Hungary

The Hungary Residency by Investment program, also referred to as the Hungary Golden Visa, offers an exceptional opportunity for obtaining residency in Europe. This program provides various advantages, making it an attractive option for individuals looking for long-term residency options within a European nation. Known for being both quick and cost-effective compared to other golden visa programs in Europe, it stands out as the only EU program that permits investors to finalize their real estate purchase subsequent to the approval and issuance of their residency visa application.

ELIGIBILITY CRITERIA FOR HUNGARY’S GOLDEN VISA PROGRAM

To qualify for the Hungary Golden Visa, applicants must fulfill certain criteria, laying the groundwork for their investment endeavor. Understanding the financial implications and the procedural steps is crucial for participation in Hungary’s Residency by Investment program.

Investment Options

Starting from 2024, applicants have the option to choose from three distinct investment pathways:

€250,000 in a Real Estate Investment Fund
€500,000 in Real Estate Acquisition
€1 million as a Non-refundable Donation to a Public Trust
Additional Fees & Expenses

Beyond the primary investment requirements, applicants should also plan for various legal, application, and processing fees. These expenses will differ based on the investment path chosen and the number of family members included in the application. For a customized estimate, it is recommended to consult with our advisors.

HUNGARY RESIDENCY THROUGH INVESTMENT

The revamped Hungarian Golden Visa, officially known as the “Guest Investor Residence Permit,” grants a long-term residency permit valid for a decade, with the option for lifelong renewal. After living full-time in Hungary for five years, there’s an opportunity to obtain permanent residency. However, it’s important to note that this program does not offer a direct route to Hungarian citizenship, unlike some other EU countries’ investment programs. For those aiming for European citizenship, programs in countries like Portugal and Malta may offer more straightforward pathways.

INCLUDING FAMILY MEMBERS

The Hungarian Golden Visa program allows for the inclusion of an applicant’s spouse and children under 18 years old. Children over 18 may also be included if they are financially dependent, single, and enrolled in studies. Parents aged 65 and over can be included without the need to demonstrate financial dependency. Additional dependents might incur extra charges. Consulting with experts from La Vida for a detailed family quote is advisable.

PROGRAM ADVANTAGES

Participants of the program enjoy a plethora of benefits, including:

A swift and streamlined process to secure residency in Europe.
The provision of lifelong residency, with renewability every decade.
The privilege of visa-free movement within the EU Schengen area.
No requirement to maintain a minimum stay.
Absence of tax liabilities for individuals who do not reside in Hungary.
The liberty to live in Hungary.
Fast processing of applications, typically within 4 to 8 weeks.