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Egypt releases regulations for granting residence permits to foreigners

Tuesday 31 July 2018 09:22 PM

Ministry of Interior
Ministry of Interior


By Al-Mal
Egypt's Ministry of Interior announced today regulations for granting  temporary residence permits to foreigners in case  they own a registered property.
A pertinent statement stated that  granting the permits activates Minister of Interior's decree No. 828 year 2017 in pursuance  with the following terms:
- A one-year permit shall be granted to a foreigner who owns a registered property worth USD100,000.
- A three-year permit shall be granted to a foreigner who owns a USD200,000 property.
- A five-year permit shall be granted to a foreigner who owns a USD400,000 property.
Granting the permit must comply with the following requirements:
- Purchase contract must have a final registration by real estate registration office.
- Applicants must submit documents certifying exchanging foreign cash for the value of the property via Egypt-based banks.
- Applicants must submit recent certificates issued by the real estate registration office certifying the property ownership is still registered.





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