Hungarian Government Bond Program Price Going Up

The Government Bond Program

Currently, in the framework of the Hungarian residency bond program, businessmen may invest EUR 250,000 into government bonds in order to secure a permanent resident permit for themselves and their family members (spouse and two underage children). The investment period is five years, at the end of which the EUR 250,000 is fully returned, so the cost of the program is only EUR 40,000, the government processing fee, which covers the work of the investment agency, the lawyers, and all the administration necessary for obtaining the permits. The permanent resident permit can in due course be converted into Hungarian citizenship – that’s why the program is sometimes also referred to Hungarian investment citizenship program.

Increase in face value proposed

Since the start of the program in 2012, more than 700 bond packages have been sold, which shows the popularity of the offer. This encouraged Antal Rogán, MP of FIDESZ, the currently governing party, to submit a proposal to parliament about a possible raise of the face value of the residency bonds to EUR 300,000, which would still leave the Hungarian residency bond package the most cost-effective program in Europe.

Although it is not yet official, there are also rumours that the government processing fee will also be raised to EUR 60,000. In fact, only this raise would mean an increase, since the EUR 300K would still be returned at the end of the investment period.

So this way the new setup would be:
Investment sum: EUR 300,000 (refundable after 5 years)
Government processing fee: EUR 60,000
total: EUR 360,000

For more information on this topic, watch this space, or follow us on Facebook or Twitter, or check out our service page to see the latest info. If you have any questions, just drop us a letter to info@helpers.hu, or call our office on +36.1.317.8570.