hungary citizenship by investment has become an increasingly popular option for high net worth individuals looking to acquire an eu passport. as one of the visa-free countries in europe, hungary offers a high quality of life, excellent healthcare system and stable political environment. this article will explore the eligibility requirements, investment options, and step-by-step application process for hungary’s investment immigration program.
overview of the hungarian investment immigration program
the hungarian investment immigration program was launched in 2013 to attract foreign investment and boost economic growth. under this program, applicants can acquire hungarian citizenship through a one-time non-refundable contribution of 300,000 euros to the hungarian government. the main applicant, spouse and children under 18 can all obtain citizenship together. the whole application process takes about 1.5 to 2 years to complete.
eligibility criteria for hungary citizenship by investment
the main eligibility requirements are: – the applicant must be at least 18 years old. – hold a valid passport. – have a clean criminal record with no visa refusals to schengen countries. – proof of investment: a one-time contribution of 300,000 euros to designated hungarian government bonds. – meet the residency requirement: stay in hungary for at least 7 days in the first 5 years.
application process and documents required
the hungary cbi application involves several steps: 1. hire an authorized agent to prepare and submit the application. 2. provide all required documents such as passport, police certificate, proof of investment, health insurance etc. 3. attend an interview at the hungarian consulate. 4. make the 300,000 euro investment and provide payment receipt. 5. obtain hungarian residence permit. 6. after 1.5 – 2 years, citizenship is approved if all criteria are met.
advantages of acquiring hungarian citizenship
some key benefits of having a hungarian passport include: – visa-free access to all 26 schengen countries. – right to live, work and study anywhere in the european union. – visa-free travel to non-eu countries like russia and turkey. – high quality and affordable healthcare and education system. – no requirement to renounce current nationality. – passport inheritance by descendants.
in conclusion, the hungary citizenship by investment program offers a straightforward pathway for high net worth individuals to obtain an eu passport quickly in return for an investment in the hungarian economy. with excellent visa-free access and a high standard of living, it remains a popular choice among global investors.