Hungary Real Estate (Residency by Investment)

What is the Guest Investor (Golden Visa) Program in Hungary?

The Guest Investor Program allows eligible individuals from outside the European Union and European Economic Area to obtain a long-term residence permit in Hungary by making a qualifying investment. This program is designed to stimulate the Hungarian economy while offering investors and their families a secure and flexible residency option within the Schengen Area.

Purpose of the Guest Investor Program

The primary purpose of the program is to attract foreign capital and promote economic growth in Hungary. For investors, it serves as an attractive route to gain residency in an EU member state, offering enhanced global mobility, access to European markets, and a high quality of life.

Quick Facts about the Hungary Golden Visa

• Program Type: Residency by Investment
• Eligible Nationalities: Non-EU/EEA citizens
• Residence Permit Validity: 10 years, renewable for another 10 years
• Minimum Investment: Starting from €250,000
• Physical Stay Requirement: No minimum stay required to maintain the Golden Visa
• Schengen Area Access: Yes, visa-free travel for 90 days within any 180-day period
• Path to Permanent Residency: Possible after 3 years of continuous residence
• Path to Citizenship: Possible after 8 years of continuous residence (subject to conditions)

Eligibility Criteria for the Hungary Golden Visa

1. Age Limit: The main applicant must be at least 18 years old.
2. Non-EU/EEA Citizen: Applicants must hold citizenship from a country outside the European Union and European Economic Area.
3. Clean Criminal Record: All applicants must have a clean criminal record.
4. Health Insurance: Proof of valid health insurance is required.
5. Legitimate Source of Income: Applicants must demonstrate a legitimate source of funds for their investment.
6. Qualifying Investment: Fulfillment of one of the designated investment options.
7. Registered Residential Address: A residential address in Hungary (rented or owned) is required.

Investment Options

As of recent updates (January 2025), the Hungary Golden Visa program offers two primary investment pathways. It’s important to note that the direct real estate purchase option (initially anticipated for €500,000) was abolished in December 2024.

Note: The investment must be completed within 93 calendar days after the investor’s first entry into Hungary with the Guest Investor Visa.

Application Process for the Guest Investor Program

The process for obtaining the Hungary Golden Visa typically involves several steps:

1. Preliminary Due Diligence: Many applicants begin with a preliminary check through a legal or immigration firm to assess eligibility and minimize risks.
2. Document Preparation: Gather all necessary documents, including passport, proof of funds, health insurance, and clean criminal record certificates.
3. Obtain Guest Investor Visa: Apply for a Guest Investor Visa from your country of origin, declaring your intention to fulfill the investment requirements.
4. Travel to Hungary: Upon receiving the Guest Investor Visa, travel to Hungary. A visit is required for biometric data collection and to finalize the investment.
5. Make the Investment: Complete the chosen qualifying investment within 93 days of your initial entry into Hungary.
6. Apply for Residence Permit: Submit your application for the Guest Investor Residence Permit to the Hungarian immigration authorities (OIF – Országos Idegenrendészeti Főigazgatóság) or via the electronic platform, Enter Hungary.
7. Receive Residence Permit: Once approved, you and your eligible family members will receive a residence permit card valid for 10 years.

Benefits of the Hungary Golden Visa

The Hungary Golden Visa offers a range of compelling advantages for investors and their families:

• Schengen Area Mobility: Enjoy visa-free travel to all 29 Schengen countries, allowing stays of up to 90 days within any 180-day period.
• No Minimum Stay Requirement: Unlike many other residency programs, there is no obligation to reside in Hungary for a specified period to maintain your Golden Visa status, offering significant flexibility.
• Family Inclusion: The program allows for the inclusion of immediate family members, including spouses, minor children, and financially dependent parents, providing a cohesive relocation opportunity.
• Access to Quality Education and Healthcare: Residents gain access to Hungary’s healthcare system, which meets EU standards, and educational opportunities in reputable Hungarian universities.
• Favorable Tax Environment: Hungary boasts competitive tax rates, including a flat 15% personal income tax and one of the lowest corporate tax rates in the EU at 9%, making it attractive for business and tax efficiency.
• Business Opportunities: The residence permit grants the right to establish and conduct business in Hungary, leveraging its central European location and robust economy.
• Pathway to Permanent Residency and Citizenship: After three years of continuous legal residence in Hungary, investors may apply for permanent residency. After eight years of continuous residence and fulfilling other conditions (such as language proficiency and a cultural exam), a pathway to Hungarian citizenship becomes available.
• Renewable Long-Term Residency: The initial 10-year residence permit can be renewed for an additional 10 years, ensuring long-term security and stability.

Updates and Considerations for 2025

The Hungarian Guest Investor Program officially relaunched on July 1, 2024. A significant update for 2025 is the removal of the direct real estate purchase option that was initially planned. Investors should focus on the remaining two active investment pathways: the purchase of real estate fund units or a donation to a higher education institution. Applicants are encouraged to engage with legal and immigration experts to navigate the latest regulations and ensure a smooth application process.

Tips for a Successful Application

• Seek Professional Guidance: Engage with experienced immigration lawyers or consultants specializing in Hungarian residency by investment to ensure all requirements are met and the application is submitted correctly.
• Thorough Due Diligence: Conduct a comprehensive due diligence check before starting the application process.
• Understand Investment Requirements: Fully comprehend the specifics of your chosen investment option, including holding periods and fund regulations.
• Prepare Documents Meticulously: Ensure all required documents are up-to-date, accurate, and properly translated if necessary.

Final Thoughts

The Hungary Guest Investor (Golden Visa) Program provides a streamlined and attractive route to European residency for global investors. With its flexible residency requirements, comprehensive benefits, and clear pathway to long-term status, it stands out as a viable option for those looking to expand their global reach and secure a foothold in the European Union. Staying informed about the latest program updates and seeking expert advice will be crucial for a successful application.