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Receiving this visa is a prerequisite to apply for a residence permit, which would allow the visa-holder to stay in Hungary for 10 years, extendable by a further 10 years, according to the draft.
The Hungary Guest Investor Program (GIP) is an immigrant investor program created by the Government of Hungary to attract investments from outside the country. Under the program, foreign investors can obtain a Hungarian residence permit for 10 years by contributing at least €250,000.
The EB-5 visa program, which is also called as the Golden Visa program, requires applicants to invest between US$900,000 and US$1.8 million, depending on the location of the project, and requires at least 10 jobs to be either created or preserved. [41] [42] There is an annual cap of 10,000 applications under the EB-5 program. [43]
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A senior U.S. government official said the modifications did not apply to any of the other 39 participants in the Visa Waiver Program and were "unique to Hungary".
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However, if the individual requesting a Schengen visa at the border falls within a category of people for which it is necessary to consult one or more of the central authorities of other Schengen states, they may only be issued a visa at the border in exceptional cases on humanitarian grounds, on grounds of national interest or on account of ...
A Hungarian programme easing visa restrictions for Russians and Belarusians will involve the same security screening as other residence permits, the interior minister said in a letter published on ...