What can an Egyptian passport get you? Egyptian Citizenship by Investment
As a country with a population of nearly 110 million people, with a fascinating history, a special strategic location and full of development potential, Egypt's Naturalization by Investment program has attracted a number of international applicants. This article details the minimum threshold for naturalization by investment in Egypt and the requirements for application.
On March 14, 2020, the Egyptian government published Parliamentary Law No. 190, enacted in 2019, which involves allowing foreigners to acquire Egyptian citizenship through various types of investments, including donations, real estate investments, business investments, and bank deposits. This is currently the only legal investment naturalization program in Africa. As a result, Egypt has become one of the most important countries in theCaribbean regionrespond in singingIstanbulThe country that officially offers the fast-track naturalization program, in addition to Egypt. Egyptian passport holders are eligible to apply for the U.S. E2 visa. Like other naturalization by investment programs, the Egyptian program has no residency requirements and the principal applicant can bring in his or her spouse and minor children.
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Allowing installment payments, Egyptian passports to lower threshold in March 2023
On March 7, 2023, the Prime Minister of Egypt issued Decree No. 876/2023, which introduced a number of modifications to the Egyptian Citizenship by Investment Program. These modifications included lowering the minimum investment requirements for a number of investment categories.Reduced holding periods for some investment classes, allowing for installment payments for two investment classesThe
Minimum Investment Threshold for Egyptian Passport Naturalization Program
According to the Egyptian government's announcement of Parliamentary Law No. 190 enacted in 2019 and the Prime Minister's Decree No. 876/2023 issued by the Prime Minister, applicants can now obtain Egyptian passport by naturalizing in Egypt through 4 investment categories. The latest costs for obtaining Egyptian citizenship through investment are listed below:
Contributions: $250,000 to the National Treasury
Real estate investment: minimum $300,000
Applicants can choose not only state-approved real estate projects, but also properties held by Egyptian companies. For Egyptian real estate investments, the program sets a minimum investment threshold of $300,000 USD. Investors have the option to pay this amount in installments over a one-year period.
Investment firms: $350,000 minimum
Bank deposits: $0.5 million
Additional government costs
In addition to the need to meet the above investment thresholds and prepare the necessary documentation, applicants are required to pay an additional $10,000 per application as a government application processing fee.
Express Passport Naturalization Program
Although the Egyptian Citizenship by Investment Program is the only fast-track passport naturalization program in Africa, there is a long history of similar citizenship by investment programs around the world. The Immigrant Investor Act was first introduced in St. Kitts and Nevis back in 1984. Shortly afterward, in 1993, theDominican RepublicThe Citizenship by Investment Program (CIP) has followed suit. The Citizenship by Investment Program offers applicants a form of citizenship that is completely separate from their original citizenship, without the need to activate or attach additional visas from other countries - it is like having a whole new nationality. This new citizenship gives applicants greater flexibility in business operations and risk management, helping to prevent unanticipated losses due to political and jurisdictional risks spreading overseas.
Requirements for the Egyptian Citizenship by Investment Program
To obtain Egyptian citizenship through the Citizenship by Investment Program, the required documents include, but are not limited to, the personal documents of the main applicant, spouse, and dependents, and overall the requirements are very simple:
Main applicant documents
- Personal documents for spouses and dependents.
- Certificate of no criminal record.
- Comprehensive medical report (comprehensive medical examination report).
- Documents proving the source of income and wealth.
Eligibility of spouses and family members
- A spouse or more than one spouse who is legally married to the applicant.
- Unmarried children under 21 years of age.
However, it should be noted that in terms of the timing of acquiring the status, the main applicant and children under the age of 21 can obtain citizenship at the same time, while the spouse can only apply to obtain an Egyptian passport after 2 years. This is significantly different from the naturalization by investment programs in other countries, like applying for aDominica Citizenship by InvestmentThe spouse and children will be able to get their status at the same time as the main applicant.
5 Advantages of Holding an Egyptian Passport
1. One of the most dynamic economies in the Middle East and North Africa region
Straddling Asia and Africa, Egypt is one of the most dynamic economies in the Middle East and North Africa region. With continued economic growth and booming industries, investing in Egyptian citizenship opens the door to a plethora of business opportunities. The Egyptian Citizenship by Investment Program provides investors with access to the Egyptian real estate market. Being an Egyptian citizen also gives the option to establish private companies and participate in investment projects locally to share in the dividends of Egypt's economic development. In addition, with improved political stability and security measures, Egyptian citizenship provides a safe haven for investors and their families.
2. Rich tangible cultural heritage
3. United States E-2 visa opportunities
4. Enhancing global mobility through the use of Egyptian passports
5. Family benefits and inheritance of status
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Dominica Citizenship Program
- The Dominica Citizenship Naturalization Program was established in 1993 A.D. and is one of the oldest naturalization programs in the world.
- passport immigrationApplicants are not required to attend an interview
- Immigration can be processed quickly: the time it takes is about 2-3 months.
- The most cost-effective program for single applicants
- The status can be passed on permanently to the next generation in the direct line.