- Category: European Residency
- Published: Friday, 07 October 2016 17:58
- Hits: 1215
Investor Residency Bond Program
Hungary is a landlocked country in Central Europe.
Its capital, Budapest, is bisected by the Danube River and famed for its dramatic cityscape studded with architectural landmarks from Buda’s medieval Castle Hill and the grand neoclassical buildings along Pest’s Andrássy Avenue to the 19th-century Chain Bridge. The country has a long, rich history, and its culture reflects Roman, Turkish, Slavic and Magyar influences.
WHY CHOOSE HUNGARY?
As a member of the European Union and the Schengen zone, Hungary is among the 30 most-visited destinations on the planet. It boasts a rich and diverse culture (everything from music and film to food and literature) universal healthcare, and is perfectly located in the center of Europe. Established in 2012, the Investor Residency Bond Program offers applicants a host of advantages.
- A single application process for the main applicant and all qualifying family members, including parents, without age restrictions;
- No mandatory trips to Hungary required. Application can be lodged at the respective Hungarian Consulate;
- One of the fastest and most streamlined application processes leading to EU permanent residency for life, in under 30 days;
- Residential address requirement has been waived;
- Hungary is a member of Schengen, the European Union and NATO;
- Fully guaranteed investment, returned in full after 5 years;
- Free movement throughout Europe’s Schengen zone.
The Investor Residency Bond Program doesn’t have any set criteria for applicants in terms of personal net worth or management experience. However, the Hungarian administration officers reserve the right to request an interview meeting with the applicant, which can be exercised at random.
During the initial due-diligence and application stages, the financial intermediary and the Hungarian authorities will follow standard know-your-clients’ (KYC) and anti-money laundering procedures. For this reason, at the stage of application, the principal applicants will have to provide a set of standard documents proving their source of income and accumulation of personal net worth.
The statutory procedure for accepted foreign direct investment in the Investor Residency Bond Program includes the purchase of special Hungarian government bonds in the amount of €300,000 with a maturity of five years. At maturity, the original capital is returned to the investor without accrued interest.
Legislation dictates that the program investment is used to purchase bonds that are issued by a Residency Bond Agent approved by the Hungarian authorities. The agent, in turn, invests that amount in the Hungarian government bonds. This transaction is subject to a Subscription Agreement with the designated enterprise, which must be licensed for the main applicant’s geographic region. The government bonds are assigned for the program only, and cannot be used for trading on the public or the secondary market.
Once the security is issued to the investor, the Residence Bond Agent will provide an irrevocable declaration certifying that a treasury bond for a nominal value of €300,000, with a five-year maturity, will be purchased from the funds received from the investor within 45 days of his/her residence permit being issued. In addition to the investment, applicants are also required to cover all processing and visa application fees.
To further guarantee the investment, applicants may wish to obtain a Letter of Bank Guarantee by the issuing bank. Additional fees by the bank apply.
Arton Capital Hungary has been awarded exclusivity in the following 30 countries: Afghanistan, Algeria, Bahrain, Egypt, Hungary, Indonesia, Iran, Iraq, Jordan, Kazakhstan, Kuwait, Lebanon, Libya, Malta, Morocco, Nigeria, Oman, Pakistan, Qatar, Saudi-Arabia, Singapore, Syria, Switzerland, Thailand, Tunisia, United Arab Emirates, United Kingdom, United States of America, Vietnam and Yemen.
As the only agent registered in Hungary, we can accept applicants from any country, provided applications are lodged in person within Hungary. All other applicants must make sure that their investment is made through the designated agent responsible for their specific region.
When available, for a set pre-paid fee, clients can leverage their capital by choosing the Financed option. This loan is initiated and repaid at no further cost to the investor. Please contact us for details.