- April 6, 2017
- Posted by: CIP Journal
- Category: Golden visa, Residency
The Hungarian residency bond program is closed as of March 30, 2017.
The Hungarian Investment Immigration Program (“Residency bond Program” or “Hungary golden visa”) allows third country nationals (non-European Union citizens) to acquire Hungary’s permanent residency status through investing in Special Hungarian Government Bonds for EUR 350,000 that have a minimum 5-year maturity and are issued by the State through the Government Debt Management Agency (“AKK”). The program started in 2013.
A number of foreign nationals acquired residency in Hungary through this investment scheme. Hungary is in schengen getting a hungarian permanent residence card allows third country nationals free movement in schengen states.
According Budapest Business Journal , “The Hungarian government plans to stop selling residency bonds, Cabinet Chief János Lázár said today, according to reports, as the program is no longer needed since the countryʼs upgrades by rating agencies”.