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africa , cbi , cip , citizenship-by-investment , club , egypt , mena , policy , policy-updates

Egyptian Cabinet Approves CIP-Law, Formalizes Requirements

December 11, 2019

Christian NesheimEditor   Egypt is set to open the world’s 13th formal citizenship by investment program, with minimum investments starting at US$250,000. The Egyptian government yesterday approved a draft decision related to Parliament’s Law 190 which will grant foreigners citizenship in Egypt in exchange for investments or donations, report...

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africa , cbi , cip , citizenship-by-investment , egypt , mena , policy-update , policy-updates

Egypt Moves Closer to CIP-Launch as Parliament Grants Approval In Principle to New Law

July 12, 2019

Christian NesheimEditor   In September last year, the Egyptian Parliament approved the granting of residence permits – and, after a five-year period, citizenship – to those who deposited 7 million Egyptian pounds (US$422,000) in one of the country’s state-owned banks. Last Sunday, however, Parliament passed amendments to two separate...

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