Provision of fast-track Hungarian residency permit
In January 2013 legislation came into force in Hungary whereby it became easier for foreigners who buy Hungarian Government Bonds to settle in Hungary and obtain residency permits. The essence of the program is that foreign citizens from outside the EU who invest a minimum
of 300 000 EUR in government bonds receive a Hungarian residency permit through a simplified and expedited procedure. The rules are simple and clear, and the program is available to anyone prepared and able to buy the required amount of Hungarian government bonds and keep them for at least 5 years.
Who can participate in the Hungarian residency program?
There are no restrictions on nationality, and provided that the applicant doesn’t have a criminal record and hasn’t carried out any crimes in Hungary, then the Hungarian authorities will approve the application within a few weeks and the residency permit will be issued. In this case, the applicant can also apply for residency permits for his/her spouse and underage children within the expedited system.
How do you have to apply for the simplified residency permit?
The Financial Commission of the Hungarian Parliament only granted the right to deal with the simplified residency permit to a number of legal firms. LAVECO Ltd. has the right to hold meetings with potential interested parties and provide them with the details of the residency program. If you would like assurance that of our authorisation, please feel free to contact any of our offices, where our staff will be happy to help.