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Egypt residence permit new simplified process 

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2023 Egypt residence permit new Framework 

New Decisions Facilitating Foreigners’ Residency in Egypt

 The Egyptian Minister of Interior recently issued Decision No. 977 of 2023, which focuses on the entry and residence permits of foreigners in the Arab Republic of Egypt. This decision, published in The Official Gazette, aims to streamline, and simplify the procedures for foreigners seeking temporary residency in Egypt. It refers to several relevant laws that provide the legal framework for foreigners’ stay and ownership of properties in the country.

Let’s explore the key highlights of the decision 

The decision introduces various residency options for foreigners, allowing them to reside in Egypt for extended periods. These options are based on specific requirements and investments, ensuring that non-tourist residents contribute positively to the country’s development and economy.

1. Five-Year Renewable Residency:

Foreigners who own one or more properties in the Arab Republic of Egypt, with a total value of at least two hundred thousand US dollars, are eligible for a renewable residency card. This option grants them the right to reside in Egypt for a five-year period, subject to renewal.

2. Three-Year Renewable Residency:

For those who own one or more properties in Egypt, valued at a minimum of one hundred thousand US dollars, a renewable residency card valid for three years can be obtained. This option provides flexibility for foreigners who wish to establish a more long-term presence in the country.

3. One-Year Renewable Residency:

Foreigners who own properties in Egypt, with a value not less than fifty thousand US dollars, can apply for a renewable residency card valid for one year. This option caters to individuals seeking temporary residence while exploring investment opportunities or enjoying their Egyptian properties.

4. Residency Based on Bank Deposit:

Another available option is a three-year residency permit based on a bank deposit of one hundred thousand US dollars or its equivalent in other foreign currencies. This requirement provides an alternative pathway for foreigners who prefer to make a deposit rather than invest in real estate.

5. Short-Term Residency Based on Bank Deposit:

Foreigners can also obtain a one-year residency permit by making a bank deposit of fifty thousand US dollars or its equivalent in other foreign currencies. This option is suitable for individuals seeking a temporary stay without the need for a long-term commitment.

 

 

Granting Residency Permits/cards:

The Director of the General Administration for Passports, Immigration, and Nationality has been assigned the full responsibility of defining the necessary regulations and the required documents for granting residency cards. This ensures that the application process is transparent, efficient, and in accordance with the provisions stated in the decision.

 

The recent decision by the Egyptian Minister of Interior, as published in The Official Gazette, signifies the government’s efforts to streamline and facilitate the entry and residence of foreigners in the Arab Republic of Egypt. By introducing various residency options based on property ownership or bank deposits, the decision aims to attract foreign investors, boost the real estate sector, and stimulate economic growth. These measures will undoubtedly contribute to the overall development of Egypt while offering opportunities for foreigners to establish a legal and stable presence in the country.

Summary 

  1. Five-Year Renewable Residency: Foreigners who own properties in Egypt worth at least $200,000 are eligible for a renewable residency card valid for five years.
  2. Three-Year Renewable Residency: Foreigners who own properties in Egypt worth at least $100,000 can obtain a renewable residency card valid for three years.
  3. One-Year Renewable Residency: Foreigners who own properties in Egypt worth at least $50,000 can apply for a renewable residency card valid for one year.
  4. Residency Based on Bank Deposit: Foreigners can obtain a three-year residency permit by making a bank deposit of $100,000 or its equivalent in other foreign currencies.
  5. Short-Term Residency Based on Bank Deposit: Foreigners can obtain a one-year residency permit by making a bank deposit of $50,000 or its equivalent in other foreign currencies.

The Director of the General Administration for Passports, Immigration, and Nationality is responsible for defining the regulations and required documents for granting residency cards. This ensures a transparent and efficient application process.

The decision reflects the government’s efforts to attract foreign investors, boost the real estate sector, and stimulate economic growth. By providing various residency options based on property ownership or bank deposits, Egypt aims to facilitate the entry and residence of foreigners while promoting the country’s overall development.

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Rania El Sherbini

Global Staffing & Immigration Partner

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