Investor visa of Hungary

Investor visa of Hungary

Citizenship and permanent residency of Hungary through investment

One of the most culturally and business-friendly countries in the European Union is undoubtedly Hungary, which is considered by many to be the most promising naturalization option in Europe. Hungary is developing very rapidly today, offering the best conditions for business, life, education and high-quality medical education in Central Europe.

As a full member of the European Union and the Schengen area, Hungary is among the 30 most visited places on the planet. It boasts a rich and diverse culture, heritage of famous composers and musicians, amazingly delicious cuisine and a friendly attitude towards migrants.

The country has a very developed healthcare system and medical care, which is one of the best and inexpensive throughout Europe. It is located almost in the center of Europe which is very convenient not only for business, but also for regular traveling, studying in other countries, work and retirement.

Its capital, Budapest, is one of the most beautiful cities in the world with unique architecture, old but clean streets, and a lot of interesting places that every tourist should visit. Hungary has a low crime level, and the laws here apply to everyone without exception.

Do not forget about the pleasant climate: in Hungary you will feel great both in winter and in summer. Temperatures are moderate, rains are rare, and there are a lot of sunny days. The developed infrastructure will satisfy the requirements of the most demanding applicants for Hungarian citizenship.

Citizenship and permanent residency of Hungary through investment

One of the most culturally and business-friendly countries in the European Union is undoubtedly Hungary, which is considered by many to be the most promising naturalization option in Europe. Hungary is developing very rapidly today, offering the best conditions for business, life, education and high-quality medical education in Central Europe.

As a full member of the European Union and the Schengen area, Hungary is among the 30 most visited places on the planet. It boasts a rich and diverse culture, heritage of famous composers and musicians, amazingly delicious cuisine and a friendly attitude towards migrants.

The country has a very developed healthcare system and medical care, which is one of the best and inexpensive throughout Europe. It is located almost in the center of Europe which is very convenient not only for business, but also for regular traveling, studying in other countries, work and retirement.

Its capital, Budapest, is one of the most beautiful cities in the world with unique architecture, old but clean streets, and a lot of interesting places that every tourist should visit. Hungary has a low crime level, and the laws here apply to everyone without exception.

Do not forget about the pleasant climate: in Hungary you will feel great both in winter and in summer. Temperatures are moderate, rains are rare, and there are a lot of sunny days. The developed infrastructure will satisfy the requirements of the most demanding applicants for Hungarian citizenship.

Benefits of Hungarian citizenship through investment

Citizenship of Hungary through investment is a popular state program that has become an alternative to the standard naturalization options in this country. What are the features and advantages of Hungary? First of all, it is worth noting the low taxation: the corporate tax rate here is no more than 10 percent, which is significantly lower than the European average.

Local tax residents pay income tax in the amount of 10 to 19 percent. At the same time, if we consider the cost of living, prices for real estate objects and services, in Hungary they are also very acceptable.

Citizenship of Hungary through investment is one of the most desired programs, as it can be used to obtain the same status of a permanent resident in just a month or two after depositing the entire required amount. At the same time, you will be able to travel freely throughout all the countries of the Schengen area, live, work and study anywhere in Europe.

The main requirement for participation in the program is to deposit €300,000, which will be invested in government bonds for up to 5 years. After the agreed five years pass, all the money is returned in full to the applicant.

Why citizenship of Hungary through investment is your chance? By investing once, you receive a guarantee of return of funds after 5 years, as well as a lifetime permanent residency status for yourself and your family members within a short time. The Hungarian Immigrant Investor Residency Bond Program (also known as the Golden Visa) has the following advantages compared to the similar programs:

1. It is the cheapest offer for risk-free investments with government support in Europe;
2. You get permanent residency in just a month – no visit to Hungary and no mandatory stay after the investment are required;
3. The program applies to the whole family (spouse and all children under the age of 18 as of completion of the application process);
4. Adult dependents, children over the age of 18 and parents may be included at an additional cost;
5. There is no minimum education requirement;
6. There is no need to pass a medical examination;
7. There are no restrictions on the country of origin.

Residence permit of Hungary through investment is also:

1. Visa-free entry to the Schengen area and movement within it;
2. No requirements for a minimum stay in Hungary;
3. No confirmation of residence is required;
4. Opportunity to live and work in a safe place in the center of Europe;
5. Possibility of tax residency (with very low business and personal taxes);
6. Lifetime residency in exchange for a financial commitment of just 5 years.

Among the agencies offering assistance in the Hungarian residence permit program, our company offers a guarantee of a positive result having many years of experience in the field of business immigration and delivery of residency services in Hungary.

Benefits and advantages of the tax system for obtaining citizenship of Hungary

Why is investment in Hungary for citizenship considered potentially profitable? First of all, it is chosen because of loyal taxation, which is extremely “transparent” for business and investors in this country of the European Union.

