How to get residency in Egypt through property investment or bank deposit
You can gain residency in Egypt through property investment or bank deposit, starting at just $50,000 USD.
This guide outlines the straightforward requirements, investment options, and benefits for families, retirees, and businesspeople seeking a vibrant, Mediterranean lifestyle. Perfect for sun-seekers, conservative families, and investors interested in Egyptโs growing market.
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Whyย get residency in Egypt?
- Affordability โ Egypt offers good value in nearly all categories compared to the West or even most Middle Eastern countries.
- Year-round sunny weather and access to two incredible coastlines on the Red Sea and Mediterranean, not to mention the River Nile
- Conservative and hospitable culture
- Diverse and growing air connectivity
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Looking for Egyptian Citizenship instead? With a $300,000 investment you can get many additional benefits for you and your family. Read about how to qualify for the Egypt Citizenship by Investment.
What paperwork is required to obtain residency in Egypt?
- Valid passport
- Proof of investment in real estate or bank deposit
- Proof of financial stability
How to get residency in Egypt?
You can get residency for yourself and your immediate family by making a bank deposit, or a real estate investment starting at $50,000 USD.
Bank Deposit
1-year option โ Make a deposit of $50,000 USD in an Egyptian bank
3-year option โ Make a deposit of $100,000 USD in an Egyptian bank
- Both options are easily renewable as long as you keep your deposit.
- The money that is deposited must be fresh money that enters Egypt from abroad.
- You can earn interest of around 5.25% (changes with time, but at time of writing around 0.5% better than US banks). Islamic banking options exist as well.
- You are permitted to add to your application your underage dependent children, senior parents and your spouse (up to four legal wives for Muslim applicants)
Real Estate Investment
You may also buy real estate in Egypt to qualify for residency. The initial term of your residency depends on the value of your investment:
1-year โ property worth $50,000 USD or more
3-year โ property worth $100,000 USD or more
5-year โ property worth $200,000 USD or more
- All of these residency options are renewable provided you retain ownership of your property.
- You are permitted to add to your application your underage dependent children, senior parents and your spouse (up to four legal wives for Muslim applicants)
- The property must be registered in the government registrar โ only around 7% of Egyptian properties meet this qualification.
Residency through rental contract
There is also a program which allows residency via rental contract. As long as you have a legal rental contract, you can get residency for 6-month terms. This is compelling as you can get extremely affordable rental units in Egypt.
Important to note that it is a single-entry residency which is voided if you depart Egypt. This means that it is a one way trip to Egypt. If you leave the country for family or business reasons even for just a day, you lose your rental contract residency and must start from scratch. This is why most people who value flexibility opt for one of the residency by investment options.
Who should get residency in Egypt?
There are almost 9 million foreigners living in Egypt, and this number may be higher in reality. Of these, there are around 300,000 HNWIs living in Egypt. Most are citizens of other Arab countries using Egypt as a Plan B or for lifestyle purposes. But a surprising number of Westerners also call Egypt home for part of the year.
- People from Africa and the Middle East who want to live in a familiar country that is affordable and welcoming.
- Europeans who want to enjoy year-round sunshine, especially in winter, without having to go far and while staying in a similar timezone.
- Western muslims who want to live in a country more respectful of their islamic values, but that is more welcoming than other countries in the region such as Turkey and the Gulf where they may face some level of discrimination.
- Western non-muslims who want to raise their families close to Europe and have access to very affordable international schools but with more conservative curriculum.
- Kite surfers, divers and watersport junkies who want to live on the Red Sea.
- Businesspeople that want easy access to Egypt large domestic market of almost 120 million consumers
Video: How to get residency in Egypt by bank deposit or real estate investment
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Looking for Egyptian Citizenship instead? With a $300,000 investment you can get many additional benefits for you and your family. Read about how to qualify for the Egypt Citizenship by Investment.
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