Hungarian Residency Bond Program is Officially Over
On March 31, the popular Hungarian Residency Bond Program has been officially over, having been put on moratorium.
The program was initiated in 2014 to assist the country with its foreign currency debt. Applicants were required to invest €300,000 in special government bonds to qualify for permanent residency. PR status in Hungary also allows holders to travel freely within the Schengen zone.
Now, with an improved economic situation the government has decided to halt the program.
Other alternatives leading to European residency and citizenship are the following:
The program was initiated in 2014 to assist the country with its foreign currency debt. Applicants were required to invest €300,000 in special government bonds to qualify for permanent residency. PR status in Hungary also allows holders to travel freely within the Schengen zone.
Now, with an improved economic situation the government has decided to halt the program.
Other alternatives leading to European residency and citizenship are the following:
- Cyprus: The fastest route to European citizenship through investing 2 million Euros in real estate with guaranteed rental income. Investment should be maintained for 3 years. Read more
- Portugal: European residency and an eventual citizenship through investment in real estate starting from €350,000 in prime locations in Portugal with a guaranteed rent ranges between 3%-7%. Read more
- Bulgaria: European permanent residency allowing obtaining citizenship in year 5 with NO physical presence requirements and NO language test. Read more
