Location: Central Europe; Capital: Budapest; Total Area: 93,030 km²; Population: 9,855,571; Language: Hungarian (official); Religion: Christianity; Government Type: Unitary Parliamentary Constitutional Republic; Currency: Forint (FT); Exchange rate: 1 FT = .0036 USD; GDP (per capita): $13,487 USD; GDP (purchasing power parity): $132.683 Billion USD (2016 estimate).
The Hungarian Investment Immigration Program called “Residency Bond Program” was established in 2012 allowing investors to apply for Hungarian residency permits. The permanent residence holders are exempted from minimum stay requirements for maintaining the Hungarian residency.
There is no minimum educational nor management experience requirements to the foreign investors. The Hungarian administration officers, however, may request for a simple interview with the applicant on a case by case basis.