{"id":6512,"date":"2022-04-13T11:08:53","date_gmt":"2022-04-13T09:08:53","guid":{"rendered":"https:\/\/advice.aqarmap.com.eg\/en\/?p=6512"},"modified":"2022-04-18T15:37:36","modified_gmt":"2022-04-18T13:37:36","slug":"buying-a-property-as-a-foreigner","status":"publish","type":"post","link":"https:\/\/aqarmap.com.eg\/en\/advice\/buying-a-property-as-a-foreigner\/","title":{"rendered":"Your Guide to Buy A Property As A Foreigner"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In July 2018, Dr. Moustafa Madbouly, Egypt\u2019s Prime Minister, has announced the decision that grants foreigners a temporary non-tourist residency in Egypt which allows them to own properties. This decision came with the aim to facilitate administrative procedures, refresh the real estate sector, and increase the foreign currency in Egypt.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">Buying A Property for Foreigners<\/span><span style=\"font-weight: 400;\"> in Egypt<\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The Egyptian government provides many tracks through which foreigners can buy and own properties in Egypt, which in return can obtain Egyptian nationality in case:<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A renewable 3-year residency and owning a property that is worth $200,000 or more<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A renewable 5-year residency and owning a property that is worth $400,000 or more<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">Earning the Egyptian Nationality By Investing<\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Foreigners can earn the Egyptian nationality by investing if certain requirements are met such as:<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Transferring non-refundable $250,000 to the Egyptian national treasury\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Depositing $750,000 to the Egyptian national treasury, which is refundable after 5 years without interest<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Opening a trust in the Central Bank of Egypt with an amount of one million dollars, which is refundable after 3 years without interest<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Starting a business project with a capital of $400,000<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Buying a <\/span><a href=\"https:\/\/aqarmap.com.eg\/en\/for-sale\/property-type\/\"><span style=\"font-weight: 400;\">state-owned property<\/span><\/a><span style=\"font-weight: 400;\"> with a total cost of $500,000<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">Countries that Offer Residency for Buying A Property<\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">This practice is not exclusively in Egypt, it is also found in other countries that offer the same practice for foreigners in order to encourage the economy and increase its reserve of foreign currencies. Among the countries that offer the same practice are:<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Qatar: Qatar grants foreigners a residency in case they owned a property that is worth $200,000 and a permanent residency in case they owned a one-million-worth property with free education and healthcare services<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Jordan: it allows foreigners to have a 5-year residency in case they owned one or more property that are worth at least JOD 200,000 which is equivalent of $280,000\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The United Arab Emirates (UAE) &#8211; Dubai: foreigners can enjoy a renewable 3-year residency in Dubai in case they owned a property that is worth at least AED 750,000\u00a0\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Turkey: It offers residency in case of owning a property that is worth at least $250,000 on the condition of not selling it for 3 years<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Brazil:It offers permanent residency in case of owning any property, commercial or residential, or even firms with a total amount of $160,000<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Greece: You can earn a