Successful business people from all over the world are looking for the best option to relocate themselves and their families in alternative places to their home countries.
For those looking to make Europe their second home, Hungary’s Residency Bond Program, which has successfully delivered a “green card” type residency to thousands of applicants since 2013, is just the opportunity they have been waiting for.
Changes as of 1 July 2016: Faster processing, less hassle, more family members
Now the Hungarian Residency Bond Program is getting even better according to Arton Capital Hungary, a company officially licensed by the Hungarian government to sell and process the Hungarian Residency Bond to foreign citizens from 30 countries across the globe.
Starting from 1 July 2016, a law recently passed by Hungary’s government makes it a lot easier and faster to apply to the Hungarian Residency Bond Program, and will also expand the scope of dependent family members who can receive Hungarian residence permits through the Program.
This means, for example, that after you make your EUR 300,000 investment in government bonds, the now simplified one-step application process only takes 1-2 months (compared to the average 8-9 months it took in the past) for applicants to receive their Hungarian permanent stay permits.
Now, even more family members may be eligible to join Hungarian Residency Bond investors. The definition of “dependents” has been expanded to include an applicant’s children who are over 18 (e.g. those completing their studies), and even the elderly parents of the applicant. This means that all members of your family, regardless of their age, may be able to join you in your new home in Europe.
Arton Capital Hungary: Your direct contact for Hungarian residency
For those seeking to process their permanent residency in the European Union in the fastest, most efficient and cost-effective way, Arton Capital Hungary is the direct contact point for the Hungarian Residency Bond Program. As such, the company’s specialists are experts in this field, know all of the ins and outs and only provide first-hand information, so at the end of the day you and your family get your residency quickly and with fewer hassles.
The best permanent residency in Europe: a safe and secure investment
The terms for Hungary’s Residency Bond Program have always been excellent, which has likely spurred its popularity and made it one of the most sought-after residency bond programs in Europe, with 3,798 applications already processed up until 2016 June.
For one, it’s arguably the cheapest option for attaining residency in Europe’s borderless “Schengen Zone.” While there may be programs that appear to be cheaper, the hidden costs of the additional requirements in those programs – like mandatory asset purchases – means that their final costs of turn out to be much higher.
The basic investment in the Hungarian Residency Bond Program is a 5-year tenure of EUR 300,000 in a Hungarian government bond, plus an application fee of EUR 60,000 which covers associated administrative and legal costs for the entire 5-year period. As the investment amount will be returned after the bond tenure period, the application fee is the only cost of the program, making it a truly economical choice while retaining all the advantages of European residency, like becoming eligible for Hungarian citizenship.
Program applicants are not obliged to buy anything, or even pay taxes in Hungary (unless they earn income within the country). As a holder of permanent residency, if you would like to become a tax resident, you can through employment or by setting up and running a company in Hungary, which has a 10% corporate tax and 16% income tax.
The other main attraction of the Program is there is no minimum stay requirement, so bond investors are completely free to come and go as they please, in and out of the Schengen Zone of Europe. Once becoming Hungarian citizens, they receive passports which entitle them to visa-free entry to 151 countries of the world.
Hungary itself is a safe and secure member of the European Union whose economy has seen impressive growth since the global economic crisis . The capital Budapest is a gorgeous city that is attracting new immigrants from all over the world in addition to millions of tourists each year.
Imagining a bright future
In our complicated world, having a second option for you and your family is important.
With permanent residency in Hungary (and eventually second passports if you choose to pursue citizenship), you and your loved ones will be able to travel freely, protect your financial assets, send your kids to the finest universities, or even maintain a second home in Europe.
Are you ready to imagine a brighter future? Get more information on the Hungarian Residency Bond Program by contacting us directly.