Client story
Client's Story
Where they started
The client—an entrepreneur from Libya—sought a second Egyptian passport with one important condition: not to lose invested funds. Non-refundable contribution did not suit him; he sought an option where funds would eventually be returned.
Why the standard route did not work
Egyptian citizenship offers such an option: a returnable bank deposit from $500,000 USD, which is placed for a specified term and then returned to the client. This provided exactly what was needed: a passport now and funds back later, unlike non-refundable contribution.
What BRIDGES had to solve
The second complexity involved source of funds. Capital from jurisdictions such as Libya undergoes enhanced due diligence—this is a regional context matter, not a personal assessment. Surface-level confirmation is insufficient: the source of funds must be disclosed at document level, otherwise even a returnable deposit becomes stuck in compliance review.
Why a standard answer would not do
At BRIDGES, the client came to combine two objectives: select an option with funds return and simultaneously prepare comprehensive due diligence on the source to ensure the enhanced verification for Libyan capital proceeds smoothly.
A passport was important to me, but I did not want to lose funds, and I knew that verification from Libya would be stricter. Igor proposed a returnable deposit: funds are placed for a term and then returned—I receive the passport while preserving the capital. We immediately approached the source of funds thoroughly and compiled complete due diligence. We passed enhanced verification smoothly, I received the passport, and funds will be returned after the term. We solved both tasks at once.
