Egypt: Sisi Approves Law on Granting Citizenship to Foreigners
Published: 17/Août/2018
Source: Asharq Al Awsat (London)
The Egyptian gazette published on Thursday a decree signed by President Abdel Fattah el-Sisi who approved the amendment of some articles in the law on the entry and exit of foreigners and the naturalization law.
Last July, Egypt’s parliament passed a bill to grant citizenship to foreigners who deposit at least EGP7 million (around $400,000) in the country for five years.
If the Interior Ministry accepts an applicant’s naturalization request, the deposit will then be transferred to the Treasury to boost the country’s economy.
Read further: https://aawsat.com/english/home/article/1365811/egypt-sisi-approves-law-granting-citizenship-foreigners