Changes To The Hungarian Investment Immigration Program

The Hungarian Investment Immigration Program ("Program") provides an opportunity for third country nationals (non-EU citizens) to acquire permanent resident status in Hungary through investing in Special Hungarian Government Bonds issued by the Government Debt Management Agency ("AKK"). Applicants are required to initially subscribe to the Fund's shares with a lock-up period of minimum 5 years. The minimum initial investment by each subscriber is € 300,000 in addition to paying a € 60,000 government processing fee.

This program provides residency to principal applicants and their spouses and dependent children under the age of 18.

An amendment passed w.e.f. 1st July 2016, will allow the new investors of the Program and their extended circle of their family (i.e. Dependent children (irrespective of their age), dependant parents) will be entitled to a fast-track, 30 day-long permanent residence (PR) permit procedure. They will be allowed to reside with the principal