What is the Hungarian Residency Bond Program?
Act II of 2007 on the Admission and Right of Residence of Third-Country Nationals was amended by the law-making body in Hungary, the parliament, by adopting Act CCXX of 2012. Act CCXX of 2012 disposes and also regulates issuing of residence permits with reference to national economic interest. The law states that the third-country citizen who applies verifies that he/she or a company in which he/she holds a majority stake own(s) a security with a face value of at least EUR 300 000 and with a maturity of at least five years which security is issued by an enterprise recognised by Hungarian government. The full text of the Act is included in the Annex No1.
Guareanteed by the Hungarian State
Why it is worth to buy bonds?
Under the program, in the one-time, 5-year government bond investment the applicant and hisfamily can obtain a lifelong residence permit in Hungary, which provides free travel in the Schengen area. The program features a fast and simple administration, contrary to the general application process.
Why is Hungary?
Hungary is a member state of the EU since 2004, and joined the Schengen Agreement in 15November, 2007. In comply with the Schengen Agreement the border control between the joined countries is abolished, the control of the area outside the border is carried out jointly. Different countries police, administrative and judicial bodies support each other through intergovernmental cooperation in detecting and preventing violations.
The parties to the Schengen Agreement, but are not currently using following countries: United Kingdom, Ireland, Cyprus, Romania, Bulgaria.
The parties to the Schengen Agreement, but non-EU member countries are: Switzerland, Liechtenstein, Iceland and Norway.
Conditions
€ 300.000
Investment in government bonds
€ 60.000
Administration fee
All foreign citizens and close relatives who meet the requirements and comply with the terms of Act CCXX of 2012 namely
- they are in possession of a valid travel document;
- those who do not come under the scope of SIS warning related to admission or residence ban or international arrest warrant;
- They are in possession of necessary amount of EUR 300 000 and administration fee of minimum 60.000 EUR.
How many people can share in preferences by buying one package of bonds?
In case of purchasing of a EUR 300 000 bond package the bond purchaser, and close relatives specified in the application under the family reunification program obtain permanent residence permit.
What does close relative mean?
A close relative of bond purchaser should be understood as a spouse (husband or wife), their dependent children living in common household, and parents supported by investor.
Aggregate preferences cannot be given to other relatives.
Necessary documents
- Passport copy (each Member of the family)
- Confirmation of Birth Certification (each Member of the family)
- Confirmation of Marriage Certification (If the Investor is not married for any reason, the current status must be demonstrated (divorcement, dead e.c.t)
- Confirmation of Criminal Certificate (each Member of the family over 14 years)
If the child is over 18
- Certificate of School Attendance in English
- Property declaration
- Six-month certificate of bank accounts
If the investor brings his parents
- Retired Institute's Certificated, e.t.c
- Six-month certificate of bank accounts
- Parental support agreement
- Confirmation of Marriage Certificate
Government institutions
Hungarian State Treasury
Guareanteed by the Hungarian State
Advantages
Quick permanent residency
Registration of a life-long residence permit in just 30 working days
Return the whole investment
After 5 years the state guarantees the return of the investment
Program for you and your family
Spouse, minor children, dependent adult children without restrictions on age and dependent parents of the investor can be included in the application for Hungarian permanent residence
You don't have to live in Hungary
No requirement to live in Hungary. Hungarian permanent residence doesn’t have to reside in the country even for a single day
Safety and Prosperity
Hungary is a suitable place for establishing a family and raising children, the European Union is one of the safest, most stable places.
Freedom of Movement
As part of The Schengen Area, all residents of Hungary can easily travel and move between many countries.
Free Health Care
In Hungary we have a taxpayer-funded universal healthcare system. Every person in the country can access free healthcare.
High Quality Education
An increasingly growing number of international students are pouring into Hungary’s universities and colleges every year.
Steps
- Original copy of valid passport,
- Document attesting residence in Hungary (e.g. visa),
- Photocopy of each numbered page of the passport,
- Tenancy Agreement, or in case of own property certified copy of the title deed
- Certified copy of the title deed of the rented property,
- 2 ID photos/person,
- Fee stamps for 18.000 HUF/ 60 EUR,
- Certified translation of apostille marriage certificate,
- Certified translations of apostille birth certificates and the apostille
- Certificates of Good Moral Character
- Certified translations of apostille documents proofing the providing support for family members,
