Legislative amendments to allow foreign asset holders to apply for citizenship receive committee-level approval
Legislative amendments that would allow foreign asset holders to apply for the Egyptian citizenship received committee-level approval at the House of Representatives, according to Egypt Today. Prospective applicants would have to have bought a state-owned or private property, set up a project in accordance with the Investment Act or deposited hard currency. Applications would cost around USD10k or the equivalent in EGP. An authority comprised of foreign, investment and Interior Ministry officials would be set up to consider applications submitted online. The amendments will now be up for a final general assembly vote. If passed, they need signoff from President Abdel Fattah Al Sisi and then would become real only when the executive regulations governing them are published.
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.