THE HUNGARY RESIDENCY BONDS PROGRAM

De Micco & Friends offers now legal support to apply for a residency by using the Hungarain bonds program. The Hungarian Residency Bond Program is getting very popular: number of residence permits issued increases constantly. While only 430 bonds were sold by the end of 2013, more than 3218 bonds were sold by the end of 2016.

As a member of the European Union and the Schengen zone, Hungary is among the 30 most-visited destinations on the planet. It boasts a rich and diverse culture (everything from music and film to food and literature) universal healthcare, and is perfectly located in the center of Europe. Established in 2012, the Investor Residency Bond Program offers applicants a host of advantages.

The benefits

  • One of the fastest and most streamlined application processes leading to EU permanent residency in under 30 days;
  • A single application process for the main applicant and all qualifying family members, including parents, without age restrictions;
  • Theer are no mandatory travels to Hungary required. The Application can be lodged at the respective Hungarian Consulate;
  • Fully guaranteed investment, returned in full after 5 years;
  • No residential address requirements;
  • Hungary is a member of Schengen, the European Union and NATO;
  • Free movement throughout Europe’s Schengen zone.

The procedures

The statutory procedure for accepted foreign direct investment in the Investor Residency Bond Program includes the purchase of special Hungarian government bonds in the amount of €375,000 (including all state, tax, legal and application fees) with a maturity of five years. At maturity, the original capital is returned to the investor without accrued interest.

Legislation dictates that the program investment is used to purchase bonds that are issued by a Residency Bond Agent approved by the Hungarian authorities. The agent, in turn, invests that amount in the Hungarian government bonds. This transaction is subject to a Subscription Agreement with the designated enterprise, which must be licensed for the main applicant’s geographic region.

The government bonds are assigned for the program only, and cannot be used for trading on the public or the secondary market. Once the security is issued to the investor, 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.

In addition to the investment, applicants are also required to cover all processing and visa application fees. To further guarantee the investment, applicants may wish to obtain a Letter of Bank Guarantee by the issuing bank. Additional fees by the bank apply.

De Micco & Friends offer the service together with an agent partner in Hungaria in the following 30 countries: Afghanistan, Algeria, Bahrain, Egypt, Hungary, Indonesia, Iran, Iraq, Jordan, Kazakhstan, Kuwait, Lebanon, Libya, Malta, Morocco, Nigeria, Oman, Pakistan, Qatar, Saudi-Arabia, Singapore, Syria, Switzerland, Thailand, Tunisia, United Arab Emirates, United Kingdom, United States of America, Vietnam and Yemen.

As the only agent registered in Hungary, we can accept applicants from any country, provided applications are lodged in person within Hungary. All other applicants must make sure that their investment is made through the designated agent responsible for their specific region. De Micco & Friends will take care for all procedures, including the escrow for the bonds and fees payments.

Qualifications, Requirements

The Investor Residency Bond Program doesn’t have any set criteria for applicants in terms of personal net worth or management experience. However, the Hungarian administration officers reserve the right to request an interview meeting with the applicant, which can be exercised at random. During the initial due-diligence and application stages, the financial intermediary and the Hungarian authorities will follow standard know-your-clients’ (KYC) and anti-money laundering procedures. For this reason, at the stage of application, the principal applicants will have to provide a set of standard documents. De Micco & Friends will take care for the due dilligence, all fillings and the application.

The next steps for your application

Send us the following documents to

Mail De Micco & Friends

  • Fill the residency application form
  • Copy of the main page of the applicant’s international passport with a notary certification stamp
  • Copies of international passports of all participants (main page) – can be submitted electronically

  • Full names, (including, maiden names), of all participants, including those of your mother and family members’ mother(s) names

  • Authorised copy of the marriagecertificate with Apostille

  • Authorised copies of birth certificates of all participants with Apostille

When we receive your mandate, you will then receive the completed application form and power of attorney to be taken to the Hungarian embassy in your country. We will take care for all following procedures.

 

Learn more about immigration to Europe in this documents:

Order form and analysis for residency applications in Europe / Spain

Immigration to Europe

Immigration to Spain by Golden Visa

Immigration to Spain for entrepreneurs

Order Form to set up a company for non-EU citizens

Please contact us for further information.