Image Source: AsiaOne
From July 1, non-EU citizens in Hungary will be able to obtain a residence permit for 10 years. Many European countries are currently stopping similar programs. Bentley Golden Visa is entering this market.Budapest, Hungary - April 19, 2024 — Hungary will introduce a new residence permit option available to third-country nationals starting July 1. The permit will initially be valid for 10 years with the possibility of a subsequent 10-year extension. This new scheme is designed to attract investors and their families, offering them a pathway to reside in Hungary and enjoy visa-free travel throughout the Schengen area.Eligible for the permit are the investors themselves, their spouses or partners, underage children, and economically dependent parents, all of whom can benefit from this unlimited right of residence.The program targets three main groups: individuals who desire to relocate to Hungary, international business people seeking to avoid the lengthy visa processes associated with business or tourist travel to Europe, and those looking for a secure Plan B residence option.
Source: AsiaOne