FAQ about permanent residence in Hungary

As part of the present program a candidate for permanent residence and his family members may be eligible for permanent residency in Hungary without a time limit, having carried out a one-time investment in 5-year government bonds. This in turn will ensure the smooth movement throughout the whole territory of the Schengen zone. A positive feature of the program is fast and simple administration in contrast to the overall application process.

All foreign citizens and their immediate family members who meet the items of the requirements prescribed in the Act CCXX of 2012, and meet its conditions, namely:

• are holders of a valid travel document
• are the holders of the required permission to enter and further travel
• are not registered in the SIS alert system with ban to enter into the Schengen area and stay in the Schengen area
• have the necessary funds for the purchase of bonds in the amount of at least 300,000 Euro plus administrative costs.

The program for receiving permanent residence in Hungary is designated for all categories of citizens of third countries who can attest to the purity of the origin of the invested funds and fees, regardless of their position, social status or political convictions.

The rights to visa-free entry to the countries listed above have the citizens of Hungary only. Third-country citizens with Hungarian permanent residence are able to obtain visas to these countries under the simplified procedure in the diplomatic missions of these countries in Hungary.

You need to electronically send a registration form with personal information of the applicant and his immediate family to our company, and in the attachment send copies of travel documents and copies of documents certifying the family ties (marriage certificate, birth certificate), as well as attach a copy of the document confirming availability of finance for the purchase of bonds. In addition, we need a personal statement on where you want to begin the process.

Period of travel documents validity can not be less than one year.

After sending the registration form in electronic form, the necessary documents, certificate of support and the statement, if the proceedings will be carried out abroad, then:

• we send you by mail the contract of the company – the bond issuer, competent in a given country
• Once the contract is signed, you need to transfer the amount of the value of bonds and administrative expenses, or place a deposit, which is acceptable to bonds issuer
• upon payment, our company will send you in electronic form all documents by means of which in the designated for the proceedings Hungarian consulate you will have to personally (!) confirm the authenticity of required signatures and documents, as well as to carry out the registration of biometric data

1. The presence of children under 12 years of age, when undergoing procedures through diplomatic missions is not binding.

2. In the case of processing of family, the marriage must be registered for at least 2 years.

• on the basis of certified documents and biometric data Hungarian Office of Immigration and Citizenship conducts the necessary verification within 30 days
• subject to successful verification the bonds buyer and his family are issued a permanent residence, and at the request of the buyer it is possible to personally obtain papers in the territorially competent authority of our office or the document will be forwarded to the place of residence of the buyer by mail
• after obtaining of Hungarian permanent residence the applicant has the right to move freely within the member countries of the European Union and its member states.

Investment and commissioning fees can be placed on deposit accounts of international financial institutions, certified for this by Hungarian state, the list of which an investor can read in the diplomatic missions of Hungary, or receive from our company. The funds will be withdrawn from the deposit account after the investor receives a residence permit of Hungary.

In the event of refusal the invested funds in full, as well as commission fees paid to the companies licensed by the Hungarian state will be returned within 30 calendar days of receipt of the refusal.

Early repayment of the bonds is not possible, as when they are issued, their maturity date is fixed at its lowest level of five years.

The purchase of investment government bonds is available to issuing companies with territorial competence and the powers of the Economic and Information Office of the Hungarian Parliament. The bonds purchased in the name of the investor from the State debt control center are not subject to turnover, they can not be resold on the secondary market and therefore the issuing company with territorial competence can not issue a bond to an applicant, but on the pledge of the bond it may issue a company promissory note or company bond and transfer them to the investor.

Our company works only with bond issuing companies who issue bank guarantees to the applicants to repay corporate bonds, promissory notes. That is, the bond buyer who used the services of our company, except for civil law contracts to repay the minimum investment amount of 300.000 Euro additionally receives a bank guarantee from internationally recognized banks.