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Residence Hungary

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Residence Visa Hungary

Hungary is a European democratic state with a central geographical position and a vast cultural and historical heritage. Its green landscape includes hills, plains, several rivers, and large lakes, along with geo-thermal areas rich in thermal springs. Enjoying these waters for relaxation or medical treatments is an essential part of Hungarian culture and tradition.

Larger cities, especially Budapest, the capital, are renowned for their innovative trends in business and leisure. As a full member of the European Union since 2004, Hungary offers visa-free travel within Europe, the UK, Switzerland, and many other countries. Obtaining residency status provides a wealth of benefits and advantages.

Benefits and Advantages

The process of gaining Hungarian citizenship is called Naturalization and typically takes up to eight years. However, enrolling in the Investment Immigration Program accelerates the acquisition of permanent residency, which is the first step towards citizenship.

Each individual’s eligibility varies, and specific conditions may apply. It is advisable to check all details and documentation before applying. The Hungarian Residency Bond Program allows investors to obtain permanent Hungarian residency by investing in national bonds, subject to changes in regulations.

  1. A Hungarian passport allows visa-free travel to many countries worldwide and permits the owner to work and reside within these nations.
  2. Family members, including spouses and children under 18, will receive the same benefits.
  3. No mandatory investment in real estate is required.
  4. The process can take as little as 45 days once the down payment is submitted.
  5. Citizenship can be obtained after 8 years.

Procedure and Conditions for Hungary Visa

The Hungarian residency by state bonds investment program requires a five-year maturity period. Only companies approved by the Hungarian Government can handle the investment process. Once the funds are submitted, you and your family will receive full residency status. The standard investment amount is €360,000, with €300,000 reimbursed after five years.

Submitting your application through TCME Group Worldwide ensures a fast, smooth process, with access to our professional team, providing tailored legal and confidential advice for all our clients.

Steps:

  • Step A: We initiate pre-screening checks to determine your eligibility.
  • Step B: After pre-screening, the applicant must create a bank account and deposit the value of the bonds and related costs.
  • Step C: The applicant must present themselves to the Immigration Office for biometric data collection. Official acceptance is provided within 10 days.

Note: Applicants with previous visa rejections to countries with which Hungary has visa-free travel agreements are not eligible.

Costs

The total cost for the entire program is €360,000. After the compulsory five-year period, the Hungarian State refunds €300,000, making the actual cost €60,000 for the entire family. GCI from TCME Group Worldwide is a leading expert in obtaining private residence via residency programs.

At GCI, we simplify the application process for alternative citizenship. With years of experience, we help clients secure private residency in some of the world’s top countries, with many residency programs often leading to citizenship.

Services Provided

  • A dedicated relationship manager as your single point of contact.
  • Professional guidance on the application process.
  • Documentation preparation and validation.
  • Representation before the Government.
  • Resolution of legal queries related to the application.
  • Additional services upon request, utilizing our partner network.

FACTS for Resident Visa Hungary

  • Passport issued after 8 years.
  • A treasury bond worth €300,000 will be purchased within 45 days of the residence permit being issued.
  • Total all-inclusive costs for one person (Govt fee, due diligence, lawyer fees, background checks) are approximately €403,000. Additional costs apply for dependents and family members.
  • Visa-free travel to over 135 countries, including the UK, Schengen European states, and more.

Tax Policy in Hungary

Hungary’s tax system includes a flat 16% individual income tax rate. Corporate tax is fixed at 19%, with a lower rate of 10% for income up to HUF 500 million.

Any more questions about the Hungarian Residence Program? Please get in contact with us.

Further Information

For more details on how to obtain a residence permit in Hungary, contact us. Our outstanding team of professional consultants is dedicated to working toward our company ethos:

Focused on you – our Client.

YOUR CHANCE FOR A BETTER LIFE

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