Are you interested in the Golden Visa program in Hungary staring from 2024?
Then you are in the right place.
Hungary Golden Visa Program Overview
Hungary’s Golden Visa Program, set to relaunch in 2024, offers a unique opportunity for foreign investors to gain residency in a country that is both culturally rich and strategically located in the heart of Europe. The program is designed to attract foreign capital and boost the Hungarian economy while providing investors and their families with the chance to live, work, and study in Hungary.
Investment Options
The program offers several pathways to residency through investment, catering to a wide range of preferences:
- €250,000: Real Estate Investment Fund
- €1 million: Non-refundable Public Trust Donation
Valid for 10 years
The Hungary Golden Visa, once obtained, grants a residency permit initially valid for 10 years.
6 benefits of Golden Visa in Hungary
The Hungary Golden Visa Program offers several benefits for investors and their families seeking residency in Hungary. Here are the key advantages:
1. Schengen Zone Travel
Moving to Hungary allows for seamless, visa-free travel within the Schengen Zone, simplifying the process of exploring numerous European countries without the necessity for individual visas for each destination. They are also very close to Hungary.
- Vienna, Austria – less than 3 hours away by train
- Prague, Czech Republic – one hour by plane
- Milan, Italy – less than 2 hours by plane
2. Family Inclusion
Investors can include their spouse, children under 18 (with provisions for dependent children over 18), and potentially parents, under the family reunification scheme.
3. Fast Process
Overall, from starting the application process to receiving a residence permit card, the approximate timeline could range from 3 to 4 months, excluding the time required for fulfilling the investment condition and any additional processing delays.
4. No Minimum Stay Required
Unlike some other residency programs, Hungary’s Golden Visa does not require investors to spend a minimum amount of time in-country, offering greater flexibility.
5. Access to Services
Getting residency in Hungary opens up its great healthcare and education systems for investors and their families, making life better. Plus, Hungary is also well-known for medical tourism, which is another perk for residents.
6. Hungary is Beautiful
Hungary is beautiful due to its stunning architecture, vibrant culture, historic thermal baths, and breathtaking landscapes ranging from the urban elegance of Budapest to the serene beauty of the Hungarian countryside.
There are Golden Visa programs in different European countries. Comparing them to Hungarian Golden Visa program, it clearly has benefits.
Golden Visa Hungary Q&A
Q: What are the steps you need to take to obtain Golden Visa in Hungary?
We compiled the steps in this free ebook.
Q: Is there a period when I have to live in Hungary?
There is no obligation to live in Hungary during the participation in the Golden Visa Program.
Q: What kind of real estate is appropriate for participating in the Golden Visa Program?
You need to buy a residential real estate.
Business properties or warehouses are not appropriate for the Program.
Q: Can I sell the property which was purchased for obtaining the Hungarian Golden Visa?
For five years from the purchase of the real estate, it is not possible to sell it (there is a legal limit on selling the property). After five years, you are free to sell the property.
Please note, that if you wish to extend your Hungarian Golden Visa after its expiation, you shall have a property of similar value.
Q: If two third-country citizens decide together to apply for the Hungarian Visa Program, and they buy a property for EUR 1,000,000, will both of them entitled to Golden Visa?
Individuals can buy a property jointly. However, everyone shall have an ownership ratio of EUR 500,000 in it, and they have to be family members to each other. So, if two individuals (friends, business partners etc), who are not family members, buy a joint property, will not be entitled to the Hungarian Golden Visa.
Q: Is it possible to rent the real estate after I have purchased it?
Yes, you are free to rent it. However, you are not allowed to sell it for 5 years after the date of purchase.
Do you have more questions?
We have more answers!
We compiled all potential questions and answers.
Or
Contact us
Our law firm was established more than 30 years ago, in 1991. Our main practice area is corporate law and legal business assistance for local and foreign entrepreneurs. This contains companies establishment, contractual law and immigration services, among others. We are a law firm of five legal professionals and an assistance team located in Budapest and Szeged.
Contact info
- +36202291616
- [email protected]
- Lánchíd utca 13. I. em. 3 Budapest
Péter Juhász
Legal Counsel at Juhász Legal - Specialised in real Estate Law, start-ups legal counsel, enterprise law and IT law
We are happy to serve you
If you have sufficient investment funds, we are ready to assist you.
We will get back to you shortly.