Photo Erik Hajbel
On July 1, 2024, the Hungarian Golden Visa investor program was launched, which allows investors to apply for a residence permit in Hungary for investment for 10 years (with an extension for another 10 years). Many were waiting for Hungarian real estate funds to receive licenses and accreditation from the Central Bank of Hungary and other government agencies. In October 2024, the first Hungarian investment funds received a license, and investors can now start investing and applying for a residence permit in Hungary under the Golden Visa.
Investment in a Hungarian real estate fund for 250,000 euros
The first option of the Hungarian residence permit investment program for investment involves an investment of 250,000 euros in a Hungarian real estate fund. A Hungarian real estate fund must be registered with the Hungarian National Bank (MNB) and have a special license to participate in the program.
The Hungarian Guest Investor Program, a residence permit for investment in Hungary, was launched on July 1, 2024, and from that moment on, investors could apply for a D visa only by promising to invest. However, it is now possible to complete the investment process and invest in one of the first Hungarian real estate funds. Investors can invest and apply for a Hungarian residence permit for themselves and their families.
Currently, several more Hungarian real estate fund managers are under review and in the process of obtaining licenses. New licenses are expected to be approved in late 2024 and early 2025, which will provide investors with even more investment opportunities.
Benefits of the Hungarian Golden Visa
The Hungarian Golden Visa, also known as the Hungarian Guest Investor Program, is considered one of the most attractive investment programs in the European Union. A residence permit in Hungary for investment provides an opportunity to obtain a residence permit for 10 years for investors and their families (with an extension of the residence permit for another 10 years), and the paperwork takes a short time: a residence permit for investment in Hungary can be obtained in just a few months, which is a significant advantage compared to other EU programs, where the wait can be up to 18-24 months.
The main advantages of the Hungarian residence permit program for investment:
- Hungarian residency provides you with visa-free access to EU countries and the Schengen zone
- You will be able to open bank accounts in international Hungarian, European and Swiss banks
- You will be able to unfreeze your assets in the European Union
- There are no requirements for residency in the country
- Your children will be able to study in the best international British, American, and Hungarian schools, as well as in the best universities in Hungary. Hungarian universities are annually included in the top 1,000 best universities in the world.
- Hungary is one of the safest countries in the world
- You will be able to scale your business and open new markets. Hungary is a great place to register a company and set up a European headquarters, thanks to its central location in Europe and convenient transport links.
And Hungary has one of the lowest corporate taxes – only 9%! - Hungary offers a high quality of life at prices not exceeding Western European ones. Holders of the new Hungarian residence permit can work and do business in Hungary without restrictions.
How to apply for a Golden visa by investment in Hungary?
To obtain a 10-year residence permit in Hungary, you can choose one of three types of investment (read more on our website here). At the moment, only the first and third options are available – an investment in a Hungarian real estate fund in the amount of 250,000 euros or a donation of 1,000,000 euros to a Hungarian educational institution.
The first step in applying for a Hungarian Golden Visa is to carefully prepare all the necessary documents.
You can contact us, the Hungarian consulting company IST Hungary, and get detailed advice on the design and support of the Hungarian residence permit program for investment.
Our contacts:
📲 Phone: +36205977777
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📧 E-mail: business@isthungary.hu
🌐 Our website: https://isthungary.hu/
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