Hungary’s Golden Visa
Officially known as the “Residency Bond Program,” Hungary’s Golden Visa program allows investors to obtain residency by making a significant investment in the country.
Here are some key points:
- Investment Options: Investors typically need to purchase government bonds worth a certain amount, which was around €300,000. This amount can vary, so it’s essential to check the latest requirements.
- Residency Benefits: The program offers the right to live, work, and study in Hungary. It also allows for visa-free travel within the Schengen Area.
- Family Inclusion: Investors can include family members (spouse and dependent children) in their application.
- Processing Time: The application process usually takes a few months, but it can vary based on individual circumstances.
- Permanent Residency and Citizenship: After a certain period of residency, investors may be eligible for permanent residency and eventually citizenship, though specific criteria must be met.
- Changes and Updates: It’s important to stay informed about any changes to the program, as immigration policies can evolve.
If you’re considering this option, consulting with a legal expert or immigration advisor in Hungary is advisable to navigate the process effectively.
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