Will investors shell out cash for Egyptian citizenship?

Published: 15/Aug/2016
Source: Al Monitor

Summary: To encourage foreign investment and help the country’s financial recovery, the Egyptian parliament is considering amending the constitution to grant citizenship to investors.

Author: Safiaa Mounir / Translator: Mohammad Khali

The Egyptian government has recently proposed a draft law to amend the country’s nationality law. It would give investors the right to apply for citizenship after living and investing in Egypt for five years. The bill has caused controversy and dispute both within parliament and among the public. While some Egyptians argue it will encourage investment and help the country’s financial recovery, others maintain that nationality is not something that should be sold.

Read more: http://www.al-monitor.com/pulse/originals/2016/08/egypt-parliament-new-law-grant-nationality-exchange-money.html#ixzz4OnRgEGCf

Themes: Acquisition of nationality, Naturalisation and Marriage
Regions: Egypt
Year: 2016