate, marriage certificate (if applicable), clean criminal record certificate, medical certificate, proof of investment and source of funds. The investors must authenticate the documents and, wherever necessary, translate them into Arabic.
The investors must undergo due diligence background checks and security screenings to ensure the applicants comply with legal and security necessities.
Once the authorities complete the background checks and validate the investment, the applicants receive approval for Egyptian citizenship.
Once the investors receive the approval for their citizenship, they become eligible to apply for and obtain an Egyptian passport, after which they can enjoy the rights of an Egyptian citizen.
Given below are the documents needed to obtain Egypt Citizenship-
Investors can contribute a minimum amount of $250,000 to the State's public treasury. While this amount is non-refundable, this investment option does not ensure profits or returns. However, investors are allowed to transfer the contribution amount in parts to the treasury within one year.
Global investors can buy a property that is licensed by the Egyptian Government or listed on the real estate register, including residential and commercial properties and land plots, to initiate their Citizenship by Investment application process. The property may be under construction or may already be in use. Investors can, however, sell the property five years after acquiring Egyptian citizenship.
Global investors can opt for the business incorporation route to obtain Egypt Citizenship by Investment. If they don't want to register a new company, they can buy a local one there. Investors can use the funds transferred as a part of the investment 25 days after transferring the money. Investors can get a return on their investment back five years after obtaining their Egyptian citizenship. Besides the business investment, investors must donate a non-refundable amount of $100,000 to the State's public treasury.
Global investors can also choose to open an interest-free deposit at the Central Bank of Egypt. However, investors must invest a heavy investment sum of at least $500,000, which can be recovered three years after obtaining Egyptian citizenship.
Investors keen to obtain citizenship of Egypt through the investment route can acquire the citizenship for the entire family, which does not depend on the number of people in the family.
| Contribution Type | Non-Refundable Contribution | Real Estate Purchase | Business Investment | Bank Deposit |
|---|---|---|---|---|
| Investment | $250,000 | $300,000 | $350,000 | $500,000 |
| State Fee | $10,000 | $10,000 | $10,000 | $10,000 |
| Additional Donation | - | - | $100,000 | - |
| Translation and Notarisation of Documents | $1,000+ | $1,000+ | $1,000+ | $1,000+ |
Egypt Citizenship by Investment program operates under a well-defined legal and regulatory structure, outlining the regulations under its framework to ensure transparency, adherence to compliance, and national interest. Some of the significant components of the regulatory structure include the following:
The Citizenship by Investment program of Egypt is governed under. Law No. 190 of 2019 enables global investors to obtain citizenship by meeting the required financial contributions or investments.
Implemented through the Prime Ministerial Decree No. 876 of 2020, these highlight the procedural details, eligibility criteria, and investment options available to the investors.
A dedicated unit under the Cabinet oversees all the citizenship applications, ensures adherence to legal compliance, and manages the due diligence background checks.
All citizenship by investment applicants are required to undergo security and financial background checks to validate their records, confirm the legal source of investment funds and uncover criminal past (if any).
All the citizenship applicants must pay a non-refundable processing fee amounting to $10,000. It is a mandatory requirement for all applicants, and they must ensure the payment at the time of the submission of the application.
Global investors seeking Egyptian citizenship through the investment route must appoint a licensed legal advisor or consultancy firm to help them choose the best-suited investment option for their application process. This step takes 1 to 2 weeks to complete.
The next step in the citizenship application process is to collect the required documents, notarize and translate the required ones into Arabic, and make the payment for the selected investment route - real estate, business, bank deposit, or donation.
The next step in the process is to submit the duly completed application to the Egypt Citizenship by Investment Unit. Along with the application, a non-refundable application fee of $10,000 must also be paid at the time of submission. This step takes 1 week to complete.
One of the most significant steps in the process of obtaining Egypt Citizenship by Investment is to undergo due diligence background checks to determine the financial integrity, past records and legal status. This step takes 2 to 3 months to complete.
Once the background checks are successfully cleared, the government authorities grant the approval. After the approval, citizenship documents are issued, after which the investors are eligible to apply for Egyptian passports. This step takes 1 to 2 months to complete.
Enterworld offers comprehensive assistance to global investors seeking Egypt Citizenship by Investment. With expert end-to-end support for investors and their families, we have helped investors steer past through investment routes, facilitating a smooth, compliant, timely and streamlined application process.
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