Late last year, the Hungarian government shared the news that they would be releasing a program which would enable third country nationals to invest €250,000 into government stock or bonds, in order to receive permanent EU residency immediately.
Through this new legislation, non-EU nationals will be able to waive the general requirement to reside for five years in Hungary before applying for settled status, receiving preferential treatment through a fast track route when they invest through the program. The government bonds themselves are considered to be low risk and will guarantee a return, although expert consultancy should be sought before investing.
This opportunity is something we saw as particularly interesting for our clients, and although organising the final details of the program has been slower than we anticipated, our partners ‘on the ground’ in Hungary have informed us that the government have now published a decree for the government bonds.
Publishing this decree is of key importance to the final movements of the program before it becomes available for applications: this is because although the changes in immigration legislation had already been made by mid-December, the investment bonds themselves could not be issued until this order had been filed.
This means that the final pieces will, fingers crossed, be in place for us to begin processing applications for this Hungarian investment program in the coming weeks.