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Hungary Golden Visa

Residency by Investment

Hungary Golden Visa - Residency by Investment Program

The Hungary Residency by Investment scheme, also referred to as the Hungary Golden Visa or the Hungarian Guest Investor Program (GIP), presents a fantastic chance to obtain residency in Europe. With its array of advantages, this initiative is highly appealing to individuals aiming for prolonged residency in a European nation. Notably, it stands out as one of the swiftest and most cost-effective golden visa programs accessible in Europe today.

How to obtain the Hungary Golden Visa?

  • Residential Real Estate Purchase

Investors can qualify by purchasing residential real estate valued at €500,000 or more. 

  • Investment in Real Estate Funds

Investors can opt to invest €250,000 or more in real estate fund units issued by funds registered with the Hungarian National Bank.

  • Donations to Higher Learning Institutions

Another avenue for qualification involves donating €1,000,000 or more to an institution of higher learning supported by a public interest trust foundation. The institution must be dedicated to education, scientific research, or artistic endeavors.

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Processing Time

2 – 3 months

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Real Estate From

Starting From €250,000

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Visa-Free Access To

Schengen zone

Hungary Investment Options

€500,000

Residential Real Estate Purchase

Investors can qualify by purchasing residential real estate valued at €500,000 or more.

€250,000

Investment in Real Estate Funds

Investors can opt to invest €250,000 or more in real estate fund units issued by funds registered with the Hungarian National Bank.

€1,000,000 or more

Donations to Higher Learning Institutions

Another avenue for qualification involves donating €1,000,000 or more to an institution of higher learning supported by a public interest trust foundation. The institution must be dedicated to education, scientific research, or artistic endeavors.

Why choose Hungary?

Hungary presents an enticing proposition for investors due to its strategic location, cost-effective investment opportunities, robust economy, and high quality of life. Situated in Central Europe, Hungary offers easy access to European markets at relatively lower costs compared to its counterparts. Its stable and growing economy, supported by a skilled workforce and favorable business environment, makes it an attractive destination for investment. With a strong passport enabling visa-free travel to over 170 countries and membership in the Schengen zone, European Union, and NATO, Hungary provides added advantages for those considering residency or investment.

Cost of living in the Hungary

The cost of living in Hungary can vary depending on factors like location, lifestyle, and personal spending habits. Generally, Hungary is considered to be more affordable compared to many Western European countries, but the cost of living has been gradually increasing in recent years, particularly in Budapest, the capital city. Here’s a breakdown of some common expenses:

Housing

Rent prices in Budapest have been on the rise, especially in popular neighborhoods. However, compared to other European capitals, rent is still relatively affordable. Outside of Budapest, housing costs tend to be lower.

Food

Grocery prices in Hungary are generally reasonable, especially if you shop at local markets and smaller stores. Dining out can range from inexpensive options like street food and local eateries to higher-end restaurants.

Transportation

Public transportation in Hungary, especially in Budapest, is efficient and affordable. Monthly passes offer further savings for regular commuters. Owning a car comes with additional expenses like fuel, insurance, and parking fees.

Utilities

Costs for electricity, heating, water, and garbage vary depending on the size of the household and usage habits. These expenses are typically manageable but can add up, especially in colder months.

Healthcare

Hungary has a public healthcare system, which is accessible to residents and citizens. While basic healthcare services are generally affordable or free, some people opt for private healthcare for faster service and more amenities.

Entertainment and Leisure

The cost of entertainment, such as movie tickets, concerts, and cultural events, can vary. Hungary offers a range of options to suit different budgets.

Education

Public education in Hungary is free up to the age of 18. Private schools and universities can be expensive, though tuition fees are generally lower compared to many other European countries.

Key Facts

Capital

Budapest

Languages

Hungarian and other languages

Currency

The forint (sign Ft)

Population

10.07 million (2024)

What are the eligibility criteria to apply for the Hungary Golden Visa?

  1. Be a non-EU and non-EEA citizen aged 18 or above.
  2. Undergo due diligence and background verification checks at various stages.
  3. Demonstrate sufficient financial means to support themselves and family members, with a requirement to disclose the source of wealth.
  4. Obtain approval from competent authorities to purchase residential property.
  5. Provide evidence of having the necessary funds to buy a residential property in Hungary and complete the purchase within a specified timeframe.

