New amendments to the law of Entry and Residence of Foreigners in Egypt that grant citizenship to foreigners who inject their investments into the country.
The amended Article No. 2 stipulates that the prime minister has the right to grant the Egyptian citizenship for any foreigner who bought a state-owned property or a private property, or established an investment project in accordance with the Egyptian Investment Law, or deposited money in hard currency.
As per the new amendments, the Cabinet shall form a unit tasked with considering the applications of granting the citizenship. The unit consists of representatives of ministries of foreign affairs and interior, investments and international cooperation.
The applicants shall submit their forms online and pay $10,000 in fees or its equivalence in Egyptian pound. Then, the unit shall consider the application within only 3 months.
The latest amendments conducted to the Egyptian Nationality Law were approved on September 21, 2017 by the Parliament, stating that “The Egyptian citizenship will be withdrawn from individuals found guilty of participating in a terrorist act, communicating with terrorists or gathering information for terrorists.”
“The text of Article 17 of Law No. 89 of 1960 regarding the entry and residence of aliens in Egyptian territory shall be replaced by the following text:
Article 17: Foreigners shall be divided in terms of residence into the following categories:
(1) foreigners with special residence
(2) foreigners with normal residence
(3) foreigners with temporary residence
Of Article II
Article 4 (bis) of Law No. 26 of 1975 on Egyptian nationality shall replace the following text:
(Article 4 bis): Subject to the conditions laid down in sub-paragraphs 1, 2 and 3 of Article 4 of Article 4 of this Act, the Prime Minister may, upon the offer of the unit referred to in Article 4 bis 1, A foreigner who has purchased a property owned by the State or other public legal persons, established an investment project in accordance with the provisions of the Investment Law promulgated by Law No. 72 of 2017, or deposited a sum of money in foreign currency as direct income to the State Treasury or as a deposit in a special account of the Central Bank As promulgated by a resolution of the President of the Council Of Ministers after the approval of the Council of Ministers.
In addition to Law No. 26 of 1975 on Egyptian nationality, two new articles (4 bis 1) and (4 bis 2) are added:
(Article 4 bis 1)
A unit shall be established in the Council of Ministers to examine requests for naturalization submitted in accordance with article 4 bis of this law and to express an opinion on their case.
(Article 4 bis 2)
“An application for naturalization shall be submitted in accordance with Article 4 bis of this Law at the headquarters of the Unit or on its website, in accordance with the required data and documents, after paying a fee of ten thousand US dollars or the equivalent of the Egyptian pound and payable under a bank transfer from abroad.”