Let’s take a closer look at one of the newest programs on the market, which will continue to operate in 2024.Citizenship of Egypt by investment program was launched in 2020. Initially, it became a response to a request that had been forming for many years on the part of wealthy citizens of African and Middle Eastern countries who needed legal status to stay in the country. The second goal of the program is to attract foreign investment to Egypt.
In 2023, the Egyptian Citizenship by Investment program underwent reforms, during which the minimum investment in real estate was reduced from $500,000 to $300,000.
What are the options for Egyptian CIP?
One of the newest programs on the market, Citizenship of Egypt by Investment, offers many options to choose from. Including the purchase of real estate in the amount of $300,000 (USD). Real estate can be purchased as full ownership or as a share. Thus, when buying a townhouse for $900,000, you can submit several applications for citizenship of Egypt at once. For example, an investor and a spouse with a child, as well as his parents and her parents. Please note that the main applicant must be male to be able to add a spouse to the application.
How to apply?
As a first step for obtaining Citizenship of Egypt by investment, you need to pay a fixed government fee of $10,000 (USD). Already in the process, you can decide which investment option to choose. The starting fee does not depend on the number of family members in the application. At the moment, applications for citizenship are accepted from candidates from all countries without restrictions.
