Why the Egyptian Citizenship by Investment? Deep dive with the Egyptian government.
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- Опубликовано: 3 авг 2024
- 🇪🇬 Contact Hany and more information on the Egyptian CBI: thewanderinginvestor.com/serv...
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I sat down with the Egyptian government official in charge of the Egyptian citizenship by investment programme, and my agent on the ground who helps people apply, to discuss the government's perspective on the programme.
00:00 Introduction
00:30 Overview of Egyptian citizenship by investment program
01:00 Why did the Egyptian government launch a citizenship by investment programme?
04:00 Where do applicants come from for the Egyptian citizenship by investment?
08:00 The most popular investment routes for the Egyptian citizenship by investment programme
10:20 Timeline to obtain the Egyptian citizenship by investment
13:05 Christians in Egypt
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No part whatsoever of the discussion and presentation is, or should be considered as, investment advice, financial advice, legal advice, or tax advice. Always do proper due diligence and speak to a qualified professional advisor in your jurisdiction. Also, be advised that Ladislas Maurice and The Wandering Investor staff may own real estate or investments in the specific markets or opportunities that are discussed. The Wandering Investor may also have marketing agreements in place with certain opportunities that are mentioned.
🇪🇬 Contact Hany and more information on the Egyptian CBI: thewanderinginvestor.com/services/residency-and-citizenship-by-investment/citizenship-by-investment-in-egypt/
🇪🇬 Full analysis of the real estate investment market in Cairo: thewanderinginvestor.com/international-real-estate/making-a-real-estate-investment-in-cairo-egypt-a-contrarian-play/
I'm currently working with Mr. Hany and prime properties, thus far the process has been great! I chose a commercial property and I'm excited as American to move and live full time in Egypt, I have lived and owned property since 2010, and I ALWAYS felt safe and I appreciate the hospitality of the Egyptian people! I'm fully committed and the property I invested in is over 700K USD.
Congrats!
Yet another incredible valuable video from The Wandering Investor. To have access to these gentlemen is remarkable, and to hear the discussion about Egyptian citizenship via investment is fantastic. Thank you so much for posting. Benjamin
Thank you Benjamin
I do hold algerian passport in addition to german and swiss passports. During Corona i was so thankful i had that algerian passport, i left Europe and its paranoiac restrictions and spent 10 months in Algeria enjoying sea sun beaches as everything was open there with zero restrictions...that is to say having a "3rd world" country passport can be really a huuuuge asset !
I wish Algeria would simplify its tourist visa restrictions. I'd love to pop by and have a look, but the effort required always puts it to the back of the list.
@@kel8026 you are most welcome mate!. You are right, the country is unfortunately still quite reluctant to tourism, but those who make it there enjoy a lot the hospitality as they find themselves being the only tourists there. I heard they will issue an e-visa to visit the southern part but I am not sure by when ..
@@marcopolo2036 The southern part?? You mean like the middle of the Sahara near the Niger and Mali borders? I hope not, I'd much prefer the north haha
Nice. Like in Egypt.
How could you keep your german passport with the algerian one? I thought germany only allows single nationality 😲
Well done Ladislas and Hany 👍
Thank you Karym
Thank you very interesting, it is an option. W
Will be interesting to watch this video. I have just bought an apartment in Cairo, through Mohammed Zohdi (the guy you recommended on your website).
hi, still waitting for your video about the egypt new capital. :)
I haven’t released it yet but it is on my website already 🙈 thewanderinginvestor.com/international-real-estate/making-a-real-estate-investment-in-cairo-egypt-a-contrarian-play/ scroll down the article
Thanks for this update! Will pre-existing properties allow taking part in the application? How is the value determined, by purchase price or an estimation of the current market price?
You’re welcome. Pre-existing propeties yes. But not properties that you already happen to own. It must be new incoming investment into the country. As for the valuation, I don’t known feel free to ask Hany.
Come to Egypt ❤❤❤ Egypt is a rich country ❤❤❤❤
Habibi come to EGYPT❤❤❤❤
Just there in September - highly recommend this country.
few questions:
can I combine buying a condominium and build a bnb appartment for a total of a little more than $300,000?
if a person/investor had already 2 citizenship/passport, can that be register/apply both for their egyptian cbi?
You can buy multiple properties and can already have multiple citizenship. Construction costs do not count towards the $300k though
In regards to confidentiality of nationality/passport I am wondering how this works in reality?
If you fly to Egypt from your home country and use your home country passport to depart, enter egypt use Egypt passport stamped in and out, return to home country and there has been no stamps in any other countries, won't this raise questions?
Just like exchange of information with tax jurisdictions I thought there would be similar with immigration where they can see where you have been in the past?
Confidentiality of information is different from you getting busted back home because of logistical issues.
There isn’t any CRS type agreement for documentation. Within the EU would be the exception.
Travel through a third country and you will get your stamps.
How the capital gains are taxed for non residents ? Because if we rely only on capital gains and we need to pay 50% on it it’s less interesting
Typically it’s 22.5 % of the capital gains. But there is some ambiguity in interpretation.
Will I or my children have to serve in the Egyptian army, if we get this passport?
No. There is an exemption for applicants and their children.
@@TheWanderingInvestor awesome, thanks!
@@TheWanderingInvestor automatically exempts for dual nationalities also
Am I missing something?! Why would someone want Egyptian citizenship? The country is a mess, their passport is poor and their OWN citizens are desperate to leave.
Diversification. Non-Western passport. Few-questions-banking. Africa access.
It’s a niche product for sure.
@@TheWanderingInvestor great answer + fantastic weather ( Cairo excluded )
Very very True. I agree
Lower the price to $75,000 US Dollars because of limited visa-free access and military conscription for your son once you acquire the passport!
There is a military service exemption for applicants and their children.
1:10 They. Need. Dollars. 😃
does egypt tax it's citizens on its worldwide income?
On paper yes. In practice enforcement seems to be rather patchy.
Donation 😂 Like the promo there. Don't buy that.
Lol
You cannot even pay me to have Egyptian citizenship and use its passport 😂😂😂
Soon you wish to come as asylum seekers
You must be kidding Dude.. Egypt! Do you know how poor is that country?
Poor does not mean bad. You sound of Eastern European origin. People would have said the same thing about your country back in the 90s.
This is a long term play.
One of the last countries I would put my money and spend too much time. I didn't like my time there. Have to negociate everything, women are quite opressed, and the economy is a mess with islamists having a big power inside the Egyptian society. I don't see it improving for a few decades. Once oil will start to decline heavily you will be happy not betting on Arabic countries. South and South East Asia are the places to go for investments and lifestyle.
Study history...India had the highest GDP in the world before the British blood suckers...That almost went bankrupt having to pay silver for tea😂Why the opium trade and wars came..History repeats...Paper is not wealth...Wait for a rude awakening in 5 years with the backless dollar.🤔
Romans (SPQR) went to Egypt holiday..In 2050?..New & Ancients Egypt or Detroit & Baltimore 😂
@@hyperpedro2868 You hammered it mate👍