New regulations of the Egyptian Citizenship by Investment program. Key changes overview
By the middle of October 2024, the Egyptian government had already received more than 1,000 applications for participation in the Egyptian Citizenship by Investment program from candidates from around the world. The number of people wishing to become the owner of an Egyptian passport is constantly growing. And on October 14, 2024, new changes to the program were officially announced. The amendments aim to make processing more transparent for all parties and receive even more applications for Egyptian citizenship.
Insider’s Guide to Countries that Offer Citizenship by Investment Programs
Citizenship by Investment (CBI) programs are increasingly explored as a means to secure greater global mobility, expand business opportunities, and create a legacy for their families.
Egyptian citizenship for the purchase of real estate. Processing features
Egypt has one of the newest citizenship investment programs on the market. It was launched during the pandemic, and even went through a number of reforms to improve the conditions. At the moment, “Egyptian Citizenship by investment” is not as well-known as, for example, the CIP programs of the Caribbean countries. That is why the processing speed in Egypt can be much faster, since there is not a large flow of applications at the moment. So, who is this CBI program for?
Countries You Didn’t Know Offer Investment Migration
The world of Citizenship by Investment (CBI) is broader than many realize, encompassing well-trodden paths and less-known yet equally enticing routes. This guide shines a light on the citizenship and residency by investment programs of Vanuatu, Egypt, Cyprus, and Turkey, offering investors new opportunities for global mobility and financial diversification.
Investment options: citizenship of Egypt for buying real estate in 2024
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.
Egyptian citizenship for the purchase of premium real estate, El Gouna
On September 14, 2023, the Council of Ministers of Egypt approved a draft decision introducing changes to the Law on Granting Egyptian Citizenship to foreigners. Including a clause that removes restrictions on selecting real estate for citizenship applications. Now you can choose projects from any developer, with one exception – the location should not be on Sinai Peninsula. Thus, buying any real estate in the El Gouna will allow you to apply for Egyptian citizenship by investments.
Egyptian citizenship by investment. Q&A
Egyptian Citizenship by Investment is a program originally created to legalize those entrepreneurs from neighboring states who already live in the country. However, for years they could not get the desired status.
Citizenship of Egypt by investment – new requirements in 2023
Promising citizenship program restarts in Egypt. On March 7, 2023, the Decree no. 876/2023 of the Prime Minister of Egypt Mostafa Madbouly was published, it will soon be discussed in the Egyptian Parliament. This document introduces a host of changes to the country’s citizenship by investment program (CIP), specifically regarding the program’s investment criteria.