residency in case you owned a property that is worth $300,000<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cyprus: You can earn a permanent residency in case you invested in a property that is worth EUR 300,000 which is worth $339,000<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">Main Requirements to <\/span><span style=\"font-weight: 400;\">Obtain Your Residency in Egypt<\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">There are some requirements and conditions put by the Egyptian governments before granting residency to foreigners who want to invest in a property in Egypt, which include:<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Paying the <\/span><a href=\"https:\/\/aqarmap.com.eg\/en\/neighborhood\/\"><span style=\"font-weight: 400;\">full price of the unit<\/span><\/a><span style=\"font-weight: 400;\"> or a $100,000 deposit which is 40% of the total price<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Having the contract between the buyer (foreigner) and the national seller stamped from the Authority of Tourist Development in Governorates<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Submitting a statement that testifies that the unit is still under construction and stating the expected delivery date<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The delivery date does not exceed 4 years from the day of contracting<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A bank statement that confirms the transferring of the agreed-upon price in US dollars with its worth in Egyptian pounds<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The General Administration of Passports, Emmigration, and Nationalities then proceeds to determine the duration of the residency based on the amount of money transferred<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><i><span style=\"font-weight: 400;\">Important Notes:<\/span><\/i><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">There has to be a unified model of paper submitted that includes the name, number, nationality, and the address of the property\u2019s owner<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The General Administration of Passports, Emmigration, and Nationalities has to be notified by this model<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">Does Egypt Allow Foreigners to Buy or Sell Properties in Egypt?<\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Yes, by using only their passports according to Law No. 286\/1996 on regulating foreign ownerships of Egyptian properties and lands<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">Best Places for Foreigners to Invest in Egypt<\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">There are many new projects and cities that are viable options for foreign investments in Egypt. Some of them are:<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">The New Administrative Capital<\/span><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The New Administrative Capital is considered as a national mega project that extends over 170,000 acres and is expected to host more than 40,000,000 residents by 2040.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-6513 size-full\" src=\"https:\/\/advice.aqarmap.com.eg\/en\/wp-content\/uploads\/2022\/04\/\u0634\u0631\u0627\u0621-\u0639\u0642\u0627\u0631\u0627\u062a-\u0641\u064a-\u0627\u0644\u0642\u0627\u0647\u0631\u0629-\u0627\u0644\u0639\u0627\u0635\u0645\u0629-\u0627\u0644\u0625\u062f\u0627\u0631\u064a\u0629-\u0627\u0644\u062c\u062f\u064a\u062f\u0629.jpg\" alt=\"\" width=\"960\" height=\"460\" title=\"\" srcset=\"https:\/\/aqarmap.com.eg\/en\/advice\/wp-content\/uploads\/2022\/04\/\u0634\u0631\u0627\u0621-\u0639\u0642\u0627\u0631\u0627\u062a-\u0641\u064a-\u0627\u0644\u0642\u0627\u0647\u0631\u0629-\u0627\u0644\u0639\u0627\u0635\u0645\u0629-\u0627\u0644\u0625\u062f\u0627\u0631\u064a\u0629-\u0627\u0644\u062c\u062f\u064a\u062f\u0629.jpg?v=1649840367 960w, https:\/\/aqarmap.com.eg\/en\/advice\/wp-content\/uploads\/2022\/04\/\u0634\u0631\u0627\u0621-\u0639\u0642\u0627\u0631\u0627\u062a-\u0641\u064a-\u0627\u0644\u0642\u0627\u0647\u0631\u0629-\u0627\u0644\u0639\u0627\u0635\u0645\u0629-\u0627\u0644\u0625\u062f\u0627\u0631\u064a\u0629-\u0627\u0644\u062c\u062f\u064a\u062f\u0629-300x144.jpg?v=1649840367 