GOLDEN VISA in Hungary

The program was introduced to promote economic growth, attract real estate development, increase foreign direct investment to the country, support the development of infrastructure and provide for a sustainable future.

Yes, currently, Hungary provides a lawful route for acquiring residency through investment to all country nationals. Applicants must have no criminal record, satisfy necessary subsistence Moreover, your spouse, children under 18, and financially dependent parents can also apply as part of your Hungarian residency application. Additionally, children over 18 may be included if they are enrolled in full-time studies and financially reliant on the primary applicant.

The Hungarian Parliament has approved a new regulation introducing the ‘guest investor residency’ in Hungary. This program provides investors with 10 years of residence under favourable conditions. The minimum required investment is 250,000 EUR and it must be completed within 90 days of visa application approval.

A Guest Investor Visa, also known as a Golden Visa, is a residency permit that allows foreign investors to live and work in a country in exchange for making a substantial investment in that country’s economy. Guest Investor Visas are typically available to investors from outside the European Union (EU) and the European Economic Area (EEA).

As an applicant for the Golden Visa, you must be at least 18 years of age, of good character, without a criminal record, and able and willing to make the required contribution. You must engage an ‘Authorise Agent’ who will assist you in preparing the required forms and supporting documents.

According to the program the following eligible investments criteria are defined:

• No Criminal Record.
• Pass Due Dilligence Tests.
• Sound Financial Record and surplus funds to support living.
• Clean Medical Record.

According to the program the following eligible investments criteria are defined:

• €250,000: Real Estate Investment Fund Investment
• €500,000: Real Estate Acquisition
• €1 million: Public Trust Donation (non-refundable).

The Best Golden Visa opportunity in Europe in view of amount of investment, fast procedure and the period for which it is issued (10+10 years)

• Open to all country nationals
• Boasting a zero minimum stay requirement
• Generous family eligibility
• No requirement  about annual in-country stays to maintain or renew the residency
• Rapidly expanding property market
• Risk free investment for 5 years in Euro currency
• Favourable corporate tax rates (9%)
• Enjoy visa-free access to the Schengen Area with your family
• Great investment destination in Europe
• Significant trade hub with exceptional flight connections
• Eligible way to your EU citizenship – if you live in Hungary for 8 years, you can apply for citizenship

Hungarian residence permit processing time is quite fast compared to some other EU members. The entire process takes nearly 2-3 months.

Kindly complete our contact form if you wish to obtain a Hungarian residence permit. Subsequently, you will receive further details and a comprehensive step-by-step guide for the Guest Investor Program. You may contact us to find tailor-made solutions for you and your family.

In a nutshell, if you would like to attend the Golden Visa Program in Hungary, first you have to submit an application for Guest Investor Investors must then complete their chosen investment within the first 93 calendar days of entering the country to obtain the Golden Visa and 10-year residence permit.

Here are the main steps of receiving your residence permit by investment in Hungary:

1. Contact us and place an order for the services
2. Collecting and preparing the supporting documents
3. application for Guest Investor Visa by an authorized attorney
4. processing your application with all necessary due diligence (approx. 1-2 months)
5. get your Guest Investor Visa and move to Hungary
6. make the investment in Hungary by one of 3 possible options (you have 93 days for that)
7. get your residency approval and receive your residency card for 10 years
8. renew your residency after 10 years for another 10 years or apply for citizenship (possible after 8 years of permanent stay)

No, you don’t have to attend a mandatory interview. However, and interview may be required at the discretion of the Government.

There is no wealth; inheritance; withholding tax; foreign income; or capital gains tax in Hungary. As a resident of more than 180 consecutive days in Hungary, you would be liable to pay personal tax.

• Property tax on purchase – 4% (*there are several exceptions)
• Lawyer fee – usually 1%
• Broker commission – (Paid by seller)
• VAT 5% (only for newly built properties)

You don’t need to speak Hungarian to be an applicant.

There is no accelerated processing of an application. The maximum time frame is about 2 months.    

The Schengen area allows more than 400 million people to travel freely between member countries without going through border controls. If you successfully apply for the Golden Visa program you can enter the 29 countries in the Schengen area with a Hungarian Residence Permit. (These countries are: Austria, Belgium, Bulgaria, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and Switzerland.)