First statistics shared by Hungary demonstrate the high popularity of the program among foreign investors. By September 30, 2024, over 100 investors applied for Hungarian residency, and 11 had already obtained residence permits.
Such results demonstrate the program’s growing appeal among international investors.
Two pathways are currently available to applicants for the Hungary Golden Visa program:
- donation of €1,000,000 or more to higher education;
- purchase of real estate fund units for at least €250,000.
The donation pathway has been available since the program began. However, the donated amount is non-refundable.
The real estate fund option became available on October 29th, 2024, with the approval of the first real estate fund. Currently, the only qualifying fund is the SPRINT Hungary Real Estate Development and Investment Fund. Four additional funds are expected to be approved in early 2025.
The property purchase pathway, expected to draw significant attention, is set to launch on January 1, 2025. This new option will require a €500,000 real estate investment. Properties must be held for at least 5 years.
Hungary introduced the Golden Visa program to attract foreign capital and boost the national economy. Under the program, investors and their families receive a 10 year residence permit, extendable for an additional 10 years. Residency is also granted to the investor’s spouse, dependent children, and dependent parents. Golden Visa holders will not be obliged to live in Hungary or spend time there.
