Budapest, Hungary (PRWEB) November 02, 2016
According to HELPERS, a leading immigration and business services company in Hungary, recent changes to the Hungarian Investment Immigration Program have made it more attractive than ever.
For many years, the Hungarian Investment Immigration Program has been one of the most attractive in Europe, and as HELPERS explains, recent changes have improved it even further.
What Is The Hungarian Investment Immigration Program?
The basic idea behind the Hungarian Investment Immigration Program is that an investor can invest 300,000 Euros in a government-licensed investment fund in Hungary. After submitting the investment and the relevant paperwork, the investor and his or her family can apply for residency in Hungary, and receive permanent resident permits within thirty days.
In July 2016, Hungary announced significant updates to the program that make it even more attractive. One of the biggest changes is the expansion in allowed family members. Previously, investors could get residency only for themselves, their spouses, and their dependent children. Now, investors can also get residency for their adult children and for their parents who are over 60 years of age.
Another significant update involves the waiting period to switch from temporary to permanent residency. Previously, investors and their families had to wait at least six months from the issue date of the temporary residence permits to apply for permanent residency. Now, investors don’t need a temporary permit. Instead, they will get their permanent residency permit in just 30 days.
Finally, the latest update fixes a frustrating bug in the previous law. Investment immigrants have never been subject to a minimum stay requirement in Hungary prior to applying for permanent residency. However, the application used to ask for a Hungarian residence address. Therefore, even those who did not spend much time in Hungary were required to secure long-term accommodations. Thankfully, this query has now been removed.
To learn more about the Hungarian Investment Immigration Program, visit:
Since 2004, HELPERS has proudly provided business and immigration services to clients relocating to Hungary from all over the world. With a flexible, customized approach and intricate knowledge of all of the issues surrounding immigration to Hungary, we will help our clients through all stages of the process. For more information, or to start your journey toward Hungarian residency, prospective Hungarian residents are invited to visit https://helpers.hu/ or call +36-1-317-8570 or email at info(at)helpers(dot)hu today.