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Hungary Golden Visa Program

Hungary is set to launch its new Golden Visa Program, officially known as the Guest Investor Program (GIP), aimed at attracting foreign investors seeking residency in Europe. This initiative offers a unique opportunity for individuals to gain residency by investing in real estate, making Hungary an appealing destination for high-net-worth individuals.

Hungary Golden Visa Program Benefits

Residency and Family Inclusion

  • Hungary is an EU Member State – Within the Schengen area.
  • Residency permit valid 10 years – Renewable for a further 10 years.
  • Right to live, work and study in Hungary.
  • Right to travel within Schengen area visa free for 90 days in every 180 days period.

The main applicant can include the following dependents:

  • Legally married spouse;
  • Minor children; and
  • Dependent parents and siblings.

Travel and Quality of Life

  • Right to live, work and study in Hungary.
  • High standard of education and healthcare, and children have access to free education.
  • Free travel within Schengen zone 90 days out of every 180 days.
  • Right to establish a business.

Ease of Access

  • No physical residency requirement.
  • Potential pathways to Permanent Residence and Citizenship, subject to conditions (including substantial physical presence in Hungary and knowledge of Hungarian language and of constitution).
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Hungary investor visa requirements

  • Non-Hungarian or EEA Citizen.
  • Make a qualifying investment.
  • Hold the investment at least 5 years (but similar investment must be in place to renew).
  • Proof of accommodation at time of applying (incl. hotel).
  • Proof of health insurance.

Hungary Investor Visa Options

Investment Fund

EUR 250,000 worth of units in investment fund that has at least 40% of its net asset value in Hungarian residential properties.

Real Estate

EUR 500,000 residential real estate property purchase.

Donation

EUR 1,000,000 donation to a specific higher education or cultural institution, to support educational, scientific research or artistic creation.

Hungary Golden Visa Program Process

Processing time 6 Months

Due Diligence And Application

Main applicant applies for/obtains Guest Investor Visa at the nearest Hungarian Consulate (c. 1 month).

Approval And Investment

  • Main Applicant enters Hungary: has a maximum of 93 days to make the qualifying investment and apply for residence permit (c. 2 months to receive residency card).
  • Apply for residence permit for dependents (c. 1 month) at Hungary Consulate.

Residency

Main applicant and dependents will generally be required to go to Hungary to submit their biometrics after submission of the Residence Permit applications.

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Hungary Golden Visa Price Breakdown
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Frequently Asked Questions

What is the Hungary Golden Visa program?

Hungary’s Golden Visa program, relaunched in 2024, offers a unique opportunity for non-EU and non-EEA citizens to obtain a 10-year residence permit through investment. This program is designed to attract foreign investors by providing a pathway to residency in Hungary, with the added benefit of Schengen zone travel.

Hungary’s Golden Visa program offers a compelling opportunity for global investors seeking European residency, with flexible investment options starting from €250,000 for real estate funds, €500,000 for direct property purchases (available from January 2025), or a €1,000,000 educational donation.

Is the Hungary Golden Visa worth it?

The Hungary Golden Visa program offers an attractive pathway for investors seeking European residency without stringent requirements or lengthy processes. With its competitive investment options and numerous benefits, it serves as an excellent choice for those looking to expand their horizons and enjoy life in one of Europe’s most enchanting countries. By understanding the requirements and navigating the application process effectively, potential applicants can unlock new opportunities through this exciting program.

What are the benefits of obtaining a Hungary Golden Visa?

Holders of the Hungary Golden Visa can reside, work, and study in Hungary with visa-free travel within the Schengen Area for 90 days every 180 days.

Can the applicant's family also benefit from the Hungary Golden Visa?

The Hungary Golden Visa is available to the investor’s spouse, minor children, and dependent parents or siblings.

How long is the residence permit issued under the Hungary Golden Visa valid?

Residence permits under the Hungary Golden Visa are valid for 10 years and require maintaining the investment for renewal.

Is there a language requirement for applying for the Hungary Golden Visa?

There is no language requirement for applying or renewing the Hungary Golden Visa.

Are there any physical residency requirements for holders of the Hungary Golden Visa?

The Hungary Golden Visa does not require physical residency for application, maintenance, or renewal.

What are the investment requirements for the Hungary Golden Visa?

Investment options include EUR 250,000 in a fund, EUR 500,000 in residential property, or a EUR 1 million donation to specified institutions.

Can holders of the Hungarian Golden visa apply for Hungary permanent residence permit or citizenship?

Yes, after eight years of continuous residence in Hungary, you may be eligible to apply for citizenship, requiring continuous residence, cultural exams, and no criminal record.

Can investors make additional investments in Hungary besides the qualifying investment for the Golden Visa?

Investors with the Hungary Golden Visa can make additional investments beyond the qualifying investment.

Does Hungary permit dual citizenship?

Hungary embraces the concept of dual citizenship, allowing individuals to possess Hungarian nationality alongside citizenship from other countries. This inclusive policy is particularly advantageous for those with Hungarian ancestry, enabling them to reconnect with their roots while retaining their original citizenship.

What are the main differences between the Hungary Golden Visa and other EU Golden Visa programs

The Hungary Golden Visa program stands out due to its lower investment thresholds, lack of residency requirements, and relatively quick processing times compared to other EU Golden Visa programs. These features make it an attractive option for investors looking for flexibility and access to Europe without stringent obligations. Whether you seek a new home or an opportunity for investment, understanding these differences can help you make an informed decision about your path to European residency.

Can foreigners buy property in Budapest?

The answer is yes, Foreigners looking to invest in Budapest can take advantage of Hungary’s investor visa options, which include purchasing residential real estate valued at EUR 500,000 or investing EUR 250,000 in an investment fund that allocates at least 40% of its net asset value to Hungarian residential properties. These investment routes not only provide property ownership opportunities but also pave the way for residency benefits for non-EU citizens.