Hungarian residency program is closed in March 31, 2017
Hungary is one of the European countries that focuses on economic development and diversification of external financial sources. That is why many people from other countries who wish to obtain citizenship in Hungary and have significant capital are interested in obtaining citizenship through investment in Hungary. On the one hand, the investment program is one of the most available in Europe. On the other – this is one of the most stable and confident developing countries.
THE CONCEPT OF RESIDENT BONDS IN HUNGARY
Since the end of 2013 Hungarian legislators enacted the concept of resident bonds. It should be noted at once that what is meant here is an accelerated permanent residence obtaining through investment, not of citizenship immediately. Obtaining of a permanent residence by an immigrant is a mandatory step towards obtaining the status of a citizen of Hungary.
Meanwhile, the concept of resident bonds is one of the best investment programs in the European Union. And it provides a real opportunity to obtain a citizenship within two or three years, rather than eight years as when obtaining citizenship through naturalization. In most European countries “the barrier to entry” is much higher.
For comparison, the Portuguese investment program requires to make an investment in the amount of 500 thousand Euros. The concept of resident bonds suggests that the foreign investor will invest 300 thousand Euros by purchasing state bonds to this amount (the Hungarian state acts as a guarantor as such).
The minimum maturity of the bonds is five years. At the same time both independent individuals and majority owners of foreign companies can participate in the program. In this case, the applicant will represent the interests of the company.
LEGAL BASIS AND PROSPECTS
Government bonds are issued by financial companies who have special permission from the Economic Committee of the Hungarian Parliament. The issuance of government bonds is held in accordance with the legislation, and the state is the guarantor of their maturity. Financial company should compulsorily report on a monthly basis on the participants of the investment program in an authorized agency – Department of Immigration and Citizenship of Hungary.
After investing of 300 thousand Euros the investor obtain permanent residence in Hungary in just 30 days. Through the diplomatic representation for 60 days. With permanent residence of Hungary, in contrast to the bulk of the other residence programs in the EU (excluding Malta Residence & Visa Program), according to EU Council Directive 109/2003, this category of resident has the right to reside in the territory of other EU countries, not 90 days half a year, but 90 days at the same time, that is, 365 days a year.
POSSIBLE PROBLEMS AND THEIR SOLUTIONS
Investment program of Hungary works very well and smoothly. To use it, contact highly qualified specialists of our company. After all, we have exclusive rights enabling to provide information and legal support to investors. Specially trained lawyers and consultants will advise you on all issues and provide further support.
- Permanent residence in Hungary. Section 1
- Permanent residence in Hungary. Section 2
- Permanent residence in Hungary. Section 3
- Permanent residence through investment. Brochure
- Permanent residence through investment. Presentation
- FAQ about permanent residence in Hungary
- Сitizenship of Hungary through repatriation
- Residence permit of Hungary through the purchase of real estate
- Methods of obtaining a residence permit in Hungary
- List of documents for registration of a residence permit
- Translation § 28 of the 2007 Hungarian number 2 on the entry and residence of third-country nationals
- Explanation to § 28 of the 2007 law number 2 on entry and stay of third country nationals
- Application form