In this discussion of how to retire in Egypt, we’ll explore various points including the following:
- Can I retire in Egypt as a foreigner
- Is Egypt a good place to retire?
- Egypt retirement visa requirements
- How much do I need to retire in Egypt?
- Advantages and disadvantages of Egypt retirement
- Best places to retire in Egypt
If you are looking to invest as an expat or high-net-worth individual, which is what I specialize in, you can email me (advice@adamfayed.com) or WhatsApp (+44-7393-450-837).
This includes if you are looking for alternatives or a second opinion.
Can I retire In Egypt as a foreigner?
Yes. Expats who want to stretch their retirement money can mull about retiring in Egypt.
Is Egypt a good place to retire?
How to retire in Egypt
Look at the conditions in Egypt for acquiring a residence visa.
Find out how much housing, electricity, food, and medical care cost in Egypt. Egypt is a popular choice for retirees trying to stretch their finances because of its reputation for affordability.
Consider where to live in Egypt and examine their facilities and communities for expats. Think about whether you like the hustle and bustle of the city better over the peace and quiet of more rural areas.
Examine retiree healthcare options, paying particular attention to private health insurance and services. Even though Egypt has free healthcare, many foreigners believe that private healthcare offers higher-quality care.
Retirement visa Egypt
Unlike several other nations, Egypt does not have a particular retirement visa. To retire in Egypt, however, foreigners typically seek for a residence permit or a long-term tourist visa, both of which can be renewable.
Some get residency by owning real estate or by placing a term deposit in a bank that is owned by the state.
Prospective retirees who can show evidence of a steady income or enough money to maintain their lifestyle when living in Egypt are often granted a long-term residence permit.
Residence visa in Egypt
Once acquired, resident permits can be renewed and awarded for a maximum of five years. Foreign nationals can petition for citizenship after ten years of continuous residency in Egypt.
If they can offer documentation of their relationship to the Egyptian national, close family of Egyptian citizens are frequently granted residency rights.
Determining eligibility for an asylum will be the responsibility of the UNHCR or the Egyptian government. This residency option is awarded to people escaping war or persecution in their native countries.
Egypt residence visa requirements usually include:
- a valid passport for at least six months
- filled-out application for a visa
- four passport-sized pictures
- evidence of income
- passed a health examination
- health insurance from home country
- clearance for criminal record
- certificate of marriage, if any
You’ll need to pay any applicable fees.
How much do I need to retire in Egypt?
The average cost of a three-course dinner for two at a middle-priced restaurant is roughly 800 Egyptian pounds, while a cheap meal usually costs about 200 pounds.
About 10 pounds get you a one-way ticket for local transit, and 300 pounds get you a monthly pass.
In the city center, the average monthly rental price for a one-bedroom apartment is 8,483 pounds; outside the area, the price is approximately 4,887 pounds. Standard apartment utilities cost about 786 pounds each month.
The cost of a cinema ticket is around 150 pounds.
An estimated 56,873 pounds a month (not including rent) is spent on living expenses for a family of four, compared to 16,082 pounds for a single individual.
Advantages and disadvantages of Egypt retirement
First, the positives:
Living in Egypt won’t hurt your wallet.
There are hot summers and mild winters in this country. Retirees looking for a comfortable atmosphere often choose to live near the coast because of the milder temperatures.
Since private healthcare offers higher-quality services, many expats choose it over the public healthcare system. In comparison to several Western nations, the average cost of private health insurance is comparatively low.
The expat communities look promising and offer chances for networking and social support. There are organizations and clubs to help retirees integrate and find companionship.
There are many historical sites, museums, and lively regional customs that enhance retirement living in Egypt for people with an interest in history and culture.
Now some negatives:
Although many Egyptians speak English, particularly in tourist regions, you’d need to have a basic command of Arabic for day-to-day communication and using local services particularly in certain areas.
Retirees should exercise caution and stay up to date on local conditions, especially with regard to traffic safety and petty crime, even though overall safety has improved.
Best places to retire in Egypt
Hurghada
Popular Red Sea vacation town Hurghada is well-known for its lovely beaches, pleasant weather, and laid-back way of life.
It is perfect for retirees because it has a sizable expat community and provides a variety of facilities and activities. These include reasonably priced housing.
Hurghada also offers excellent private healthcare choices, spas, and other recreational amenities in addition to golf courses.
Sharm El Sheikh
This is another Red Sea holiday town that draws a lot of retirees, much like Hurghada. It has sunny, dry weather, gorgeous beaches, and a thriving food and entertainment scene.
The town is a favorite among seniors looking for first-rate facilities as well as affordable cost of living.
Alexandria
The second-biggest city in Egypt, it offers retirees the advantages of a nice Mediterranean weather and seaside living but with a more cosmopolitan feel.
The city offers cheaper living expenses than other Western nations, along with milder summers and winters vs other regions of Egypt.
Alexandria boasts an abundant cultural legacy and historical landmarks, and its close proximity to Cairo offers convenient access to more medical care.
Cairo
Cairo may be intimidating, yet there are pleasant retirement communities there.
Maadi is a well-to-do, green suburb with extensive expat population and excellent infrastructure.
New Cairo is a city being built with contemporary facilities and safe areas. These places provide a lifestyle that combines urban conveniences with a laid-back vibe.
Pained by financial indecision?
Adam is an internationally recognised author on financial matters with over 830million answer views on Quora, a widely sold book on Amazon, and a contributor on Forbes.
