Investor Visa In Egypt
Investor Visa In Egypt is the main visa for foreigners who want to invest large amounts of money in the country. It took place on July 21st, 2017 with the endorsement of Mostafa Fouda and his wife Reham Saeed, who have played a role in helping Egyptians obtain visas every day.
The purpose of this article is to guide you through the whole process of obtaining an investor visa in Egypt.
There are many countries that offer investor visas, allowing foreigners to obtain residency permits through investments made into the local economy. Egypt is one of such countries. In this article, we’ll talk about how to obtain such visa and the requirements you’ll have to meet.
Worldwide investments seek a better source of growth, and the investor visa program in Egypt could be the pathway they are hoping for.
Investor Visa In Egypt
The investor migration to Egypt has gained significant momentum over the years, with increased allocation for business investments in the country. In the period of 2011-2016, Egypt’s investment climate has seen a remarkable transition, which witnessed an increase of up to 50 percent in foreign direct investment, with total investments exceeding $3 billion. More favorable conditions have also been set for investors in Egypt’s industrial and service sectors. Some of the key opportunities that attracted foreign investors include:
CITIZENSHIP BY INVESTMENT
In 2020, a new law was published in Egypt launching a Citizenship by Investment programme. It is now possible for investors to gain Egyptian Citizenship and a passport via any of the following investment routes:
- A $250,000 non-refundable government contribution to the citizenship by investment unit;
- Purchase a government-approved real estate project from $500,000;
- Establish a new company or invest in a previously established company in Egypt, with a minimum of $400,000. The investors must own at least a 40% share in the company;
- Make a minimum bank deposit of $750,000, which is refundable after 5 years in Egyptian currency without interest; or deposit $1 million with a return after 3 years in local Egyptian currency without interest.
Egypt’s Citizenship by Investment programme may be attractive to those wishing to reside in Egypt, however, there are more beneficial programmes to consider if you are looking to expand your visa-free access globally; such as Portugal’s Golden Visa programme or one of the Citizenship by Investment programmes offered by various Caribbean countries.
