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ABOUT HUNGARY CITIZENSHIP BY INVESTMENT

ABOUT HUNGARY

The Hungary Investor Residency Bond Program is on a moratorium as of April 2017. Please contact us for more information.

Lying at the heart of Europe, The Republic of Hungary lies at the crossroads between the east and west between Europe and Asia. This small landlocked country has a long and rich history and is one of the most visited cities in Europe. Established in 2012, the Hungary Investor Residency Bond program offers applicants a host of advantages.

Country Background:

  • Officially known as the Republic of Hungary, the nation is home to 9.9 million people.
  • The capital Budapest, is one of Europe’s largest and most beautiful historic cities. Budapest is also one of the largest cities in Europe.
  • The currency is the Hungarian Forint (HUF). However, it is obliged to adopt the Euro at a future date as a condition of EU membership.
  • The country is a member of NATO, EU, OECD, WTO (World Trade Organization) and is part of the Schengen zone, which allows free movement of people across member states.
  • The country has a stable political parliamentary democracy.
  • The economy is classed as medium-sized, upper-middle-income, structurally, politically and institutionally open.
  • Principle industries include construction materials, metallurgy, mining, processed foods, textiles, pharmaceuticals and motor vehicles.
  • Its main agricultural products are wheat, corn, sunflower seed, potatoes, sugar-beets; pigs, cattle, poultry, and dairy products.
  • Hungary has a reputation for high standards of education, with an emphasis on mathematics, technology and science.
  • Hungarians boast a long repertoire of inventions from the ballpoint pen, rubrics cube, modern transformer, plasma television, cathode ray tube to the electron microscope.
  • Hungary has a highly developed road, railway, and air and water transport system.
  • Personal income tax is 16% and corporate tax varies between 10% and 19%. All other income outside is non-taxable.

The Hungary Citizenship by Investment program offers you and your family the opportunity to travel freely within Schengen, enabling you to enjoy global reach with no travel restrictions. Contact our highly professional consultant to acquire Hungary Investor Residency Bond program.

Why Hungary?

Legal Basis

The Hungary Investor Residency Bond Program is on a moratorium as of April 2017. Please contact us for more information.

As per the Hungarian Permanent Residency Act CCXX of 2012 amending Act II of 2007 on the Entry and Residency Requirements of Third-Country Citizens Article 1(4) 4) For the purposes of Paragraph (3), a third-country citizen’s stay in Hungary is considered to be “in the interest of the national economy” in particular if a) the third-country citizen who applies verifies that he/she….own(s) a security with a face value of at least EUR 300,000 and with a maturity of at least five years”.

Hungary Benefits

The Hungary Investor Residency Bond Program is on a moratorium as of April 2017. Please contact us for more information.

The Investor Residency Bond Program was established in 2012 and offers applicants a number of attractive advantages. The program has two distinct elements. The first is the granting of temporary residence, which can be followed at a later stage by permanent residency.


Benefits for temporary residency:

A Government approved bond investment program:

  • There are no physical residency requirements for the main applicant and all qualifying family, as per a special exemption.
  • Fast application process – less than 12 weeks. A temporary Hungarian is granted to all qualifying applicant
  • Visa-free travel to the Schengen States and the United Kingdom

Benefits for permanent residency:
  • Only one application process is required for the main applicant and qualifying family members.
  • No mandatory trips to Hungary are required.
  • Applicants may apply for Permanent Residency 6 months after having received their Temporary Residency Cards.
  • Six months after applicants and family members received Temporary Residency cards, they can apply for permanent residency.
  • Visa-free travel to all 28 Schengen states including the UK
  • Fully guaranteed investment, returned in full after 5 years

Visa Free Countries

The Hungary Investor Residency Bond Program is on a moratorium as of April 2017. Please contact us for more information.

(Visa-free and visa-on-arrival countries)

