When was the Egyptian Citizenship by Investment Program launched? So, on March 14, 2020, the government published Parliamentary Law No. 190 (adopted in 2019) on obtaining Egyptian passport by investment. Further, the authorities initiated the launch of the Egyptian Citizenship Examination Unit. This is a specialized unit in the office of the Prime Minister of Egypt. Please note that Apex Capital Partners is a licensed agent for the Egypt program. And therefore, has the most accurate terms and conditions and processing information.
Egyptian citizenship – why is it worth applying now?
Firstly, the Egyptian passport is a pass to the Middle East region, including the UAE.
Secondly, the authorities lowered the minimum amount of investment in real estate from $500,000 to $300,000. And now applicants may pay for the investment in cash, if legally imported through any customs point on the Egyptian border.
Thirdly, at the moment, the processing of applications is quite well developed. Unlike what was at the start, when the program was launched in 2020. To start the procedure, it is enough to pay a fixed government fee of $10,000. And this amount does not depend on the number of dependents in the application.
Dreamed of quickly obtaining alternative citizenship – this is your chance! You can start issuing an Egyptian passport remotely. Processing takes 3-6 months.
Benefits of Egyptian Citizenship Program
— There is the option of using funds that are sourced from abroad. In this case funds must have passed through an official security customs checkpoint. And also, must reach main applicant after obtaining his case file number from the government for application.
— At first, all required documents are submitted along with the receipt of payment of $10,000 USD, non-refundable, for governmental fees.
— Any official spouse of the main applicant can be included in the application, and they will obtain the Egyptian citizenship 2 years after the main applicant. In total, the application can include 4 wives along with their children.
Citizenship by Investment of Egypt. Apex Capital Partners services
APEX will provide professional legal support and prepare all necessary documents following all stages step-by-step until investor obtains the Egypt.
BENEFITS OF EGYPTIAN PASSPORT
— Visa-free entry to 72 countries, as well as such territories as Hong Kong and Macau (90 days).
— And also, the citizenship of Egypt will allow to purchase real estate in Egypt, without any restrictions. In particular, to acquire real estate in the Sinai Peninsula (prohibited for foreigners).
—Program is valid for the applicant’s spouse* and children under the age of 21 (at the time of approval).
* According to local laws, the investor (if it is a man) can include up to 4 wives along with their children in the application. Please note that the spouse will only obtain an Egyptian passport 2 years after the main applicant. Before that, spouse may apply for a residence permit.
REQUIREMENTS EGYPTIAN CITIZENSHIP
— Payment of government fees
— Applicants must submit to a security screening
— Investment retention periods (real estate – 5 years, deposit – 3 years, business – 5 years).
— No minimum presence requirements
Apex Capital Partners specialists will provide professional legal support, advise at all stages while obtaining Egyptian citizenship, and will also prepare all necessary documents.
OPTION 1.
Real Estate. Refundable investment
USD 300,000
Residential or commercial, one or more properties, installment payment is possible. From June 12, 2023, applicant may choose any real estate project in any location except the Sinai Peninsula.
Owning real estate in Egypt is less expensive than, for example, in Turkey or Cyprus. When concluding a purchase contract, there are no additional taxes (VAT) or registration fees. The cost indicated by the developer is all the costs of the purchase and registration.
OPTION 2.
Bank deposit. Refundable investment
USD 500,000
Refundable after 3 years in the local Egyptian currency without interest.
OPTION 3.
Donation. Non-refundable investment
USD 250,000
Contribution (donation) to the treasury of the Central Bank of Egypt.
OPTION 4.
Investment in Companies.
Non-refundable investment
An investment of
USD 250,000
+
USD 100,000
non-refundable contribution (donation) to the government
There is no minimum or maximum stake that the investor must hold in the company.
HOW TO OBTAIN EGYPTIAN CITIZENSHIP BY INVESTMENT: STEP-BY-STEP WITH APEX
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First, book a free consultation with APEX experts. You may request total calculation of costs for obtaining Egyptian Citizenship by providing a list of family members you want to include on your application. For more information, contact info@apexcap.org, atannous@apexcap.org
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Next, pass a special pre-check procedure from APEX. This step will allow you to see at the initial stage what the chances are of successfully obtaining an Egyptian citizenship.
