Fidesz offers residence, citizenship for investment

Budapest, October 27 (MTI) – The ruling Fidesz party has submitted an amendment seeking to grant the opportunity of settling in Hungary to foreign investors.

Under the bill, submitted by Fidesz group leader Antal Rogan, as well as Fidesz MPs Mihaly Babak and Krisztian Kapus on Saturday, people from outside the European Union would be ensured preferential treatment in obtaining Hungarian citizenship and a permit to settle in the country if they or a company they are the majority owner of buy equities issued by Hungary’s state debt management centre AKK worth 250,000 euros or more.

 

The bill “ties granting citizenship to a purchase of state bonds in an effort to contribute to state financing. Further direct investment by those applying for this form of settling in Hungary will boost domestic real estate markets, commercial activities and the investment market”, the signatories wrote in their reasoning to the motion.








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