In recent years, Egypt has become a leading choice for investors looking to gain residency through investment. The country offers a unique strategic location, a rich cultural heritage, and a diverse economy, presenting promising investment opportunities across various sectors. And that which made foreigner investors seek to get Egypt residency. Getting the permit to an investor residence in Egypt can help opening doors to the vast opportunities and cultural wealth of this ancient civilization.
About Egypt Residency for investors
Permanent residency is a visa status that allows the bearer to legally live, work, go to school and access healthcare in the host country. Having permanent residency can eventually lead to citizenship by naturalization, provided the resident has lived in that country for a certain number of years.
According to the Egyptian law and regulations applied by the Egyptian Passport and Immigration Department and the General Investment Authority, granting residency in Egypt to a foreign investor varies according to the law regulating the company (under the umbrella of Investment Law No. 72 of 2017, or Law No. 159 of 1981).
Article No. (4) of the Executive Regulation of the Investment Law No. 72 of 2017 issued by the Prime Minister’s Decree No. 2310 of 2017 determines the conditions of granting the investors residency as follows:
- To be a founder, shareholder or a partner in a company or owner of an establishment.
- The period of residency shall not be less than one year and not more than the duration of the project.
Article No. (5) of the Executive Regulation of the Investment Law No. 72 of 2017 determines the residency period shall be one year at the beginning of the incorporation, and shall be renewed for another period in cases there is seriousness in starting the execution of the project. Then, it shall be renewed for periods of five (5) years each and in all case the residency may not be longer than the period of the project.
Benefits of Egypt Residency for investors
- Extended Stay: Residency permits allow for long-term stays in Egypt, with options for one, three, or five-year renewable periods depending on the investment choice.
- Family Inclusion: The residency can be extended to immediate family members, including spouses and children.
- Travel Convenience: Residency provides easier access for travel within Egypt and can facilitate smoother entry into other countries in the region.
- Business Opportunities: Residents can engage in various business activities and investments in Egypt’s growing economy.
- Property Ownership: Investors can purchase and own property in Egypt, which can be a valuable asset and source of income.
- Healthcare and Education: Residency often grants access to quality healthcare and educational facilities in Egypt.
- Cultural Experience: Residents have the opportunity to experience Egypt’s rich history, culture, and lifestyle.
Eligibility Requirements for Egypt residency for investors
- Valid Passport: A current passport is necessary.
- Investment or Deposit.
- Proof of Financial Stability: Provide evidence of sufficient financial resources.
- Source of Funds: Submit documents verifying the origin of your investment or deposit funds.
- Clean Criminal Record: A clean criminal record is required.
- State Fee: Pay any applicable state fees as specified.
Securing investor residence in Egypt provides numerous advantages that make it an attractive destination for investors. With a supportive business environment and a strategic geographical position, Egypt offers exceptional opportunities for foreign investors seeking significant success.
To receive help in obtaining a residence permit in Egypt, please get in touch immediately with our experts’ lawyers at “Consortio Law Firm”. Our experienced team provides a bespoke, end-to-end services and tailored legal advices to support your needs.
For more details, Contact us Now via the phone number 002 01028806061 or send us a WhatsApp or email Info@consortiolawfirm.com.
