Egypt Expands Offer to Buy Citizenship to Attract Vital Dollars

Egypt is expanding the number of ways to acquire citizenship — including by paying in installments — to address a chronic shortage of foreign exchange that’s contributing to an economic crisis.

The regulations, outlined in the Official Gazette Wednesday, will allow citizenship to be bought in several new ways, on condition funds are transferred in hard currency from abroad. They include buying state-owned property for at least $300,000, or participating in a venture with a $350,000 investment plus depositing $100,000 in the state treasury.