Hungary
Immigration to Hungary
A booming hub in the heart of Central Europe, Hungary is one of the most-visited, culturally rich, and well-located countries on the Old Continent.
WHY CHOOSE HUNGARY?
As a member of the European Union and the Schengen zone, Hungary is among the 30 most-visited destinations on the planet. It boasts a rich and diverse culture (everything from music and film to food and literature) universal healthcare, and is perfectly located in the center of Europe, established in 2012, the Investor Residency Bond Program offers applicants a host of advantages.
PROGRAM BENEFITS:
- A single application process for the main applicant and all qualifying family members, including parents, without age restrictions;
- No mandatory trips to Hungary required. Application can be lodged at the respective Hungarian Consulate;
- One of the fastest and most streamlined application processes leading to EU permanent residency for life, in under 30 days;
- Residential address requirement has been waived;
- Hungary is a member of Schengen, the European Union and NATO;
- Fully guaranteed investment, returned in full after 5 years;
- Free movement throughout Europe’s Schengen zone.
INVESTMENT PROCESS
The statutory procedure for accepted foreign direct investment in the Investor Residency Bond Program includes the purchase of special Hungarian government bonds in the amount of €300,000 with a maturity of five years. At maturity, the original capital is returned to the investor without accrued interest.
Legislation dictates that the program of Hungary residence permit by investment is used to purchase bonds that are issued by a Residency Bond Agent approved by the Hungarian authorities. The agent, in turn, invests that amount in the Hungarian government bonds. This transaction is subject to a Subscription Agreement with the designated enterprise, which must be licensed for the main applicant’s geographic region. The government bonds are assigned for the program only, and cannot be used for trading on the public or the secondary market.
QUALIFICATIONS
The Investor Residency Bond Program doesn’t have any set criteria for applicants in terms of personal net worth or management experience. However, the Hungarian administration officers reserve the right to request an interview meeting with the applicant for Hungarian residency by investment, which can be exercised at random.
During the initial due-diligence and application stages, the financial intermediary and the Hungarian authorities will follow standard know-your-clients’ (KYC) and anti-money laundering procedures. For this reason, at the stage of application, the principal applicants will have to provide a set of standard documents proving their source of income and accumulation of personal net worth.
Once the security is issued to the investor, the Residence Bond Agent will provide an irrevocable declaration certifying that a treasury bond for a nominal value of €300,000, with a five-year maturity, will be purchased from the funds received from the investor within 45 days of his/her hungarian permanent residence permit being issued. In addition to the investment, applicants are also required to cover all processing and visa application fees.
To further guarantee the investment, applicants may wish to obtain a Letter of Bank Guarantee by the issuing bank. Additional fees by the bank apply.
FINANCING OPTION
When available, for a set pre-paid fee, clients can leverage their capital by choosing the Financed option. This loan is initiated and repaid at no further cost to the investor.