Egypt•AfricaBank Deposit Residency (3-Year)
At a Glance
2 weeks – 2 months
USD $100,000
3 years
Renewable
Renewal
Renewable
Family
Dependents allowed
PR Pathway
None
Sponsor
No job offer needed
Work
Remote work OK
Overview
Residency permit obtained by depositing a minimum of $100,000 USD into an Egyptian state-owned bank.
This residency permit is obtained by placing a $100,000 USD deposit in a state-owned Egyptian bank. It is generally faster to process than the property investment route as it avoids property registration complexities. The status is renewable provided the funds remain in the bank.
Stay & Extensions
| Initial grant | 3 years |
| Extension increments | 3 years |
Requirements
PUBLISHED REQUIREMENTS
Minimum $100,000 USD deposit
Deposit must be made in a state-owned Egyptian bank
Funds must be 'fresh money' transferred from abroad
REQUIRED DOCUMENTS
Bank deposit certificate from a state-owned Egyptian bank
Proof of 'fresh money' transfer from abroad
Valid passport
Security clearance documentation
Advantages & Considerations
Key Benefits
- Faster processing than real estate route
- Includes immediate family members
- Renewable as long as deposit is maintained
Worth Knowing
- Does not lead to permanent residency or citizenship
- Does not grant automatic work authorization
- Funds must remain deposited to maintain status
- Failure to pass security clearance
- Deposit not held in a state-owned bank
Application Process
Transfer funds to a state-owned Egyptian bank
Obtain deposit certificate
Submit application to GAFI or Ministry of Interior
Undergo security clearance
Receive residency permit
Related visas
More visas in Egypt
Investment visas in other countries
- Business Investor Resident Visa
New Zealand
- Treaty Investor
United States
- Investment Visa (IV)
Ethiopia
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