Bank Deposit Residency – 1 Year (إقامة وديعة بنكية – سنة)

The 1-Year Bank Deposit Residency is a financial-based permit established to attract foreign currency liquidity into the Egyptian banking sector. This category is defined under the amendments to Law No. 89 of 1960, specifically targeting investors who prefer a liquid financial commitment over physical real estate. It provides a straightforward, administrative pathway for residency that bypasses the complexities of property registration, serving as an efficient tool for the government to bolster foreign currency reserves while offering investors a reliable, renewable status.

This residency is for foreign nationals who place a minimum deposit of $50,000 USD into an Egyptian state-owned bank. The deposit must consist of 'fresh' funds transferred from abroad. It is a highly distinctive option because it does not require the purchase or management of property, making it ideal for individuals who want a flexible, low-maintenance residency status. The permit is renewable as long as the deposit is maintained in the bank. It is often chosen by business professionals, retirees, or those who prioritize simplicity and liquidity in their investment strategy while enjoying the benefits of legal residency in Egypt.