Egypt: Eligibility Conditions for Foreign Investors to Obtain Citizenship Relaxed
April 17, 2023
Effective immediately, the government of Egypt has reduced the eligibility conditions for foreign investors to obtain Egyptian citizenship. First, the threshold to purchase real estate in Egypt has been reduced to USD 300,000 and can be paid in installments over a year; previously, a real estate purchase had to be worth a minimum of USD 500,000 and be in an area designated by the relevant authorities in Egypt. Additionally, the investment threshold has been lowered to USD 350,000 for investment in a new or existing business in accordance with the Investment Law in Egypt; previously, the threshold was USD 400,000. Further, individuals can deposit USD 500,000 in the Central Bank of Egypt (refundable after three years without interest); previously, individuals were required to deposit USD 750,000 (refundable after five years). Lastly, foreign nationals can now deposit in installments over a year a non-refundable USD 250,000 towards direct revenue for the state’s public treasury; previously, the deposit could not be made in installments.
This alert is for informational purposes only. If you have any questions, please contact the global immigration professional with whom you work at Fragomen or send an email to [email protected].
Explore more at Fragomen
Blog post
Partner Hyla Kaplan Rosenberg and Senior Associate Elizabeth Brettschneider discuss the eligibility and application process for marriage-based green cards for foreign nationals married to US citizens.
Video
Neste Mobility Minute, a Sócia Diana Quintas explora a proposta de Visto Verde do Brasil.
Podcast
Senior Manager Lindiwe Mapota interviews Director Johannes Kgotso Tiba on the long-anticipated publication of the Points-Based Immigration System (PBIS).
Blog post
Senior Consultant Lauren Penny and Consultant Daniel Heymann discuss how Israel is leading the charge with AI and immigration.
Fragomen news
Partner Ryan Freel is elected to the Houston Relocation Professionals' Board of Directors for 2025.
Blog post
UK Government Affairs Strategy Lead Shuyeb Muquit dives into the UK's shifting net migration trends.
Blog post
Senior Immigration Consultant Konstantin Schmid shares what employers and workers need to know about 2025 Swiss immigration quotas.
Media mentions
Senior Manager Deirdre Murray discusses the recent legislative changes to Ireland’s employment permits.
Fragomen news
Fragomen's Gemma Hyslop, Andreia Florina Ghimis and Ana Sofia Walsh review ODI Global's new report.
Blog post
Partner Jo Antoons and Lead Analyst Dominic Dietrich discuss Skills Mobility Partnerships (SMPs) in Europe, which are agreements aimed at facilitating cross-border training and migration to address labor shortages.
Fragomen news
Senior Manager Stephen McCrea discusses the key immigration priorities of various NGOs in Ireland ahead of the 2024 general election.
Media mentions
Partner Aaron Blumberg discusses how new US immigration policies might impact international students and the OPT program.
Blog post
Partner Hyla Kaplan Rosenberg and Senior Associate Elizabeth Brettschneider discuss the eligibility and application process for marriage-based green cards for foreign nationals married to US citizens.
Video
Neste Mobility Minute, a Sócia Diana Quintas explora a proposta de Visto Verde do Brasil.
Podcast
Senior Manager Lindiwe Mapota interviews Director Johannes Kgotso Tiba on the long-anticipated publication of the Points-Based Immigration System (PBIS).
Blog post
Senior Consultant Lauren Penny and Consultant Daniel Heymann discuss how Israel is leading the charge with AI and immigration.
Fragomen news
Partner Ryan Freel is elected to the Houston Relocation Professionals' Board of Directors for 2025.
Blog post
UK Government Affairs Strategy Lead Shuyeb Muquit dives into the UK's shifting net migration trends.
Blog post
Senior Immigration Consultant Konstantin Schmid shares what employers and workers need to know about 2025 Swiss immigration quotas.
Media mentions
Senior Manager Deirdre Murray discusses the recent legislative changes to Ireland’s employment permits.
Fragomen news
Fragomen's Gemma Hyslop, Andreia Florina Ghimis and Ana Sofia Walsh review ODI Global's new report.
Blog post
Partner Jo Antoons and Lead Analyst Dominic Dietrich discuss Skills Mobility Partnerships (SMPs) in Europe, which are agreements aimed at facilitating cross-border training and migration to address labor shortages.
Fragomen news
Senior Manager Stephen McCrea discusses the key immigration priorities of various NGOs in Ireland ahead of the 2024 general election.
Media mentions
Partner Aaron Blumberg discusses how new US immigration policies might impact international students and the OPT program.