AMERICASAnguilla
Antigua & Barbuda
Argentina
Aruba
Bahamas
Barbados
Belize
Bermuda
Bolivia
Brazil
Cayman Islands
Chile
Colombia
Costa Rica
Cuba
Curacao
Dominica
Dom. Republic
Ecuador
El Salvador
French Guiana
Grenada
Guatemala
Haiti
Honduras
Jamaica
Montserrat
Nicaragua
Panama
Peru
St. Eustatius & Saba
St. Lucia
St. Maarten
St. Vincent & The Grenadines
Suriname
Trinidad and Tobago
Turks and Caicos Isl.
Venezuela
Virgin Isl. (British)AFRICABotswana
Cape Verde
Comoros
Djibouti
Egypt
Gambia
Guinea-Bissau
Jordan
Kenya
Lesotho
Madagascar
Malawi
Mayotte
Mauritania
Mauritius
Mozambique
Reunion
Seychelles
Somalia
Tanzania
Togo
Tunisia
Uganda
Zambia
ZimbabweEUROPEAlbania
Andorra
Austria
Belgium
Bosnia
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Gibraltar
Greece
Hungary
Iceland
Ireland (Rep.)
Italy
Latvia
Liechtenstein
Lithuania
Luxembourg
Malta
Macedonia (FYROM)
Monaco
Netherlands
Norway
Poland
Portugal
Romania
San Marino
Slovakia
Slovenia
Spain
Sweden
Switzerland
Turkey
United KingdomASIAArmenia
Bangladesh
Cambodia
Hong Kong (SAR China)
Iran
Israel
Laos
Lebanon
Malaysia
Maldives
Nepal
Philippines
Singapore
South KoreaOCEANIACook Island
Fiji
French Polynesia
Kiribati
Micronesia
Nauru
New Caledonia
Niue
Palau
Samoa
Solomon Isl.
Timor-Leste
Tonga
Tuvalu
Vanuatu

*please note that according to UK policy, you can stay for up to 6months a year

Hungary Steps and Procedures

The Hungary Investor Residency Bond Program is on a moratorium as of April 2017. Please contact us for more information.

Month 1:
STAGE I – APPLICATION
Applicants must prepare and submit required paperwork, sign documents and make application fee payment.


Month 1:

STAGE II – INVESTMENT
1.         The Investment is authorised. The applicant must then wire EUR 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.

2.         All investment-related documents required for the application are issued as per the Hungarian government’s relevant legislation.


Month 2:

STAGE III – APPLICATION FOR TEMPORARY RESIDENCE
1.         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.

2.         2 – 3 weeks after the application has been submitted, the ID cards are ready for collection.


Month 6-9:

STAGE IV APPLICATION FOR PERMANENT RESIDENCE
1.         Residency Bond Agent purchases Investor Residency Bonds.

2.         Applicant and family submit the application for Permanent Residency at the Hungarian embassy (six months after receiving the temporary residence permits).
3.         Permanent resident cards are ready for collection (typically 3 months after submission of Permanent Residency application).

Notes:

Note: Fully guaranteed investment, returned in full after 5 years

Hungary Costs and Timeframes

The Hungary Investor Residency Bond Program is on a moratorium as of April 2017. Please contact us for more information.

OPTION A – REFUNDABLE BOND

The legal procedure for approved foreign direct investment in the Investor Residency Bond Program includes the acquisition of special Hungarian zero coupon Government Bonds to the value of €300.000 with a 5-year maturity. At maturity, this capital is returned to the investor with interest accrued.

Investors must note that the government bonds are assigned to the program only, and cannot be used for trading on the public or secondary market. The Investor Residency Bonds are usually purchased within the first 6 months.

Current Pricing – Normal Option

  • EUR 300,000 Investment in Government Bonds
  • EUR 60,000 Government Fees

OPTION B – FINANCED OPTION (NON-REFUNDABLE)

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. Please contact Branches & Partners for details.

ADDITIONAL COSTS

Administration charges, translation costs & professional fees are payable and vary on nationality, the size of the family and complexity of the application.

Branches & Partners understand the complexities of citizenship programs and are on hand to guide you through the entire process from start to finish.

Hungary Investor Residency Bond Program

The Hungary Investor Residency Bond Program is on a moratorium as of April 2017. Please contact us for more information.

Established in 2012, the Hungary investor residency bond and passport program offer successful investors a host of benefits.

The legal procedure for a direct foreign investor in the Hungary Investor Residency Bond program includes the purchase of Hungarian Government bonds in the amount of €300,000 with a maturity of 5 years. The investment is then returned at maturity without the accrued interest. The Government bonds are assigned for the Investor Bond Program only and cannot be used for trading on a secondary market.

An irrevocable declaration is issued to the investor certifying that a treasury bond will be purchased within 45 days of the investor’s residence permit being issued.

A financing option is available for a set pre-paid fee, whereby clients can leverage their capital by choosing a financed option. This loan is initiated and repaid at no further cost to the investor.

Hungary The Hungary Investor Residency Bond and passport program offer you the opportunity to legally acquire a new nationality and a second passport quickly and simply, enabling you to enjoy global reach without having any barrier.

CONTINUOUSLY GROWING WITH
YOU.

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