The official name of Hungary’s relaunched investment program is the ‘Guest Investor Residence Permit,’ also known as the Hungary Golden Visa Program.
The investment thresholds are designed to cater to a wide range of investment capacities, including:
- A minimum investment of €250,000 in certificates of real estate funds, offering a strategic pathway into Hungary’s burgeoning real estate market.
- For those interested in direct property ownership, an investment starting from €500,000 in residential real estate is required, providing a tangible asset and a foothold in Hungary.
- A significant contribution of €1,000,000 or more through donations to higher education institutions in Hungary, fostering educational excellence and supporting the next generation of scholars.
The benefits of acquiring a Hungarian residence permit extend far beyond the right to reside in the country. Permit holders are entitled to visa-free travel across the Schengen Area, allowing for ease of movement across numerous European countries.
Additionally, investors gain the ability to open accounts with international banks, facilitating global financial transactions. Looking ahead, these investors can also aspire to permanent residency and, ultimately, Hungarian citizenship, subject to meeting the necessary criteria.
Families need not be separated by borders; investors have the privilege of including their spouses and minor children in their relocation plans, ensuring that families can embark on their new European life together.
The process begins with the acquisition of a Guest Investor visa, valid for up to two years. This visa not only serves as a preliminary step towards establishing residency but also grants the applicant the right to submit for a residence permit. Notably, the residence permit is issued for an extended period of ten years, with the possibility of renewal for equivalent durations.
For prospective investors, navigating the complexities of investment and immigration procedures can be daunting. Hence, consulting with experts specialising in investment programs is highly recommended.