What is intended? An applicant for a residence permit can have the income of a Hungarian resident without living more than six months each year in the country. Notably, such income will not be taxed in Hungary. Moreover, those who have obtained a permanent residence permit of Hungary through investment may have the opportunity to obtain a state tax certificate.

With this document, you can not only claim certain tax benefits for business and income, but also optimize taxation. That is why this point is important enough.

Recently many countries have introduced fairly strict offshore control measures on their territory. For this purpose various restrictions were applied, and a universal standard to allow the relevant control authorities to exchange data and information regarding the owners of large accounts was introduced.

This was the reason for the majority of business owners of various areas to begin to look for alternative ways to preserve the “anonymity” of personal funds and income. One of the simplest options for solving this problem was the state program of permanent residence of Hungary through investment.

This country simply offered to all its residents to obtain the category of “tax residents”, while it is not required to permanently reside in Hungary. The main points of this offer are:

1. In Hungary a tax resident does not pay tax on income received in another country;
2. A tax resident does not pay taxes related to the areas of receiving interest on deposits and succession;
3. Corporate taxation is in the range of 10 to 19 percent.

Permanent residence of Hungary through investment for any business owner or entrepreneur is an opportunity to significantly reduce tax payments that he usually pays in his country or in the country where he is a resident.

Beyond that permanent residents of Hungary have the opportunity to cooperate with state trust funds. These organizations have two obvious advantages for businesses: they keep the depositor’s income and assets confidential, and they also offer, in certain situations, to declare funds with a zero interest rate.

Cost of obtaining citizenship of Hungary through investment

How much does a Hungarian passport obtained through investment “cost”? The direct costs of the applicant will amount to €300,000 of mandatory investments and €60,000 of an administrative fee. In addition, funds for translation and legalization of documents, additional payments for family members who are not close relatives will be required.

It is necessary to include up to €10,000 in additional costs, which, together with €60,000 administrative fees, are non-refundable investments. The investment amount will be returned in full upon the expiration of the investment agreement in five years.

Step-by-step instructions for obtaining citizenship of Hungary

If your goal is obtaining the permanent residence of Hungary through investment, first of all, you need to contact a professional agency that will help you make your dream come true within a very short time. The specialists of our company have the necessary experience and knowledge, as well as are familiar with all the features of Hungarian legislation, which allows us to solve any issues as quickly and usefully as possible.

We will help you quickly and with minimal delays to collect all the necessary documents, and after that we will handle execution, translation, legalization and submission the documents to the relevant authorities in Hungary. What is required from the applicant:

• Contacting our company (all details are discussed on the spot, we answer all the questions and sign a cooperation agreement).

• Payment of the required amount (the applicant must have €300,000 plus an additional €60,000 to pay the administrative fees).

• Providing a package of required documents.

This point is extremely important, since the absence of any document can cause not only delays, but also the refusal of the Hungarian party for the applicant to participate in the investment program for obtaining permanent residence of Hungary. The list of documents is not very large, but it is extremely important to make sure that you have collected a complete package of documents, which includes:

• Copies of all passport pages of the applicant, as well as of each member of his family, who is over 14 years old.

• Original and a copy of the agreement with our company.

• Notarized copies of the pages of international passports of the applicant and each member of his family applying for participation in the investment program.

• Each family member who participates in the investment program provides copies of documents confirming the degree of family relationship (certificates of marriage, certificates of birth of children, etc.).

• Certificates of good conduct issued not later than 3 months prior the application for each family member and the applicant himself.

All documents shall be legalized.

1. All documents provided by the applicant are translated by representatives of our company.
2. Application for obtaining the status of a permanent resident of Hungary is being submitted. This document shall be submitted to a special state body – the Office of Citizenship and Immigration Processes, which is located in the capital of the country. The applicant must personally visit Budapest in order to hand over the document and submit biometric data, fingerprints and a photograph, at once.

Then all one can do is wait. As a rule, this Hungarian body works quite quickly, processing all incoming applications. The minimum waiting period for a response is about a month, but usually applicants wait for about 1,5-2 months. In the absence of problems with the documents, the answer is almost always affirmative.

As soon as we receive the response, resident cards are produced and issued for the applicant and his family members within a month. If you wish, you can receive these documents in person, but we recommend entrusting this issue to our specialists, who will save you time and nerves (bureaucracy in Hungary, unfortunately, still exists).

Moreover, the applicant receives a government promissory note issued for the amount of the investment made. The note is a guarantee that your funds invested in government bonds will be returned without problems at the end of the specified five-year period.

After five years, the applicant submits an application of a certain format  (our lawyers can also help you with this) regarding the return of the invested amount. The country returns the funds in full (€300,000), withholding only an administrative fee (€60,000).

The status of a permanent resident of Hungary remains with both the applicant and each member of his family who participated in the permanent residence through investment program for a lifetime without the need for regular renewal.