Search results
Results from the WOW.Com Content Network
Prior to the GIP, there was another program called the Hungarian Investment Immigration program, which operated from 2012 to 2017. [2] At that time, investors were required to purchase Hungarian bonds issued by the state through the Government Debt Management Agency worth €250,000. In return, they obtained Hungarian permanent residency.
Residential investment can give a permit lasting 5 years and the company route, 3 years. these visas are renewable. 3 years of continuous residence allows a permanent residence permit to be applied for. Seven years residency and passing a language exam will open the opportunity to acquire citizenship and a Hungarian passport. [21]
A person born in Hungary to foreign parents does not generally acquire Hungarian citizenship. A Hungarian citizen is also a citizen of the European Union. The basic principles for the acquisition of Hungarian citizenship are laid down in Article G) of the Fundamental Law, while the detailed rules are laid down in Act LV of 1993 on Hungarian ...
This page was last edited on 28 June 2008, at 05:40 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...
Citizenship-by-investment enables individuals to acquire an additional citizenship by making an exceptional economic contribution to another country. [5] This can be done by successfully completing a citizenship-by-investment program (also referred to as immigrant investor programs). Most of these programs are structured to ensure that the ...
The restrictions apply to the U.S. Visa Waiver Program, which allows passport holders from 40 countries to enter the United States for business or tourism without a visa for up to 90 days ...
[87] [89] More than a million people obtained Hungarian citizenship through the program. [88] [87] Because the program lacked stringent identity-verification procedures, it was abused by bad actors, including criminals and applicants who used forged documents to falsely claim Hungarian descent.
Permanent residency is a person's legal resident status in a country or territory of which such person is not a citizen but where they have the right to reside on a permanent basis.