Only three of the government’s new EUR 250,000 residency bonds have been sold so far, state news agency MTI reported on Thursday citing pro-government newspaper Magyar Nemzet. The bonds are marketed exclusively by firms that have been approved by parliamentary committee, most of them established in offshore jurisdictions. The residency bond is touted as the cheapest way for non-EU nationals to acquire a permanent Schengen Zone visa. The director of the firm with exclusive rights to sell the bonds in China said last month that thousands are expected to subscribe over the next few years.
-
Display
The government should not be that desperate for money, as to try to attract more Asians to Hungary. It appears this country is headed in the same direction as western Europe, where they have become flooded by foreigners who do not want to integrate into their society, and have finally realized that “multi-culturalism doesn’t work” (Angela Merkel). Is our government incapable of learning from the mistakes of others?