Egypt stands as a significant tourist and investment destination in the Middle East and North Africa region, boasting a rich history and culture. Egypt has recently witnessed a set of developments to encourage and attract investments. And for those considering settling in Egypt, purchasing real estate and getting a Real Estate Residence offers a pathway to obtain long-term or permanent residency in this beautiful country. However, it involves certain procedures and conditions that individuals seeking residency must adhere to.

Benefits of Egypt’s Real Estate Residence Permit for Foreigners

Real Estate Residency is a form of investment residency, it is a residence permit granted to any individual who owns property in Egypt. Through this property, they are granted a renewable annual residence permit as long as the property remains in the owner’s name. The duration of the residency increases with the value of the property.

Egypt’s real estate market offers a unique opportunity for foreign investors, as the acquire property and gain residency. These programs, driven by the Egyptian government, aims to stimulate the economy by attracting foreign investment. Here are the benefits of Egyptian property ownership for foreign residents as following:

  1. Long-Term Residency with Family Sponsorship

The real estate residence permit grants significant advantages, including long-term residency in Egypt. The permit’s validity ranges from one to five years, with options for renewal. This extends residency not only to the investor but also allows sponsorship for spouses and children, making Egypt an attractive option for those seeking to relocate their families.

  1. Freedom of Movement and Access to Services

Residence permit holders enjoy the freedom to enter and exit Egypt, providing ease and flexibility for travel. Additionally, they are entitled to access both public and private healthcare and education services within the country. This ensures access to quality care and educational opportunities.

  1. Investment Potential Beyond Property

The program opens doors to broader investment opportunities beyond the initial property purchase. With residency status, investors can explore ventures in Egyptian businesses and assets. This program allows individuals to leverage their residency for further financial gain and economic participation.

Eligibility Requirements for Real Estate Residence in Egypt

Becoming a Qualified Investor for the real estate residence permit, foreign investors must meet specific criteria as following:

  1. They need to acquire a property in Egypt with a minimum value of US$50,000. As the minimum down payment of 25% of the property value demonstrates a commitment to the investment.
  2. Property maintenance and occupancy are essential for retaining the residency permit.

And to navigating the application process for the real estate residence permit, investors should prepare the following documents for submission to the Egyptian Ministry of Interior:

  • Valid passport (at least six months remaining validity).
  • Copies of property ownership deed and valuation certificate.
  • Proof of investment (down payment receipts).
  • Completed application form.
  • Additional Considerations for Foreign Investors.

While the residency program offers substantial advantages, there are external factors to consider. Property ownership in Egypt incurs taxes, including property tax, capital gains tax, and rental income tax (if applicable). Foreign investors should also be mindful of currency exchange rates between their home currency and the Egyptian pound. Consulting with an immigration lawyer or professional can provide valuable guidance throughout the application process.

Our specialized team at “Consortio Law Firm” leverages its expertise and knowledge of the Egyptian real estate market to facilitate the selection process and provide full support in completing transactions.

We also manage all procedures related to obtaining real estate residence, streamlining the time and effort required, allowing investors to focus on exploring more opportunities and enjoying the experience of living in Egypt.

With “Consortio Law Firm”, you can trust that you will receive a reliable and comprehensive service, making your journey towards investment and residency in Egypt a smooth and successful experience.

Contact us Now if you need more details via the phone number 002 01028806061 or send us a WhatsApp or email Info@consortiolawfirm.com.