Foreign land and property ownership in Egypt is governed by specific laws and regulations. Here are some key points to consider regarding foreign land and property ownership in Egypt, along with potential capital control implications:

1. Land Tenure System:

   • Egypt has a system of land tenure that includes state-owned land and private land. Most land is under state ownership, and land is typically granted through leasehold rights.

2. Foreign Ownership of Land:

   • Foreign individuals and entities are generally not allowed to own agricultural land or properties within designated security or border areas. However, they can acquire leasehold rights on such land. Foreigners can own property, such as residential units and commercial space.

3. Property Purchase Process:

   • Foreigners interested in purchasing property in Egypt must obtain approval from the Ministry of Defense in cases involving land within designated security areas. In other cases, the acquisition process typically involves the local real estate registry office.

4. Capital Control Implications:

   • Egypt has implemented foreign exchange controls and regulations that may affect the repatriation of funds from property transactions. The Central Bank of Egypt oversees foreign exchange regulations.
   • Foreign investors may face restrictions on transferring sale proceeds and rental income out of the country, and the process may involve documentation and approvals.

5. Legal Advice and Due Diligence:

   • Legal advice and due diligence are essential when investing in Egyptian real estate to ensure compliance with local laws and regulations and to manage potential risks.

6. Investment Promotion:

   • Egypt has actively promoted foreign investment, including in the real estate sector. Investors may find incentives and programs designed to attract foreign capital.

7. Land Rights and Titles:

   • Ensuring clear and secure land rights and titles is crucial in Egypt, as disputes over property rights can occur.

8. Lease Terms and Duration:

   • Foreign investors typically enter into leasehold arrangements, and the duration of these leases can vary. Lease agreements should be carefully negotiated and documented.

It's important to stay informed about any changes in Egyptian laws and regulations, as well as any updates to capital control policies and foreign exchange regulations. Consulting with legal professionals, financial institutions, and relevant government authorities for the most up-to-date information is advisable when considering real estate investments in Egypt. Additionally, be aware of the specific limitations and conditions associated with foreign land ownership and potential challenges related to the acquisition and repatriation of funds.