Hungary's Golden Visa Program
Unlock your path to European residency in Hungary
Program Overview
Hungary’s Golden Visa Program, officially known as the Hungarian Guest Investor Program (GIP), provides a unique opportunity for individuals seeking long-term residency in Hungary, a culturally rich and economically vibrant European nation.
Investment Avenues
The program offers three distinct investment avenues to meet its requirements, starting from 2024:
Real Estate Investment Fund (€250,000)
Investors can participate in a Real Estate Investment Fund as one pathway to obtaining the Golden Visa.
Real Estate Acquisition (€500,000)
Another option is to invest in Hungarian real estate by purchasing properties or real property bonds.
Non-refundable Public Trust Donation (€1 million)
Alternatively, applicants can make a non-refundable donation to a designated public trust.
Residency and Renewal
Successful applicants receive a long-term residency permit that’s valid for ten years, with the unique feature of indefinite renewal, providing long-term stability for your residency in Hungary.
Family Inclusion
The program allows for the inclusion of family members in your application, including your spouse, children under 18, and financially dependent adult children. Additionally, parents aged 65 and above can be included without the need to demonstrate financial dependency, though including extra dependents may involve additional fees.
Benefits of Hungary’s Golden Visa Program
- Efficient Residency: Quick and efficient access to European residency.
- Long-Term Stability: Benefit from a ten-year residency permit with the option for indefinite renewal.
- Travel Freedom: Gain visa-free travel within the EU Schengen zone.
- No Minimum Stay: There are no strict requirements for minimum stay durations.
- Tax Advantages: Non-residents are not burdened with tax obligations in Hungary.
- Right to Reside: Acquire the right to live in Hungary, known for its rich history and vibrant culture.
Application Process
The application process involves completing an application form, providing your passport, proof of funds, and other necessary documents. Approval by Hungarian authorities may take up to 90 days.
Additional Residency Options
Beyond the Golden Visa program, Hungary offers various pathways to residency for non-EEA nationals. These include obtaining a residence permit for employment, business establishment, or membership in a legal entity, which can eventually lead to an EU Blue card for visa-free travel within the European Union.
Path to Citizenship
For those with long-term aspirations in Hungary, meeting specific residency requirements and passing an examination enable you to apply for Hungarian citizenship. Hungary allows dual citizenship, allowing you to retain your previous nationality.
Stay Informed
Immigration and residency policies can evolve, so it’s crucial to stay informed through official government sources or consult with immigration experts to make well-informed decisions about your Hungary residency journey.