300w, https:\/\/aqarmap.com.eg\/en\/advice\/wp-content\/uploads\/2022\/04\/\u0634\u0631\u0627\u0621-\u0639\u0642\u0627\u0631\u0627\u062a-\u0641\u064a-\u0627\u0644\u0642\u0627\u0647\u0631\u0629-\u0627\u0644\u0639\u0627\u0635\u0645\u0629-\u0627\u0644\u0625\u062f\u0627\u0631\u064a\u0629-\u0627\u0644\u062c\u062f\u064a\u062f\u0629-768x368.jpg?v=1649840367 768w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The New Capital is located beside Badr City on the Cairo-Suez road and Cairo-Ain Sokhna road and it includes many prominent compounds that offer luxurious lifestyles such as:<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/aqarmap.com.eg\/en\/listing\/2705901-projects-scene-7-1\"><span style=\"font-weight: 400;\">Scene 7 Compound<\/span><\/a><span style=\"font-weight: 400;\">: It is located in the Seventh Residential District (R7) in the central axis and plot G2. It extends over 42 acres and only 20% of this area is dedicated for residential units while the rest is exclusively for green areas and water features<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/aqarmap.com.eg\/en\/listing\/2805875-projects-the-city-compound\"><span style=\"font-weight: 400;\">The City Compound<\/span><\/a><span style=\"font-weight: 400;\">: It is an integrated project of a total area of 54 acres and is located in the Fourth Residential District (R4) and is also close to the Green River and the Al-Massa hotel<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Janoub Compound: Its area reaches 48 acres and it consists of 20 residential buildings and is developed by the Orientals for Urban Developments (OUD)<\/span><\/li>\n<\/ul>\n<p><a class=\"btn btn-default btn-md\" href=\"https:\/\/aqarmap.com.eg\/en\/for-sale\/apartment\/cairo\/new-administrative-capital\/?photos=0&amp;unitOnly=0&amp;default=1\" target=\"_blank\" rel=\"noopener\">Start searching for apartments for sale in New Capital<\/a><\/p>\n<h3><span style=\"font-weight: 400;\">New Cairo City<\/span><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">New Cairo is considered as one of the most vital new cities in Egypt since it offers a variety of types of properties and it is located in the east of Cairo on the Cairo-Suez road and Katameya-Ain Sokhna road. Among the compounds it is famous for are:<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-6514 size-full\" src=\"https:\/\/advice.aqarmap.com.eg\/en\/wp-content\/uploads\/2022\/04\/\u0623\u0631\u0642\u0649-\u0643\u0645\u0628\u0648\u0646\u062f\u0627\u062a-\u0627\u0644\u0642\u0627\u0647\u0631\u0629-\u0627\u0644\u062c\u062f\u064a\u062f\u0629-\u0643\u0645\u0628\u0648\u0646\u062f-\u0623\u0632\u0627\u062f.jpg\" alt=\"\" width=\"1280\" height=\"720\" title=\"\" srcset=\"https:\/\/aqarmap.com.eg\/en\/advice\/wp-content\/uploads\/2022\/04\/\u0623\u0631\u0642\u0649-\u0643\u0645\u0628\u0648\u0646\u062f\u0627\u062a-\u0627\u0644\u0642\u0627\u0647\u0631\u0629-\u0627\u0644\u062c\u062f\u064a\u062f\u0629-\u0643\u0645\u0628\u0648\u0646\u062f-\u0623\u0632\u0627\u062f.jpg?v=1649840426 1280w, https:\/\/aqarmap.com.eg\/en\/advice\/wp-content\/uploads\/2022\/04\/\u0623\u0631\u0642\u0649-\u0643\u0645\u0628\u0648\u0646\u062f\u0627\u062a-\u0627\u0644\u0642\u0627\u0647\u0631\u0629-\u0627\u0644\u062c\u062f\u064a\u062f\u0629-\u0643\u0645\u0628\u0648\u0646\u062f-\u0623\u0632\u0627\u062f-300x169.jpg?v=1649840426 300w, https:\/\/aqarmap.com.eg\/en\/advice\/wp-content\/uploads\/2022\/04\/\u0623\u0631\u0642\u0649-\u0643\u0645\u0628\u0648\u0646\u062f\u0627\u062a-\u0627\u0644\u0642\u0627\u0647\u0631\u0629-\u0627\u0644\u062c\u062f\u064a\u062f\u0629-\u0643\u0645\u0628\u0648\u0646\u062f-\u0623\u0632\u0627\u062f-1024x576.jpg?v=1649840426 1024w, https:\/\/aqarmap.com.eg\/en\/advice\/wp-content\/uploads\/2022\/04\/\u0623\u0631\u0642\u0649-\u0643\u0645\u0628\u0648\u0646\u062f\u0627\u062a-\u0627\u0644\u0642\u0627\u0647\u0631\u0629-\u0627\u0644\u062c\u062f\u064a\u062f\u0629-\u0643\u0645\u0628\u0648\u0646\u062f-\u0623\u0632\u0627\u062f-768x432.jpg?v=1649840426 