Interior Ministry amends conditions for foreign nationals...

Advice, information and discussion about Egypt in general.

Moderators: DJKeefy, 4u Network

Post Reply
User avatar
DJKeefy
Site Administrator
Site Administrator
Posts: 11025
Joined: Thu Jan 13, 2005 4:08 pm
Location: UK
Has thanked: 652 times
Been thanked: 1222 times
Gender:
Contact:
Egypt

Interior Ministry amends conditions for foreign nationals...

Post by DJKeefy »

Interior Ministry amends conditions for foreign nationals residing in Egypt

The Official Gazette in Egypt published on Tuesday a decision by Interior Minister Major General Magdi Abdel Ghaffar to amend ministerial decision No. 8180 for the year 1996 on the regulation of foreigners' residence in Egypt.

The new amendment allows foreigners to be granted a temporary, non-tourist residency for a period of 5 years, which can be renewed for those who own one or more properties in Egypt worth not less than $400,000 (around LE7.2 million).

The amendments, through the new decision No. 828 for the year 2017, stipulate that foreigners may be granted temporary residency for non-tourism for a period of 3 years, which can be renewed for those who own one or more properties in Egypt worth not less than $200,000 (LE3.6 million).

Earlier, the government said in a statement that it had agreed to a proposal to amend the rules of granting residence in Egypt for non-tourism to foreigners who buy housing units, to be implemented gradually, in order to cope with the current rise in the value of real estate and the increase in property prices.

"The value [of the real estate property] required has been increased from $50,000 to $100,000 in the case of a one-year residence permit; and will be raised to $400,000 in the case of a five-year residence permit," the government statement said.

Source: http://www.egyptindependent.com//news/i ... ding-egypt


Image
User avatar
Major Thom
Royal V.I.P
Royal V.I.P
Posts: 2885
Joined: Mon Mar 30, 2015 5:45 am
Has thanked: 187 times
Been thanked: 375 times
Gender:
Contact:
Cyprus

Re: Interior Ministry amends conditions for foreign national

Post by Major Thom »

Who will value the properties, there are no properties valued at that in Luxor at all. The other factor is would anyone pay them prices for living in a place like Luxor. Even in the UK outside London there are very few properties for sale at $400,000. Where do these people get these ideas from?
User avatar
Goddess
Egyptian Pharaoh
Egyptian Pharaoh
Posts: 3356
Joined: Thu Dec 08, 2005 5:14 pm
Location: Alex
Has thanked: 51 times
Been thanked: 46 times
Gender:
Contact:
Egypt

Re: Interior Ministry amends conditions for foreign national

Post by Goddess »

You know when you buy your property......and they write the contract.....and they write the price on it?!



Sent from my SM-G532F using Tapatalk
Image
User avatar
Dusak
Egyptian Pharaoh
Egyptian Pharaoh
Posts: 6190
Joined: Sun May 11, 2008 2:29 pm
Location: LUXOR
Has thanked: 3241 times
Been thanked: 3812 times
Gender:
Thailand

Re: Interior Ministry amends conditions for foreign national

Post by Dusak »

Goddess wrote:You know when you buy your property......and they write the contract.....and they write the price on it?!



Sent from my SM-G532F using Tapatalk
Quite correct, and before you sign it you should read it at least three times, then, with luck, you would notice, like we didn't, that the price was 100,000Le instead of £100,000. :(
Life is your's to do with as you wish- do not let other's try to control it for you. Count Dusak- 1345.
Post Reply
  • Similar Topics
    Replies
    Views
    Last post
  • Egypt sentences five foreign nationals to death
    by DJKeefy » » in Know Egypt
    1 Replies
    483 Views
    Last post by Who2
  • 9 foreign nationals detained for alleged role in clashes
    by DJKeefy » » in Know Egypt
    4 Replies
    489 Views
    Last post by Who2
  • Al Ahram berates Interior Ministry
    by newcastle » » in Know Egypt
    3 Replies
    702 Views
    Last post by Hafiz