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.
Why it is worth to buy bonds?
Under the program, in the one-time, 5-year government bond investment the applicant and his family 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.