The Hungary Guest Investor Visa program, also known as the Golden Visa program, was introduced in the new immigration law effective as of January 1, 2024. Authorities are implementing the necessary changes and working out regulations to start processing applications in the summer.
The issuance of Guest Investor Visas will be subject to a cap, and applications will be processed on a first-come, first-served basis.
Foreign investors wishing to participate in the Hungary residency by investment program are advised to already start preparing the required documents. This way, they can apply as soon as the program is officially launched, which increases the chances of their application being reviewed before the quotas are filled. Apply now to ensure timely document submission and secure a quota slot.
Participation conditions. The Guest Investor residence permit is available to non-EU and non-EEA nationals and their close family — a spouse and dependent children.
To qualify, candidates must invest in one of the following options:
- purchasing real estate fund units for a minimum of €250,000;
- buying residential property for €500,000 or more;
- donating at least €1,000,000 to a Hungarian institution of higher learning.
Stages of acquiring a Hungary Golden Visa. Obtaining Hungarian residency by investment will involve several steps:
- Getting a Guest Investor Visa. This is a long-term visa which allows the applicant to enter Hungary and apply for residency. To qualify for a visa, applicants must demonstrate investment intent, verify fund legitimacy, and prove adequate living means.
- Travelling to Hungary to submit biometrics and apply for a residence permit.
- Making an investment. An applicant has to invest in the chosen option within 93 days from first entering Hungary with the Guest Investor Visa.
- Getting a Hungarian residency card for 10 years. Upon expiration, the status can be extended for the same period.
The Hungarian regulations do not require Golden Visa holders to move to the country to maintain their status. The main condition is to keep the investments for at least 5 years. After this period, the investor can sell the assets and return the invested funds.