Report: Egypt Citizenship by Investment Programme, 2023
In March 2020, the Egypt Citizenship by Investment Program began and is now part of the CBI Index. Main applicants who are looking to obtain alternative citizenship for their family can include certain family members in their economic citizenship application.
Egypt’s Citizenship by Investment Program ranked 9th in the Citizenship By Investment Index, 2023, by the CEOWORLD magazine.
Egypt’s CBI Programme offers four investment options.
- REAL ESTATE INVESTMENT: Applicants are required to purchase one or more government-owned properties or government-owned land, for at least US$300,000, to be held for a period of five years.
- BUSINESS INVESTMENT: Applicants are required to invest a minimum of US$350,000 in an Egyptian company.
- GOVERNMENT CONTRIBUTION: Upon approval, applicants must make a non-refundable contribution of US$250,000 to the CBI Unit account at the Central Bank of Egypt.
- BANK DEPOSIT: Make a bank deposit of $500,000 in the Central Bank of Egypt, which is refundable after a period of three years.
No particular nationalities are excluded from Egypt’s Citizenship by Investment Program, though the Government can deny or turn down applications. Applicants aren’t obligated to attend an interview or take any kind of test for the Program. Still, they must visit Egypt to secure their National ID Card before receiving economic citizenship.
The applicant’s companion, for example, a spouse, can be included with the main application, but they will only be granted citizenship two years after the main applicant becomes a citizen of Egypt. Additionally, unmarried minors under 21 may be added to the application, and they’ll receive citizenship simultaneously with the main applicant.
Other benefits of Egyptian citizenship include eligibility to apply for an E-2 visa to the US. There is no cap or expiry date on Egypt’s Programme.
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