Hungary Golden Visa Required Documents

To seek a Hungary Guest Investor Visa and residency through investment, the investor must submit the following paperwork:

  • A passport valid for at least 12 months.
  • Two recent 3×4 cm photographs.
  • Health insurance.
  • A written declaration confirming the commitment to meet the investment requirement.
  • Evidence of the legality of the income.
  • A bank statement showing the available funds.
  • Curriculum vitae (CV) for each family member aged 18 and above.
  • Marriage certificate.
  • Birth certificates, if applicable.
  • Completed residency permit application form.
  • Proof of investment commitment for residency application.

Please note that this document checklist is subject to change and will be clarified upon the launch of the Golden Visa program.

How Many Dependents Can Be Included in a Single Application?

When applying for Hungary Golden Visa, you can include your: 

  • Spouse 
  • Children under 18 
  • Dependent parents

Starting investment for Hungary Golden Visa is €250,000

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Get Free Consultation

    How do I avoid mistakes when applying for the Hungary Golden Visa?

    When starting the process of gaining residency in Hungary, relying on a trusted migration agency such as Migrate World can provide a significant edge. Our experienced professionals are highly knowledgeable about the nuances of the application procedure, guaranteeing careful compliance with the strict standards of the country. With a history of achieving positive results, Migrate World delivers tailored support, saving you precious time and reducing the chance of mistakes that might impede your application progress. Acting as your committed ally, we not only streamline the intricacies but also furnish you with current information, enabling you to make well-informed choices.

    Program Summary

    Learn more about the country and it's citizenship by investment.

      Similar Residence by Investment Programs

      Hungary Golden Visa Benefits

      • Permanent residency in Europe: Investors and families can live in Hungary with a residence permit indefinitely, enjoying its lifestyle and services without any stay requirements.
      • Free movement within the EU: With residency permits, investors and family members can travel visa-free throughout the Schengen area.
      • Approval in 8 weeks: Apply now for swift processing once you have all the required documents ready.
      • 10 +10 years validity: Investor residency permits are valid for ten years, and renewable for another decade for long-term stability.
      • No minimum stay required: No need to be present to secure a residence permit; stay in Hungary as you wish without time constraints.
      • Applies to the whole family: Immediate family members are covered by the residency permit; inquire for details.
      • Access to prime real estate investments: Live in or rent out your EU property.
      • No wealth, inheritance, or real estate taxes: Diversify your investment portfolio with Hungarian opportunities for better risk management and growth.
      • Right to work: Permit holders can pursue employment or leadership roles in income-generating ventures.

      How Can Migrate World Help You?

      Migrate World team offers essential support to clients pursuing the Hungary  Golden Visa. With expert guidance, personalized solutions, and thorough assistance in documentation, investment choices, application, due diligence, and post-approval steps, Migrate World ensures a smooth and successful journey toward obtaining residency in Hungary. Clients benefit from their expertise, minimizing complexities and maximizing the likelihood of a favorable outcome.

      Comparing Residency by Investment Countries

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      Does Hungary provide a Golden Visa?

      Hungary introduces a fresh golden visa opportunity. Investors now have the chance to secure Hungarian residency for a decade, granting them visa-free entry to both the EU and the Schengen zone, along with simplified visa options for numerous other countries. Moreover, this new residence permit can be renewed, and it allows family members to apply together.

      FAQs

      The Hungarian golden visa program primarily offers residency rather than citizenship. However, your residency obtained through the golden visa could potentially pave the way for citizenship if you fulfill residency requirements over time. Typically, under the regular naturalization process, you must maintain a permanent address in Hungary for a minimum of 8 years, though certain circumstances might shorten this duration.

      Hungarian residents have the privilege of entering any Schengen member state without a visa. They are allowed to stay in that country for up to 90 days without needing any additional documentation.

      Typically, a minimum stay is required for renewing your Hungarian residency once it expires. However, this minimum stay requirement doesn't apply to guest investors who obtain Hungarian residency through their golden visa investment. Even if you don't spend any time in Hungary, you remain eligible for renewal.

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