Abhinav will guide you in the step by step procedure of setting up residency and business in Hungary. Here is the procedure which we will guide you in detail.
Initial Investment:
You will need Euro 300,000 for investment plus the Euro 60,000 as non-refundable administrative charges for the Residency Bond Program. These investments become applicable from January 2015.
Hungarian “The Residency Bond Program” application process is easily classified in eight phases. The process is completed in less than 12 months.
| Phase 1 : PREPARATION | ||
| DAY 0 (Contacting and Preparing): | Decision to invest money in “The Residency Bond Program” and contacting Abhinav for guidance and consultancy. | |
| DAY 1 | We will collaborate and assist you to collect the required data and documents | |
| Phase 2: APPROVAL AND INVESTMENT | ||
| DAY 7 | Approval for the investment is received and the applicant will remit the investment funds to the investment broker. | |
| Pay EUR 300,000 investment and EUR 60,000 administrative fee | ||
| Phase 3: BONDS ARE ISSUED | ||
| The investment broker issues the Bonds to the applicants | ||
| Phase 4: VISIT HUNGARIAN CONSULATE FOR VISA | ||
| Day 21 | The principal applicants and his kin (to be included in the application) visit Hungarian consulate and lodge requests for temporary residence visa | |
| Phase 5 : OBTAINING PROVISIONAL RESIDENCE VISA CARDS | ||
| Day 28 | The Hungarian Consulate disburses the provisional residence visa cards to applicants | |
| Phase 6: PROCURING RESIDENCY BONDS | ||
| Investment broker procures Investor Residency Bonds. | ||
| Phase 7: APPLYING FOR PERMANENT RESIDENCY VISA | ||
| Month 7 | The applicants file requests for PR visa at the Hungarian consulate | |
| Phase 8: PERMANENT RESIDENCY VISA OBTAINED | ||
| Month 8 | Collection of permanent residence Visa (subject to approval) | |
| End of YEAR 5 | Redemption of bonds worth EUR 250,000 | |
| LIFELONG | Permanent Resident status | |
