Wednesday, October 31, 2012

Hungary may sell passports

BUDAPEST - Lawmakers in indebted European Union member Hungary are waving the prospect of a passport at well-heeled foreign investors.

Proposed legislation listed on parliament's website would grant permanent residency and ultimately Hungarian citizenship to outsiders who buy at least 250,000 euros ($322,600) worth of special government bonds.

Hungarian passport holders are entitled to live and work throughout the European Union.
Read the rest here.

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