CITIZENSHIP BY INVESTMENT
LexBeacon is a leading legal consultancy firm specialising in Egyptian citizenship and residency by investment. They are a team of seasoned lawyers and officially licensed immigration consultants dedicated to providing expert guidance tailored to your unique needs. With multiple pathways to both citizenship and residency, they leverage their legal expertise to create seamless and efficient strategies for global mobility. Their understanding is rooted in a deep understanding of Egypt’s rich cultural and historical context, and their service is built on trust, transparency, and the personalised touch they offer every client. At LexBeacon, they don’t just guide you through the process, they partner with you on your journey towards a brighter future. Visit the LexBeacon website at https://lexbeacon.com for a free consultation today!
Now that you know more about LexBeacon and how they can help you with getting Egyptian citizenship and residency by investment, let’s talk about getting Egyptian Citizenship by Investment in 2023. In order to stimulate the economy, the government of Egypt has established a citizenship-by-investment program that allows foreign investors to make a contribution in exchange for eligibility for citizenship. The program is one of the world’s youngest and offers a range of investment options, including real estate and business investments.
The program formally began on March 14, 2020, with the publication of Parliamentary Law 190. A specialized department has been set up to oversee the program and accept applications. According to the new law, investors can choose from five different investment options in order to receive citizenship and a passport. These include making a donation, investing in real estate, depositing money in an Egyptian bank account, or starting up a business. In addition, a person may also be granted citizenship by making a contribution to an existing Egyptian business that is already operating.
Applicants can choose to invest in either residential or commercial property in the country, whether they are already built or under construction. The minimum amount for real estate investment is US $500,000, and a person can purchase several properties at once. However, the property must be held for a period of at Egyptian citizenship least three years in order to retain Egyptian citizenship. In addition to this requirement, a person must also pay the government a fee of $10,000 for the citizenship. Another option is to deposit funds in an Egyptian bank account, with the deposit being refunded after a period of three years in local currency without interest. The minimum deposit amount is $500,000, and this can be made in installments over a year. In addition, a person can also deposit a non-refundable $250,000 deposit in direct revenues in the state’s public treasury.
In addition, a person can apply for citizenship by contributing to an existing Egyptian business, providing at least 40% of the shares in the company. The company must be operated in a productive field. In this case, the investor can also request for a visa to live and work in Egypt indefinitely. A person can also apply for citizenship by contributing to a startup business, provided that they intend to create jobs in the country. This is a great way to support the country’s youth, and can also help in the development of technology and scientific research.
Finally, a person can also apply for citizenship by donating $100,000 to the state’s public treasury. This is a less popular option, but it has the advantage of being more flexible than the previous ones, in terms of both investment amounts and the duration of the required retention period. Now that you know more about getting Egyptian Citizenship by Investment in 2023, reach out to the true professionals over at LexBeacon for a free consultation today!
