Almost 1000 Hungarian Residency Bonds sold
Published at: 02/09/2014 02:49 pm
Since the launch of the Hungarian Residency Bonds Program in last spring, the intermediary companies as Discus Holdings Ltd. sold total of 975 such bonds, until the end of this July. So far the Hungarian government earned HUF65-70 billion of the Hungarian Residency Bonds.
While last year the intermediaries managed to sell 430 bonds, this year the output was 545 to the end of July. The Hungarian Residency Bonds Program started last spring, so only three quarters was at disposal for those who was interested to enter the program and this year we have data from seven months. It means slightly more intense interest in 2014.
Not all applicants can obtain the temporary residency, there were 5 Chinese candidates who were refused because they could not prove the payment of the subscription amount.
The Hungarian Residency Bond Program is the fastest and cheapest EU residency scheme on the market. The applicants can become Hungarian residents in one month. After six months the temporary residents can receive their Hungarian permanent residence permit. But even as temporary residents they can travel visa-free in the European Union. One of the greatest benefits of the program is that the residents can live or work anywhere in the Schengen area, they only have to maintain an official address in Hungary. There are no requisite about what kind of property the applicants have to purchase or rent in Hungary, so this is quite important relief compared to other systems.
Discus Holdings Ltd. is one the seven intermediary companies, only these firms can sell the Hungarian Residency Bonds following a decision by the Economic Committee of the Parliament.