COUNTRY PROFILE AND HISTORY
Hungary is a landlocked country in central Europe. It is situated in the Carpathian Basin and bordered by Slovakia to the north, Ukraine and Romania to the east, Serbia and Croatia to the south, Slovenia to the southwest and Austria to the west.
The capital city of Hungary is Budapest and the primary language is Hungarian.
Hungary’s population is approximately ten million and the country has a total of area of 93,000 km². The most commonly practiced religion is Christianity and the country is served by five international airports.
The Hungarian government operates with a parliamentary democracy and the country is a member of the European Union, NATO, OECD and the Schengen Area.
Hungary’s Investor Residency Bond Programme was established in 2012 offering a wide range of benefits. The programme is based on Act LV of 1993, whereby a non-Hungarian citizen may apply for citizenship after eight years of permanent residency. In November 2012, the Hungarian Parliament amended the Act II of 2007 on the Entry and Stay of Third-Country Nationals. Applicants can now gain temporary residency within three months and permanent residency six months later. Foreign direct investment is made in the Investor Residency Bond Programme which includes the purchase of special Hungarian government bonds to a value of €300,000. The bonds mature after five years after which point the original capital is returned to the investor.