Hungary does not have a formal Citizenship by Investment program. This means that the Hungarian government does not offer a direct pathway to obtain Hungarian citizenship solely through financial investment, such as through a specified investment amount or real estate purchase.
But there is a way to obtain Hungarian citizenship through investment, obtaining a residence permit based on investment, and subsequently going through naturalization.
Hungary offers a Residency by Investment program that allows individuals to obtain residency in Hungary through specific investment options. The program is officially known as the “Residency Bond Program.” Here are the key details:
The general process for the Residency Bond Program in Hungary involves the following steps:
It’s important to note that the Residency Bond Program is not currently in effect. If the program were to be reintroduced in the future, the specific details, eligibility criteria, and may differ. Therefore, it’s crucial to consult official sources, such as the Hungarian government or relevant immigration authorities, for the most accurate and up-to-date information on any potential Residency Bond Program in Hungary.
A person can become a resident of Hungary under the Residency Bond Program by making a certain investment in government bonds.
In general, obtaining residency through the Residency Bond Program entitles applicants to live, work, study, and transact business in Hungary. It might give residents access to particular social benefits and services.
The required investment under the Residency Bond Program is currently €300,000. This investment is made by purchasing government bonds, which are held for a specified period of time.
The Residency Bond Program provides a fast-track route to Hungarian citizenship. After holding the residency permit for a certain period of time, typically eight years, applicants can apply for Hungarian citizenship through naturalization.
No, the investment made under the Residency Bond Program is not refundable. The funds are used to purchase government bonds and contribute to the development of the Hungarian economy.
Once you have obtained Hungarian citizenship, you have the freedom to sell the government bonds purchased under the Residency Bond Program. However, it is advisable to consult with an immigration or legal professional for guidance regarding any specific requirements or restrictions.