Permanent Residency was available in Hungary through a €300,000 Investment in the Hungarian Residency Bond Program.
The Hungary Golden Visa Programme was a residency by investment programme open for non-EU nationals wishing to invest in Government Bonds. Beneficiaries of the Hungary Golden Visa programme enjoyed residential and work benefits in Hungary with Visa-free travel within Europe. As an EU member state, Hungary joined the Schengen Agreement in 2007.
Legal Basis
The Hungarian Golden Visa programme was enacted by virtue of ACT II of 2007 on the entry and stay of third country nationals, and initiated in 2014 in order to help the Hungarian economy.
Eligibility Criteria
The Eligibility Criteria under this programme were the following:
- Be a citizen of a non-EU/EEA country;
- Invest €300,000 in Government bonds and pay a government fee of €60,000;
- Provide clean police background and source of wealth.
The one-time cost of obtaining a permanent residence permit in Hungary was €360,000 as €300,000 were refunded after 5 years. The non-refundable €60,000 was the actual cost of the Hungary Golden Visa Program and it included all administrative and service fees associated with the Hungarian Residency Bond Program.
Benefits
The main benefits under this programme were the following ::
- Permanent Residence permit for lifetime
- Residence card is issued for 5 years
- Visa-Free travel within the Schengen Area
- Family members can be included in the application
- No minimum physical stay requirement
- Cost can be lowered to €60,000 for all the family
- Opportunity to apply for Hungarian (EU) citizenship after living in Hungary for 8 years.
The Hungarian Residency Bond Programme has been put on moratorium and is now officially over. We can assist individuals seeking residency by investment in the EU in the following countries ::
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