Arab Finance: Egypt decided to grant its citizenship to foreigners who buy a property owned by the government or juridical persons for at least $300,000, according to a decision published in the Egyptian gazette on March 8^th.

Citizenship will be also offered to foreigners who deposit an amount of $500,000 refundable after 3 years in Egyptian currency.

In addition, Egypt will grant citizenship to foreigners who participated or established an investment project for a minimum of $350,000, whilst depositing an amount of $100,000 as direct revenue in the foreign currency, which is transferred to the state’s public treasury and not refundable.

Foreigners who deposit a sum of $250,000 as direct revenue in foreign currency, which is later transferred to the public treasury and not refundable, also have the right to hold Egyptian citizenship.

El-Sisi ratifies amendments to Egyptian nationality law Updated 5/31/2023 3:52:00 PM