Residence Visa Hungary
Residence Visa Hungary | GCI. We are the world's leading experts in advising foreign investors on Citizenship & Residency by Investment. Learn more about Hungarian Residence Visa.
European democratic state with a central geographical position and a vast culture and history inheritance. Its green landscape is completed by hills and plains, several rivers and large lakes together with geo-thermal areas richer in thermal waters springs. Using and enjoying these waters for relaxation or as clinical treatments, is a very important part of the Hungarian culture and tradition.
Larger cities and especially Budapest the capital are very famous for their innovative trends and new ideas in all aspects of business and leisure. As a full member of the European Union since 2004, is having the same status of visa-free travel within Europe, UK, Switzerland and many other countries and considering that EU passport is a highly desirable item, by obtaining a residency status can ensure you a whole list of benefits and advantages.
Benefits and advantage
The entire process of gaining Hungarian citizenship is called Naturalization and is having a mandatory list of conditions and procedures and is usually taking up to eight years to obtain it, but enrolling into Investment Immigration Program can be a faster permanent residency acquire and this is will be the first phase for following and achieving the Citizenship.
Due to the fact that each individual has his eligibility and related background, the facts and conditions might change and different requirements will be applied. It is highly advisable to check each detail and document before applying to such programs. Hungarian Residency Bond Program is developed with the purpose of obtaining permanent Hungarian residence by investing in Hungarian national bonds and is subject to change at any time by new implemented rules.
1. Hungarian passport allows visa-free travel to a large number of countries worldwide and is entitling the owner to work and reside also within these states.
2. Members of your family as spouse and children under the age of 18, will also receive all of the included benefits.
3. It is not mandatory to invest in any type of real estate or to own a property.
4. It can take up to 45 days to complete the process once the down payment was submitted.
5. Citizenship can be obtained after at least 8 years
Procedure and Conditions for Hungary Visa
Hungarian residency by state bonds investment program requires a maturity of 5 years. This can be done only through certain companies that the Hungarian Government has already approved. Once you submit this fund, you and your entire family will have the full residency status. The standard amount is 360,000 Euro and after a fix period of 5 years, the Government will reimburse 300,000 Euro.
Submitting for Hungarian residency program through our company The Consultant Middle East, is the guarantee for a fast and smooth process, having access to all our devoted and professional team members, making sure to provide the best tailored legal and confidential advises for all our clients.
The steps are mainly simple, particularly after signing service agreement, we will proceed as follows:
We will initiate pre-screening checks to determine your eligibility
Once pre-screening is finished, the foreign national would have to create a bank account and deposit the value of the bonds and company related costs.
The foreign national should present himself to Immigration Office to collect his biometric data, this is a compulsory step required by EU general rules. He will receive an official acceptance within the next 10 days.
Note: The applicants are not eligible if previously encounter rejection for visa to a country with which Hungary has visa-free travel agreements.
The total cost for the entire program is only EUR 360 000 After a compulsory period of 5 years, The Hungarian State will refund EUR 300 000. That means the actual cost 60,000 Euro for all the family involved into the application. GCI from The Consultant Middle East are leading experts in obtaining private residence via our residency programs.
At GCI we understand that applying for an alternative citizenship can be a complex and daunting process. That is why we ensure that our service makes the application process as easy for our clients as possible. We have many year experience in gaining private residence in some of the world’s top countries, some residency programs often eventually lead to citizenship. Now we are also in the Planing with the Government from Serbia and Bosnia for the next Citizenship Investment Program. Please call us!
Using GCI from The Consultant Middle East services will greatly increase the chances of success of getting residency.
We offer the following service elements as standard:
- A dedicated relationship manager as your single point of contact throughout your application.
- Professional guidance on the application procedure and support throughout the process.
- Documentation preparation and validation.
- Representation on your behalf before the Government.
- Management and resolution of any legal queries related to the application.
- Additional services available on request for clients wishing to utilise our partner network to support their application.
FACTS for Resident Visa Hungarian
Passport will only be issued after 8 years. 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 EUR 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. The total all inclusive costs (Govt fee + Due diligence + Lawyer fee + Background Checks Fees etc) for one person should come around approx EUR 403,000. Additional costs apply for dependants and family members.
Visa-free travel to over 135 countries including UK, Schengen European States, and more
Taxes policy in Hungarian
Hungary´s taxation of an individual´s income is flat. In 2014 the tax rate in Hungary for an individual is 16%. There are reduced rates of tax for certain income earners. Corporate tax in Hungary in 2014 is fixed at 19%. Corporate tax rate for income up to HUF 500 million is 10%.