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Hungary Golden Visa
The Hungary Residency by Investment programme
Hungary Golden Visa: Quick and Affordable EU Residency
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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Summary
Investment Requirements
- €250,000: Real Estate Investment Fund
- €500,000: Real Estate Acquisition
- €1 million: Non-refundable Public Trust Donation
Processing Time
4-6 Weeks
Residency Requirement
7 Days Year 1, 14 Days Annually
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.
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.
Frequently Asked Questions
Can i invest Government Bonds in Hungary?
Residency used to be available in Hungary through investment in the Hungarian Residency Bond Programme, but this option closed for applications in March 2017. This programme offered a five year residence permit to applicants investing €300,000 in government bonds. The capital was returned in full after 5 years with no return. The amount excluded administration, government and processing fees.
The residency could be renewed after 5 years at no further cost. Citizenship could be applied for after 8 years but under strict conditions including a language test. Hungary is an EU Schengen visa country and this visa allowed freedom of travel throughout the EU Schengen zone.
Does Hungary offer citizenship by inverstment?
No. The Golden Visa programme is a long-term residency programme. It may be possible to later apply for citizenship if you meet the countries naturalisation laws, but in order to do so, you will need to reside full time in Hungary and pass a language test.