Have you ever wanted to relocate overseas but the process to do so was too complicated?
In today's post, we’ll explore Africa’s only citizenship by investment program, hopefully helping you make a decision on which country you’ll soon be calling home, To make the most of this opportunity, let's see what Egypt’s program is all about in some more depth.
Why Egypt?
Egypt is the only African nation offering a citizenship by investment scheme for foreign investors looking to relocate to within their borders.
This specific program is one of the world’s youngest of its kind, making it even more exciting as it is still relatively new and the potential it has is still growing,
The main point to note before we get into more of the details is that Egypt is offering a number of different investment pathways to their passport, allowing you to choose exactly where your capital assets are going to end up.
How can I apply?
If you’re intrigued by this program, the requirements are:
1. Invest US$500,000 in real estate from a government owned project
2. Invest US$400,000 and maintain a 40% shareholding in a new company in Egypt
3. Donate US$250,000 to the Central Bank of Egypt
4. Deposit either US$750,000 or US$1 million (in local currency) into an Egyptian bank account, the first option is refundable after 5 years and the second after only 3
Are there any benefits for me?
Earlier in the video we looked into a bit of the background to Egypt’s citizenship by investment program. However, as we all know, there’s more to relocating than just the process that takes place beforehand. We want to know the benefits as well.
Some of the them include:
1. Citizenship within 6 to 9 months
2. No physical presence requirement
3. Dual citizenship is allowed
Also, as it is the only route to citizenship in Africa through investment, the program is immediately singled out as a pioneer in the region, could it be the perfect program for you?
As we have seen, Egypt is following other nations around the world in opening their passport up to investors from other areas of the globe, and, as the only program of its kind on the continent, it surely has to be recognised as an innovative and tempting program for those of you looking to relocate to Africa, be it for personal or professional reasons. So, if you think this program could be for you, remember, once you start the application the Egyptian passport could be in your hands in as little as 6 months.
If you are interested in finding out more about how to obtain citizenship in Egypt through investment, as well as other opportunities to develop your business, contact us today! Below this article, you will find a link to set up a free fifteen-minute consultation with us to discuss your options further.
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