Golden Visa Program
Overview
The Hungarian Guest Investor Program offers non-EU nationals a fast-track to permanent residency in Hungary through a secure investment. By investing EUR 250,000 in a qualifying real estate fund or making a donation of EUR 1 million towards educational, scientific research, or artistic creation activities, investors and their families can obtain a 10-year residence permit. The program is designed to be straightforward with no requirement to live in Hungary, making it an attractive option for international investors seeking residency in Europe.
Benefits of the Hungary Golden Visa
Permanent Residence in Europe
Receive a 10-year residence permit with the possibility of renewal.
Family Inclusion
Immediate residency for spouse and children under family unification.
Fast Processing
Obtain residency within approximately 3-6 months.
No Residency Requirements
No obligation to live in Hungary to maintain residency status.
Visa-Free Schengen Travel
Enjoy visa-free movement within the Schengen Area, with the ability to stay up to 180 days in any 6-month period.
Right to Live, Work, and Study
Freedom to live, work, and study in Hungary.
No Language or Education Requirements
No need for language tests, medical tests, or specific educational background.
Low Cost of Living
Benefit from Hungary's affordable living costs in Central Europe.
Open to All Nationalities
The program is open to applicants from all countries.
Secure Investment
The investment is fully refundable after a 5-year period.
Eligible Investments
Real Estate Investment Fund
EUR 250,000
- Investment Details
Invest EUR 250,000 in a qualifying real estate fund registered by the Hungarian National Bank. The investment must be maintained for a minimum of 5 years. - Qualifying Funds
The fund's net asset value must comprise at least 40% investments in Hungarian residential real estate. The real estate fund manager must have at least a simplified site security certificate or be listed under Act XXX of 2016 on Defence and Security Procurement.
- Investment Details
Donation
EUR 1 Million
- Purpose of Donation
Make a donation of EUR 1 million towards educational, scientific research, or artistic creation activities. - Benefits
Ideal for investors interested in contributing to Hungary's cultural and educational development. - Please note: The option to purchase residential property for EUR 500,000 is not currently available.
- Purpose of Donation
Application Process
1. Initial Consultation
- Discuss your investment options and eligibility with our legal team.
2. Investment Contract
- Sign the investment agreement for the real estate fund or arrange the donation.
3. Document Preparation
- Compile necessary documents, including valid passports, ID cards, police clearance certificates, health insurance coverage in Hungary, and marriage certificates (with apostille).
4. Investment Payment
- Transfer the investment funds to the designated account.
5. Application Submission
- Apply for the residence permit at the Hungarian embassy or consulate in your country with the investment certificate and required documents.
6. Approval and Visa Issuance
- Upon approval (typically within 3-6 months), receive a D visa valid for entry into Hungary within 2 years.
7. Biometric Data and Residence Permit
- Travel to Hungary for fingerprinting and to collect your residence permit card.
8. Family Application
- Family members can apply for Hungarian residency under family unification using a copy of your residence permit card.
9. Residence Permit Validity
- Receive a residence permit valid for 10 years, renewable for another 10 years thereafter.
Frequently Asked Questions (FAQs)
What is the Hungary Golden Visa Program?
The Hungary Golden Visa Program, officially known as the Hungarian Guest Investor Program, allows non-EU nationals to acquire permanent residency in Hungary through investment in a qualifying real estate fund or by making a significant donation. It is one of Europe’s most accessible residency programs.
Is Hungary part of the Schengen Area?
Yes, Hungary is a member of the Schengen Agreement. Residency permits issued by Hungary allow visa-free travel within all Schengen countries, including Switzerland.
Do I need to live in Hungary to maintain my residency?
No, there is no requirement to reside in Hungary to maintain your permanent residency status.
Can I include my family members in the application?
Yes, your spouse and children can be included under family unification provisions.
Are there language or education requirements?
No, there are no language tests, medical tests, or educational requirements for this program.
What are the eligibility criteria?
- Main applicant must be over 18 years old.
- Must have a clean criminal record.
- Health insurance coverage in Hungary.
- Valid identification documents.
Is the investment refundable?
Yes, the EUR 250,000 investment in the real estate fund is fully refundable after the 5-year investment period.
Can I work in Hungary with this residence permit?
Yes, the residence permit allows you and your family members to live, work, and study in Hungary.
Is there a path to Hungarian citizenship?
Yes, after 8 years of continuous residence in Hungary, you may apply for Hungarian citizenship through naturalization, subject to passing a Hungarian language and cultural knowledge test.
Do I need to pay taxes in Hungary?
You are only considered a tax resident if you spend more than 183 days per year in Hungary. Tax obligations apply to tax residents accordingly.
How can I get started?
Contact our legal team for a private consultation. We will guide you through each step of the process, ensuring a smooth and successful application.
Why Choose Us for Your Hungary Golden Visa Application
Our experienced legal team specializes in immigration and investment law. Our law firm is a partner of the first investment fund registered by the Hungarian National Bank for this purpose.
What we offer:
Expert Guidance
Comprehensive support throughout the application process.
Personalized Service
Tailored solutions to meet your specific needs.
Trusted Partners
Collaboration with reputable real estate fund managers and financial institutions.
High Success Rate
Proven track record of successful applications.
Confidentiality and Professionalism
Ensuring your personal information is handled with the utmost care.
Contact Us for a Private Consultation
Interested in learning more about the Hungary Golden Visa Program? Contact us to schedule a private consultation. Our team is ready to assist you in making Hungary your gateway to Europe.
Let us help you navigate the path to European residency with confidence and ease.
tz@tz.legal