Published: November 16 2023
Hungary has recently announced a new golden visa program for investors, offering an attractive opportunity for individuals looking for EU residency and visa-free travel to Schengen countries. This program, known as the "guest investor residence permit," allows investors and their families to obtain residency in Hungary for 10 years.
Investment Options
Investors can choose from three different investment options to qualify for the guest investor residence permit:
- Purchase bonds issued by a real estate fund registered by the Hungarian National Bank (MNB) for EUR 250,000.
- Purchase Hungarian residential real estate worth EUR 500,000.
- Make a donation of EUR 1 million to a designated educational or cultural institution.
Residency Duration and Requirements
Unlike other residency types that are typically granted for shorter durations, the guest investor residence permit remains valid for up to 10 years. Family members who apply based on the same investment also receive residency for a period of 10 years. However, unlike traditional residency permits, guest investors are not required to spend most of their time in Hungary to be eligible for residency extension. As long as they maintain their investment, they can continue to extend their residency.
Benefits of Hungarian Residency
Obtaining Hungarian residency through the golden visa program offers several benefits, including:
- Access to EU residency and visa-free travel to Schengen countries.
- An attractive investment opportunity in a growing economy.
- 10 years of residency for the investor and their family.
Assistance from Helpers Hungary
Helpers Hungary, the most established immigration agency in the country, can assist investors with the application process and provide guidance in various languages, including English, Russian, Arabic, Farsi, and Turkish. Contact Helpers Hungary for more information and to stay informed about new developments regarding the golden visa program.
Questions & Answers
What is the Golden Visa Program in Hungary? The Golden Visa Program in Hungary is a new investment residency program introduced by the Hungarian government, which offers a golden visa option for investors.
What are the investment options for the Golden Visa Program in Hungary? Investors can choose from the following investment options for the Golden Visa Program in Hungary:
- Purchase bonds issued by a real estate fund registered by the Hungarian National Bank (MNB) for EUR 250,000.
- Purchase Hungarian residential real estate for EUR 500,000.
- Make a donation of EUR 1 million to a designated educational or cultural institution.
How long does the residency granted by the Golden Visa Program last in Hungary? The residency granted by the Golden Visa Program in Hungary lasts for 10 years, with no minimum stay requirement.
Does the Golden Visa Program in Hungary also grant residency to family members of the investor? Yes, family members who base their application on the same investment also receive residency for 10 years.
Is there a requirement to spend a certain amount of time in Hungary to maintain the residency granted by the Golden Visa Program? No, unlike other residency types, guest investors under the Golden Visa Program in Hungary do not need to spend most of their time in Hungary to maintain their residency. They remain eligible for the extension of their residency as long as they maintain their investment.
What are the benefits of the Golden Visa Program in Hungary? The Golden Visa Program in Hungary offers several benefits, including:
- Residency in Hungary for 10 years.
- Visa-free travel to the Schengen countries and many more.
- Attractive investment residency option in the EU.
Who can assist with the application for the Golden Visa Program in Hungary? Helpers Hungary is the most established immigration agency in Hungary, with nearly 20 years of experience and a multilingual team. They can assist investors in English, Russian, Arabic, Farsi, Turkish, and many other languages.
