Hungary

IMPORTANT NOTE: The Hungary residency bond programme has now closed for applications (March 2017). Investors are advised to look at suitable alternatives in Europe including Portugal and Malta.

Hungary grants immediate permanent residency to investors under the ‘Hungarian Residency Bond Investment’ program in bonds that have a minimum 5-year maturity and are issued by the State.

At maturity, the original capital is returned to the investor.

The residency can be renewed after 5 years at no further cost.

Citizenship can be applied for after 8 years but under strict conditions including a Hungarian language test.

Hungary is an EU Schengen visa country and this visa allows the full family freedom of travel throughout the EU Schengen zone.

The Hungarian investor visa program is apt for those who prefer not to invest in real estate in one of the other European programs such as Spain, Portugal or Cyprus.

THE COUNTRY

Hungary is an E.U member state situated in South-Eastern Europe. Hungary is landlocked, and its neighbors are Slovakia, Romania, Serbia, Croatia, Slovenia, Ukraine and Austria. The capital city is Budapest and the country has a population of about 10 million inhabitants. Hungary is a high-income economy with a very high standard of living. It keeps up a social security and universal health care system, and a tuition-free university education. Hungary performs well in international rankings, it is 20th in Quality of life, 25th in inequality-adjusted human development, 32nd in Social Progress Index and ranks as the 19th safest country in the world. Hungary joined the European Union in 2004 and part of the Schengen Area since 2007. Hungary is a member of the United Nations, NATO, WTO and World Bank. Major industries include food processing, pharmaceuticals, motor vehicles, information technology, chemicals, metallurgy, machinery, electrical goods, and tourism


RESIDENCE PROGRAM

To qualify for Hungarian Residence, the applicant must:

  • Acquire special Hungarian zero coupon Government Bonds to the value of €300.000 with a 5-year maturity.
  • These government bonds are assigned to the program only, and cannot be used for trading on the public or secondary market.
  • The Bonds are issued by an approved Residency Bond Agent licensed for the clients’ geographic region. The agent then invests the amount in the Hungarian government bonds within 45 days of the applicant receiving the residency.
  • At maturity, the original capital is returned to the investor.

The residency can be renewed after 5 years at no further cost.

Citizenship can be applied for after 8 years but under strict conditions including a Hungarian language test.

BENEFITS

  • Quickest permanent residency program in Europe- applications approved in 30 days
  • Full return of investment after 5 years;
  • Life-long permanent residency;
  • Spouse, dependent children, dependent parents (no age restrictions) can all be included;
  • No minimum stay requirements;
  • No tax obligations for non-residents
  • No language tests. No health tests.
  • Visa free travel to all countries in the Schengen zone
  • Set up a business in Hungary and benefit 9% corporation tax

DEPENDENTS

Residence applies to the whole family (applicant, spouse and children, dependent parents).

APPLICATION PROCESS

  • Applicants must prepare and submit required paperwork, sign documents and pay application fees.
  • The applicant must then wire €300,000 to the Residence Bond Agents deposit account. 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 residence permit being issued.
  • The main applicant and all qualifying family members visit the Hungarian embassy in the country in which they reside to submit their temporary residence permit applications.
  • 3 weeks after the application has been submitted, the ID cards are sent.
  • Residency Bond agent buys Investor Residency Bonds.
  • Applicant and family submit application for Permanent Residence at the Hungarian embassy (six months after receiving the temporary residence permits).
  • Permanent resident cards are ready for collection (typically 3 months after submission of Permanent Residency application).

FEES

In addition to the bonds, there are government fees of €60,000.

Our executives and immigration lawyers will manage the entire application process with document preparation and validation and all government formalities. We partner with the best real estate developers and agents and will arrange for the client to view the properties and get the best possible investment opportunities. Please contact us and our team will be delighted to assist you.