Features | CIP

Real Estate Agent: Granting Residency to Foreigners
Wednesday, 24 October 2018
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The Real Deal: Residential
Real Estate Agent: Granting Residency to Foreigners
Wednesday, 24 October 2018
In an attempt to enrich the market, Egypt’s cabinet ratified last July the state’s residency-for-property law, allowing foreigners to acquire a five-year residency in Egypt in return for owning properties worth nearly USD 400,000.
The executive regulations for the residency law are underway fine-tuning and will be issued within a month or so. In this regard, Invest-Gate delves into the newly amended law to evaluate its potential in rendering the Egyptian economy as well as reviving the real estate industry.
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