Hungarian Residency Bond’s turnover doubled in April
Published at: 17/05/2015 03:01 pm
In April more than twice as many Hungarian Residency Bonds were bought as in the previous month. According to the data of the Public Debt Management Center (AAK), a total of 62 bonds with a face value of EUR 300,000 and five bonds with a face value of EUR 250,000 were sold. After increasing the the cost of the Hungarian Residency by investment Program from EUR 250,000 to 300,000 only 31 bonds were sold in March. On the other hand, the year started well, because in January 75 and in February 68 bonds were sold. Probably these bonds were sold for applicants still from 2014.
Hungary offers permanent residency permit for applicants from third countries in exchange for an investment of EUR 300,000 into government bonds with a maturity of five years. The program became popular after only one year and in 2014 the AAK managed to sell 1783 bonds worth EUR 445,75 million. During the first year of the program only 430 such special bonds were sold. In number of candidates, the Hungarian program was the most popular in Europe, meanwhile the other very successful EU scheme, the Portugal Golden Visa attracted more than 1700 approved applicants.
Not only the low cost of the EU member state’s program attracts the investors, but the very fast processing time is also engaging. Applicants can obtain their visa to the EU in only 8 working days. The new residents can decide if they want a Hungarian Temporary residence Permit, or they will change it only after 6 months to a permanent residency permit. Hungarian residents can also stay up to 3 months in any other Schengen country. The residency bonds can be sold only through official agents.
Discus Holdings Ltd. is one of the few Official Residency Bond Agents and it has been appointed by the Economic Committee of the Parliament of Hungary. Request here consultation about the Hungarian Residency Bonds System!