Hungary's Residency Bond Program: Now easier and better for gaining EU residency, says Arton Capital Hungary
July 12, 2016 (PRLEAP.COM) Business NewsJuly 12, 2016 - An outstanding investment plan in Hungary for achieving permanent residency in the European Union is now 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. Legislative changes made to the program this summer have made the process faster and expanded the eligibility of family members to receive permanent EU residency also.
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 nearly 4,000 applications having been processed up until July 2016.
Faster processing, more family members
Starting from 1 July 2016, the Hungarian government has made it faster and more efficient to process residency in the European Union through its bond program, which now allows more family members to join the main residency bond applicant in their new home in Europe.
After an initial bond investment, the now simplified one-step application process only takes 30 days for applicants to receive their Hungarian permanent stay permits. Moreover, the definition of "dependents" has been expanded: this means that even children over 18 and elderly parents of the applicant are eligible for EU residency.
These changes to the Hungarian Residency Bond Program make it the easiest and most cost-effective residency bond program in Europe.
The main transaction for residency is a 5-year Hungarian bond investment of EUR 300,000, plus an application fee of EUR 60,000, which covers associated administrative and legal costs. After the bond reaches maturity, investors are reimbursed the sum of the investment, which means that the application fee is the only real cost of the program. This makes it a truly great value while allowing program applicants to gain all the advantages of European residency, like becoming eligible for Hungarian citizenship.
No asset purchase, taxation only on earned income
Outside of paying the application fee, bond purchasers are not obliged to purchase any assets, nor do they bear any tax liability in Hungary (unless they earn income within the country). For those that want to work in or operate a company in Hungary, the country has rates of 10% for corporate tax and 16% for 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.
Brexit's effect: not much
A note to those with concerns about the outcome of the "Brexit" vote: the UK is not part of Schengen zone, thus holders of permanent residency (and eventual citizenship) in the Schengen Zone will retain the ability to live in and freely move throughout the 26 countries included in it. Along with them, Great Britain remains a member of the European Economic Area, where the "four freedoms" are likely to be maintained for the foreseeable future: free movement of people, goods, services and capital. Experts say it could take 5-7 years for any major changes to be implemented between the UK and the European Union.
Arton Capital Hungary: Your direct contact for EU 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.
Are you ready to imagine a brighter future? Get more information on the Hungary's Residency Bond Program by contacting us on the details below.