#Residency
In an attempt to enhance Egypt's hard currency and finances, the Ministry of Interior revealed in a statement on 15 December that the country will be granting foreigners who own residential properties in Egypt a residency. Last summer in July, the parliament amended the regulations allowing foreigners who have at least EGP seven million in their local bank accounts to apply for residency in Egypt. Five months later, the new regulations are now allowing foreigners who own property worth USD…
