Hungarian Government Approved Investment
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.
- A single application process for the main applicant and all qualifying family members, with no mandatory trips to Hungary required;
A fast and facilitated application process for permanent residency. Applicants and their family members can apply for permanent residency just six months after receiving their TR cards;
Inclusion of dependents under 18 at the time of PR application approval;
Free movement throughout the Schengen zone.
- Investment: Eur 300.000
Information about Section 28 (3)-(7) of the amendments to Act No. 2 of 2007 on the Admission and Right of Residence of Third-Country Nationals (the “Act”)
Information for applicants for residence permits in Hungary
The so-called “Residency Government Bonds” are zero-coupon government securities issued after January 1, 2015 with denominations of EUR 50.000 for a tenor of minimum 5 years in accordance with the separate Decree of the Minister for National Economy. The Residency Government Bonds are issued at a discounted price and will be redeemed at par value at maturity. The yield of the Residency Government Bond is calculated in accordance with respective rules of law as a difference between the par value and the discounted price.
In accordance with Section 110.§ (11) of the Act in connection with applications submitted after January 1, 2015 an aggregate par value of 300,000 euro of Hungarian Residency Government Bonds shall be subscribed (bought) per applicant.
The company as specified above issues a security with at least five years of tenor of which (and not of the Residency Government Bonds) the applicant for a permission of residence in Hungary should hold not less than EUR 300.000 of face value for minimum 5 years. The specific terms of these securities (especially the interest rate or yield) are not specified by the laws of Hungary. The company should have all licences required to carry out such activities in the relevant country.
The approval for the company is granted by the Economic Committee of the Hungarian Parliament.
With questions related to residence permits applicants should contact us: email@example.com
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