Previously, the National Card immigration scheme in Hungary was limited to nationals from countries with visa requirements, such as Ukraine, China, and Vietnam. However, the Hungarian government recently announced that the program will now allow nationals from Russia and Belarus to participate as well.
The National Card scheme is a popular immigration program in Hungary that offers residency permits to foreign nationals who invest in the country. In order to qualify for the program, applicants must invest a minimum of 360,000 euros in Hungarian government bonds for a period of five years. This investment is intended to boost the Hungarian economy and create jobs for locals.
The decision to expand the National Card scheme to include nationals from Russia and Belarus is seen as a positive step towards attracting more investors and boosting the Hungarian economy. Both countries have a significant number of wealthy individuals who may be interested in investing in Hungary in exchange for residency permits.
The National Card program has already been successful in attracting investors from other countries, such as China and Vietnam. By including nationals from Russia and Belarus, Hungary is expanding its reach and appealing to a wider pool of potential investors.
Overall, the relaxation of the National Card immigration scheme to include nationals from Russia and Belarus is expected to bring in more investment to Hungary and create new opportunities for economic growth. It will also help strengthen the ties between Hungary and these two Eastern European countries.
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