Lawyer's addressLövőház utca 20/A.
1024 Budapest Hungary

Attorney's phone number Tel.: +36 1 316 9233
Law office's fax number Fax.: +36 1 336 0107
Attorney's office e-mail info@drlittner.hu

Residence permits

Obtaining a residence permit in Hungary in return for buying government bonds

The Hungarian residence permit which enables its holder to move freely within the Schengen Area can also be obtained – irrespective of the applicant’s citizenship and without going through the lengthy alien policing procedure aimed at the substantiation of the purpose of the applicant’s stay – in return for buying Hungarian government bonds (“Residence Government Bonds”) worth at least EUR 300,000.

Littner Law Office will be happy to inform you about further details of obtaining the residence permit and provide personal assistance by acting as your compulsory legal representative during the procedure of obtaining the residence permit.

»More information about the legal background…

Contact Dr. Zsolt Littner:

Dr. Littner Hungarian Lawyer

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LEGAL BACKGROUND

The amendment of the legal rules on how a Hungarian residence permit is granted made it possible to obtain a residence permit provided that a citizen of a non-EU state buys Hungarian government bonds worth at least EUR 300,000. The government bond is a security issued specifically for this purpose.

What is the validity period of the residence permit?

The residence permit is valid for a period of five (5) years and can be extended by further five years at a time. After a residence spanning eight years the Hungarian citizenship can be applied for.

What are the advantages of a residence permit obtained this way?

Without buying government bonds the applicant for a residence permit must undergo a complicated and lengthy legal procedure. Part of this procedure is proving the legal grounds of the applicant’s stay in Hungary. This is the most difficult condition to be met because Hungarian (and, in most cases, all European) authorities are very strict on the rules and most of the applications are rejected, that is, no residence permit is granted to the applicant.

When buying the required amount of Residence Government Bonds there is no need to prove the purpose of stay in Hungary: the foreign citizen is practically exempted from the most rigorous condition of obtaining a residence permit, i.e. they are not obliged to substantiate the purpose of their prolonged stay in Hungary.

The Schengen Area

Hungary is one of the signatories of the Schengen Agreement, i.e. holders of a Hungarian residence permit are free to move within the entire Schengen Area (Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Greece, The Netherlands, Poland, Latvia, Lithuania, Luxembourg, Hungary, Malta, Germany, Italy, Portugal, Spain, Slovakia, Slovenia, Sweden etc.) without any waiting times and potential controls at the national borders.

Minimum expense

To the best of our knowledge, of all the EU member states, Hungary requires the smallest financial investment in return for granting a residence permit.

Why employ our services for guiding you through the application procedure for the residence permit?

Extensive foreign clientele

Littner Law Office has accumulated a far-reaching experience in the effective and successful arrangement of Hungarian legal matters of clients from many countries of the world. We stand at the disposal of our foreign clients in English, German and French.

Many years’ experience in immigration issues

Pursuant to current legislation it is compulsory to employ a legal representative for the residence permit application procedure. Our law office has been representing foreign citizens for many years, i.e. we are specialists in acting on behalf of our clients in alien policing, immigration, residence, permanent residence and citizenship matters.

Personal service

Our law office places special emphasis on the personal relationship with clients and the personal arrangement of their legal issues. Should you ever need to appear at a Hungarian authority in person, we shall accompany and assist you right up to the conclusion of the matter.

Contact us:

Dr. Littner Hungarian Lawyer

Dr. Zsolt Littner

Name:

E-mail address:

Telephone number:

What we can do for you:


Please leave this field empty.