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/aqarmap.com.eg\/en\/listing\/2138544-projects-palm-hills-new-cairo\"><span style=\"font-weight: 400;\">Palm Hills Compound<\/span><\/a><span style=\"font-weight: 400;\">: It is considered as one of the most luxurious projects in New Cairo and is only 5 minutes away from the American University in Cairo (AUC) and it extends over 500 acres<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">La Nuova Vista Compound: It includes 131 standalone villas, twin houses, and penthouses, and extends over 41 acres<\/span><\/li>\n<\/ul>\n<p><a class=\"btn btn-default btn-md\" href=\"https:\/\/aqarmap.com.eg\/en\/for-sale\/apartment\/cairo\/new-cairo\/?photos=0&amp;unitOnly=0&amp;default=1\" target=\"_blank\" rel=\"noopener\">Start searching for apartments for sale in New Cairo<\/a><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">New Alamein City<\/span><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">It is considered as one of the most important new mega cities emerging in the Egyptian market and it extends over 49,000 acres. It aims to host 2,000,000 residents and it is located on the western North Coast that overlooks the Mediterranean sea. Among its famous compounds are:<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-6516 size-full\" src=\"https:\/\/advice.aqarmap.com.eg\/en\/wp-content\/uploads\/2022\/04\/\u0627\u0644\u0639\u0644\u0645\u064a\u0646\u0627\u0644\u062c\u062f\u064a\u062f\u06294_optimized-750x405-1.jpg\" alt=\"\" width=\"750\" height=\"405\" title=\"\" srcset=\"https:\/\/aqarmap.com.eg\/en\/advice\/wp-content\/uploads\/2022\/04\/\u0627\u0644\u0639\u0644\u0645\u064a\u0646\u0627\u0644\u062c\u062f\u064a\u062f\u06294_optimized-750x405-1.jpg?v=1649840581 750w, https:\/\/aqarmap.com.eg\/en\/advice\/wp-content\/uploads\/2022\/04\/\u0627\u0644\u0639\u0644\u0645\u064a\u0646\u0627\u0644\u062c\u062f\u064a\u062f\u06294_optimized-750x405-1-300x162.jpg?v=1649840581 300w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Downtown Compound: Its total area reaches 31 acres and it is only 400 meters away from the main road of the North Coast<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/aqarmap.com.eg\/en\/listing\/2821203-projects-palmhills-alameen\"><span style=\"font-weight: 400;\">Palm Hills Compound<\/span><\/a><span style=\"font-weight: 400;\">: It extends over 10,000 square meters and it is located behind City Edge\u2019s towers right beside the towers\u2019 artificial lakes<\/span><\/li>\n<\/ul>\n<blockquote>\n<h2><a href=\"https:\/\/aqarmap.com.eg\/en\/search-page-filters\">Start searching for properties in New Cities in Aqarmap<\/a><\/h2>\n<\/blockquote>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Egyptian government provides many tracks through which foreigners can buy and own properties in Egypt, which in return can obtain Egyptian nationality, Read more!<\/p>\n","protected":false},"author":3,"featured_media":6518,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57],"tags":[],"class_list":["post-6512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-advice"],"_links":{"self":[{"href":"https:\/\/aqarmap.com.eg\/en\/advice\/wp-json\/wp\/v2\/posts\/6512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aqarmap.com.eg\/en\/advice\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aqarmap.com.eg\/en\/advice\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aqarmap.com.eg\/en\/advice\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/aqarmap.com.eg\/en\/advice\/wp-json\/wp\/v2\/comments?post=6512"}],"version-history":[{"count":0,"href":"https:\/\/aqarmap.com.eg\/en\/advice\/wp-json\/wp\/v2\/posts\/6512\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aqarmap.com.eg\/en\/advice\/wp-json\/wp\/v2\/media\/6518"}],"wp:attachment":[{"href":"https:\/\/aqarmap.com.eg\/en\/advice\/wp-json\/wp\/v2\/media?parent=6512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aqarmap.com.eg\/en\/advice\/wp-json\/wp\/v2\/categories?post=6512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aqarmap.com.eg\/en\/advice\/wp-json\/wp\/v2\/tags?post=6512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}