Citizenship by investment

The Arab Republic of Egypt, located in the northeast corner of Africa, spans around 1 million square kilometers, and ranks as the 12th largest country in Africa and the 30th largest country globally. It shares borders with Gaza and Israel to the northeast, Sudan to the south, and Libya to the west. The Gulf of Aqaba in the northeast separates Egypt from Jordan and Saudi Arabia. Egypt is the third most populous country in Africa and the 14th worldwide.

Located between the Mediterranean and the Sahara and home to the Suez Canal, Egypt represents an important link between Europe and Africa with great economic potential.

Egypt’s economy is primarily driven by the services industry, which accounts for approximately 55 percent of the gross domestic product (GDP). In 2023, Egypt emerged as the top contributor to Africa’s GDP, accounting for 13.9 percent, surpassing Nigeria and South Africa. Egypt has also been one of the leading drivers of trade in Africa, with an estimated 10 percent share in 2023.

The dynamic growth of the Egyptian economy, its strategic geographical position, low labor costs, skilled workforce, unique tourist potential, substantial energy reserves, large domestic market and the success of the reforms undertaken by the authorities contributed to driving up foreign investments in Egypt
Egypt recently adopted an Investment Law that includes performance requirements for certain investment incentives, including labor-intensive projects and geographical location. The government has also set up special economic zones with business-friendly regulations: more liberal, more efficient administration, tax incentives, facilitation of registration and customs procedures and better infrastructure.

Real Estate Prices

• Apartments and Condominiums: In major cities like Cairo and Alexandria, apartment prices vary depending on the neighborhood. In prestigious areas of Cairo, such as Zamalek or Maadi, apartment prices can start at $100,000 and reach $500,000 or more for larger and more modern properties. In less prestigious areas, prices can start at $50,000.
• Houses and Villas: Villas in Cairo and on the Red Sea coast (e.g., in Hurghada or Sharm El Sheikh) vary in price depending on location and size. Villas in resort areas can range from $200,000 to several million dollars. For example, luxury villas with sea views can be priced between $500,000 and $2,000,000.
• Land Plots: For those looking to build their own home, land plots are available across the country. In popular resort areas, land prices can start at $50,000 for smaller plots and reach several hundred thousand dollars for plots in prestigious areas with sea views.

Egypt offers various opportunities for investors, including purchasing real estate for rental income. The growth of tourism and the active development of infrastructure create favorable conditions for long-term investments. Investors who purchase real estate in Egypt may also obtain residency, which simplifies staying in the country.

The real estate market in Egypt is steadily developing, and experts predict further price increases. Investments in tourist regions and prestigious areas of Cairo are particularly promising. Demand for real estate is expected to grow due to the increasing population and interest from foreign investors.

As in any other country, investors should consider legal aspects and potential economic risks related to currency fluctuations and changes in legislation. However, with the right approach and consultation with local experts, investing in real estate in Egypt can be a profitable and stable investment decision.

Egypt offers citizenship by investment in real estate with a minimum investment of $300,000.

Who Can Obtain Citizenship

In Egypt, obtaining citizenship through investment is possible, but the conditions and requirements may differ from other countries with more formalized citizenship-by-investment programs. Currently, Egypt offers the possibility of obtaining citizenship through the purchase of real estate or other types of investments. Along with the investor, the following individuals may also obtain Egyptian citizenship:

• The spouse of the primary applicant, a few years after the applicant.
• The primary applicant's children, usually minors or dependent children (up to 21 years old).

All applicants must meet the program's requirements and undergo a due diligence process. Egyptian legislation may change, so it is important to consult with local legal experts for up-to-date information.