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World

Wealthy foreigners welcome in Hungary

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World

Wealthy foreigners welcome in Hungary

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COMING UP:Wealthy foreigners welcome in Hungary

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Transcript

00:00:00
>>
NOISE] K
own for his outspoken hostility towards migrants and his controversial border fence to keep them out. Hungary's leader, Viktor Orban, has also quietly opened the country's doors to rich foreigners. Yang Ding moved his family to the Hungarian capital, Budapest in April last year. He's part of a residency bond scheme launched in 2013.
00:00:25
That's attracted nearly 10,000 Chinese residents to the country. Mostly wealthy families, they're in search of cleaner air, better education, and a more relaxed pace of life. Unlike the refugees fleeing conflicts in the Middle East, these immigrants say they feel very welcome.>>
FOREIGN]
> I doubt the government or Hungarian society failed to see the difference.>> After selling property he'd inherited from his parents, the Beijing native bought a bond worth 300,000 Euros. It gives his family the right to live in Hungary for five years.
00:00:47
They have savings in China, property, and therefore expectations. It's different demographically.>>
00:01:12
Several other EU countries operate similar schemes, but Hungary's is less expensive than most and offers residency rights straight away. Official statistics show the red carpet is rolled out for these well-healed foreigners. A stark contrast to Orban's policy towards migrants who have fled to Europe in the last year.
00:01:32
Mostly from Iraq, Syria and Afghanistan and predominantly Muslim. The Prime Minister says those migrants pose a threat to Europe security and Christian civilization.
NOISE]