Video Briefing

Nomad Capitalist R&D: How to Get Egyptian Citizenship by Investment

Mar 24, 2024Video Briefing5:29Watch on YouTube

Egypt has introduced a Citizenship‑by‑Investment (CBI) program that allows foreign investors to obtain Egyptian nationality through a limited set of financial contributions. The passport is not a “tier‑A” travel document—visa‑free access is modest—but it can serve as a secondary (plan B) passport, especially since Egypt permits dual citizenship.

Investment pathways

Option Minimum contribution Key conditions
Real‑estate US $300,000 Must be purchased in a government‑approved development. The property can be located anywhere in Egypt, but it must be held for 5 years. If sold earlier, the investor must make a non‑refundable contribution of US $250,000 to the government.
Company incorporation / business investment US $350,000 Either create a new Egyptian company or invest in an existing one. Ongoing obligations include corporate tax filings, accounting, and maintaining the business.
Donation US $250,000 One‑time, non‑refundable contribution to a designated government fund. Payments can be split into installments.
Bank deposit US $500,000 Fixed‑term deposit in an Egyptian bank; funds must be transferred from abroad and will be converted to Egyptian pounds upon arrival.

All contributions must originate from foreign accounts and be transferred to Egypt before the application is processed.

Eligibility and documentation

  • Age: Applicants must be adults; children under 21 can be included in the primary applicant’s file. The spouse may obtain citizenship after a 2‑year residence period.
  • Source of funds: Proof of legitimate origin (bank statements, audit reports, etc.) is required.
  • Financial capacity: Evidence that the applicant possesses sufficient assets to cover the chosen investment.
  • Criminal record: Clean criminal history is mandatory; minor infractions (e.g., traffic violations) typically do not affect eligibility, whereas serious financial crimes can lead to rejection.
  • Medical fitness: A standard health certificate is required.

Process overview

  1. Fund transfer – Move the required amount from an overseas account to an Egyptian account; the money is automatically converted to local currency.
  2. Application submission – Provide personal identification, source‑of‑funds documentation, criminal‑record check, and medical report.
  3. Due diligence – Egyptian authorities conduct background checks on the applicant and any dependents.
  4. Approval and issuance – Upon successful review, citizenship is granted. Real‑estate investors must retain the property for the stipulated period to avoid the additional contribution.

Practical considerations

  • Cost comparison – The US $250,000 donation is the cheapest route, cheaper than Turkey’s program but more expensive than some Caribbean options.
  • Dual citizenship – Egypt allows holding another nationality, making the program suitable as a backup passport rather than a primary travel document.
  • Investment risk – Real‑estate and business options involve ongoing management, market exposure, and compliance obligations, whereas donation and bank‑deposit routes are one‑time, non‑refundable payments.
  • Holding period – Real‑estate investors face a five‑year lock‑in; early sale triggers the additional US $250,000 contribution.

Overall, Egypt’s CBI scheme offers a relatively low‑cost entry point for investors seeking a secondary passport, with flexibility across real‑estate, business, charitable, and banking channels, subject to standard due‑diligence and residency requirements.