Egypt is a beautiful country with a rich culture and an equally rich heritage. And now, as reported by NDTV, it is opening its doors to long-term residence. So, if you happen to be an Indian who is looking for a long-term stay in Egypt, here’s what you need to know.
Long-Term Residence In Egypt
As revealed in the report, permanent residency in Egypt now includes practical routes. This ranges from work and study visas to the residence by investment programme, which is basically the Golden Visa of Egypt. Although it does not give a forever card, it does offer long-duration renewable performance.
Property Investment For Long-Term Residency
Talking about residency investment, it’s the easiest and most talked about pathway that leads the way through property investment. To be eligible for this visa, you must take note of the following points.
- You can buy real estate, which should be around USD50,000 for a one-year permit, USD1,00,000 for three years, or USD2,00,000 for a renewable five-year residence.
- However, it should be noted that the property must be registered in the Egyptian real estate registry, and the funds should be transferred from abroad.
- Additionally, there is a government filing fee of roughly USD150 for an application or renewal. And there is also an additional fee for each family member’s card.
- For those who are looking to go all in, the country also runs a citizenship by investment route.
Although this is much more expensive, it is quicker. The options include USD2,50,000 non-refundable treasury contribution, USD3,00,000 real estate purchase, or USD3,50,000 business investment, along with a USD1,00,000 donation. Each of the options comes with a fixed government fee of USD10,000; adding to this, there are professional and documentation costs.
Also Read: Dubai–Abu Dhabi To Welcome An AED55 Billion Massive Car-Free City & Here’s All About It!
Traditional Routes For The Same Result
There are, however, other ways to stay longer. You can stay in the country through traditional routes through work and study about renewable energy, and come with a relatively modest government fee. This is about USD150 in addition to the employer or institution-related charges.
Permanent residency can be achieved through consistent renewals, and long-term residents who invest, work, or have married locally can eventually even apply for naturalisation under the nationality laws of Egypt.
So, it all boils down to the question, do you also want to live in Egypt?
Cover Image Courtesy: Canva Pro/givagaphotos (Images are for representative purposes only)