Documents to prove the investment
The Hungary Golden Visa program offers three investment options, including purchasing real estate fund units, buying residential property, and making a charitable donation. Depending on the chosen option, the applicant is required to provide supporting documents confirming that the investment was duly made.
A share certificate should be attached to applications for a Golden Visa by purchase of real estate fund units. The document must be issued under the applicant’s name by the real estate fund manager registered with the Hungarian National Bank or by the distributor of the investment fund share.
The certificate must have a 5-year maturity period and demonstrate a share of €250,000 or more.
At least 40% of the fund’s net asset value must account for investments in residential real estate in Hungary. Additionally, the real estate fund manager must either have a simplified site security certificate or be listed in the register under Act XXX of 2016 on Defence and Security Procurement.
A purchase and sale contract, countersigned by a lawyer, is submitted when applying for residency by real estate investment. The contract must prove the purchase of a residential property located in Hungary and costing at least €500,000. A specially assigned forensic real estate expert will estimate the purchase price indicated in the application to identify any significant discrepancies with the actual market price of the property.
The property must also be registered in the Land Registry of Hungary and be free of all liens, claims, and encumbrances. After buying the property, the applicant must additionally register a prohibition on alienation and encumbrance for five years from the date of the contract conclusion.
A certificate from an institution of higher learning is provided to prove a non-charitable donation. The qualifying institution should be maintained by a public trust with a public-service mission. The certificate must confirm the financial donation of €1,000,000 for the support of educational, scientific research, or artistic creation activities.
Confirming accommodation in Hungary
One of the eligibility conditions for the Hungary Golden Visa is to have housing suitable for habitation. Applicants choosing investment options other than real estate purchase must provide additional documents to prove accommodation.
Property can either be owned or rented, which is confirmed by one of the following documents:
- a residential lease contract;
- a document on accommodation by courtesy;
- a document in proof of ownership of the residential property;
- a document in proof of the reservation of accommodation and payment for it.
The law does not specify any requirements to the property’s size or location. This means that the applicant can choose real estate in any part of Hungary, according to their desire and opportunities.