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Then, sign an agreement with APEX and pay a government fee in the amount of $10,000 (combustible payment).
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APEX prepares documents and provides full support. Further processing takes 3-6 months. Then the application is approved.
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Then, select the investment option for the program. Transfer of funds for investment.
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Plan a visit to Egypt to complete the naturalization procedure and obtain passports (main applicant and children).
IMPORTANT NEWS
Relaunch of a promising citizenship by investment program
Not so long ago, on March 7, 2023, Decree no. 876/2023 of the Prime Minister of Egypt, Mostafa Madbouli. Further, the document successfully passed hearings in the Egyptian Parliament. This document marked many changes to the country’s passport program (CIP). Especially in relation to the investment criteria of the program. Among other things, the minimum amount of investment in real estate has been reduced from $500,000 to $300,000. It was also allowed to deposit the investment amount in cash, legally imported through a customs office.
For the investor, any third party can transfer the required amount to Egypt, including both individuals and companies.
The Egyptian Citizenship by Investment program is a novelty in the investment market. In total, about 200 passports have been issued since 2020. At the same time, the first two years of the program’s existence helped to work out the entire processing, which is carried out entirely by the efforts of local authorities.
In June 2023, the Egyptian authorities lifted the restriction for real estate options – now you applicants may choose any real estate project and location except for the Sinai Peninsula to participate in the passport program.
CARIBBEAN CITIZENSHIP BY INVESTMENT
Caribbean citizenship by investment is allowed in Antigua & Barbuda, Anguilla, Dominica, Grenada, Saint Lucia, and St. Kitts & Nevis. Acquiring a second passport in Caribbean countries has many benefits.
CITIZENSHIP BY INVESTMENT IN REAL ESTATE PROJECTS
Apex Capital Partners has experience in the real estate market. This allows you to find reliable developers around the world whose projects allow you to obtain citizenship for real estate.
ABOUT APEX CAPITAL PARTNERS
Apex Capital Partners Corp. is a full-service government mandated advisory firm specializing in second citizenship and investor immigration programs for a multinational clientele.
APEX provides services with end-to-end execution for many HNWI, representing them to Citizenship by investment programs in countries around the world.
- More than 30 YEARS of investment consulting
- More than 3 BILLION USD in investments
- More than 3000 CLIENTS served internationally
BLOG ––––
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.
Grenada Citizenship: mandatory interview of applicants in 2023
Due to the new requirements of the passport program from August 2023, applicants for Grenada Citizenship by Investment must undergo an interview. This is a remote procedure organized by the Grenada Citizenship by Investment Unit (CIU). So, the procedure was technically launched on September 4, 2023.
Residence permit in Europe. Hungarian residence permit type “Other purposes”
At the moment, there is no official program in Hungary, thanks to which investors can obtain a residence permit in Hungary for the purchase of real estate. However, owning real estate in Hungary may be the basis for obtaining a residence permit. Practically this option is subject to the conditions for applying a residence permit type “Other Purposes”.
Indonesia’s Golden Visa: new option in Southeast Asia
Another country in Southeast Asia has announced a visa program for investors and talents. According to local media reports, the Indonesia’s Golden Visa program will be launched as early as September 2023. Minister for Tourism and Creative Economy, Sandiaga Uno, expressed his hopes that the new program will make a significant contribution to the country’s economic sector.
APEX Pioneers Armenian Citizenship by Investment Program
Moving forward to opening Armenian Citizenship by Investment Program Deputy Minister of Justice Armenouhi Harutyunyan met with Nuri Katz, the founder of APEX Capital Partners, on late August 2023.
Nuri Katz,
Founder of Apex Capital Partners Corp.
«The Egyptian program is a worthy competitor in the immigration services market among countries offering similar programs. Those applicants who have not had time to take part in other passport programs that have completed their work may consider Egypt as an alternative. Egypt ID holders can easily open accounts in any local banks and fully use the banking system»..
