Hungarian legislation allows foreign nationals to get permanent residency through an accelerated procedure if they invest at least €250,000 in securities issued by an agent mandated by the state.
The securities purchased, either by the foreign national or a company majority-owned by the foreign national, are not government securities but papers issued by the agents, who buy, in turn, special-purpose five-year discount bonds issued by the Government Debt Management Agency (ÁKK).
The “Permanent Residency Hungarian State Bonds” may not be traded. By mid-May, 722 bonds had been sold, according to data from ÁKK.
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