Foreigners can obtain a residence visa in Egypt through a specific option known as the Property Residence Visa. This visa is granted to individuals who own property in Egypt valued at 100,000$ or more. Based on this property, a free annual residence permit is issued, which is renewable as long as the property remains in the owner's name.
The duration of the Property Residence Visa increases with the value of the property. For example, if the property is valued at 400,000$, a three-year residence permit is granted, which can be renewed periodically as long as the property is still owned by the applicant.
To qualify for the Property Residence Visa, the applicant must meet the following conditions:
- Enter Egypt with a valid tourist visa, an entry visa, or a regular visa
- Provide proof of the funds used for purchasing the property, which must be transferred through Egyptian banks. By law, cash or unofficial money transfer methods are prohibited, so funds must be transferred from the applicant's bank in their home country to an official Egyptian bank (such as the National Bank of Egypt, Bank Misr, or Banque du Caire)
- Present a registered and notarized property ownership contract with the Egyptian Notary Public
- Provide a valid passport
The process is not lengthy, and residency can be obtained within 30 days after submitting the required documents. If the property value is below $100,000, a regular residence visa can be obtained at an annual cost of approximately 170$, which is renewable each year.