The Hungary Residency by Investment programme, also known as the Hungary Golden Visa, is an excellent opportunity to secure residency in Europe. This programme offers a range of benefits that make it a compelling choice for those seeking long-term residency in a European country. The programme is one of the quickest and most affordable golden visa programmes currently available in Europe. It is a unique option as it is the only EU programme that allows investors to complete the real estate purchase after their residency visa application has been approved and issued.
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REQUIREMENTS FOR HUNGARY’S GOLDEN VISA PROGRAMME
To be eligible for the Hungary Golden Visa, there are specific requirements that applicants must meet. These requirements serve as the foundation for your investment journey. To participate in Hungary’s Residency by Investment programme, it’s essential to understand the associated costs and the application process.
Investment Requirements
From 2024, there are three new investment avenues to choose from. Applicants must choose one of the following options:
- €250,000: Real Estate Investment Fund
- €500,000: Real Estate Acquisition
- €1 million: Non-refundable Public Trust Donation
Fees & Costs
On top of the above investment requirements, applicants will also need to budget for a selection of legal, application and processing fees. These will vary depending on the number of family members applying and the investment avenue that is selected. Contact our advisors for a personalised quotation.
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HUNGARY CITIZENSHIP BY INVESTMENT
The new Hungarian Golden Visa (officially termed the “Guest Investor Residence Permit”) is a long term residency permit with a validity period of ten years. The permit can be renewed ongoing for life. It is also possible to upgrade to permanent residency providing you have resided full time in Hungary for five years. The Hungarian programme is not a citizenship by investment programme. There is no direct path to citizenship in Hungary as there is in some other EU countries. If European citizenship is your end goal, then you may like to consider other programmes with a clearer pathway, such as Portugal and Malta
FAMILY APPLICATIONS
Hungary’s Golden Visa programme enables the applicants to include their spouse and their children under the age of 18 years old. If the applicant’s children are over this age, it may still be possible to include them, providing they can prove financial dependency, are studying and unmarried. Parents can also be included in the application, if they are 65 years and over, there is no need to prove dependency. For additional dependents, extra fees will apply. Speak with La Vida’s experts for a full family quotation.
BENEFITS
The programme offers numerous benefits to its participants.
- Quick and efficient route to residency in Europe.
- Life-long residency, renewable every ten years.
- Visa-free travel within the EU Schengen zone.
- No minimum stay requirements.
- No tax obligations for non-residents
- Freedom to reside in Hungary.
- Applications approved within approximately 4 – 8 weeks.