Hungary Guest Investor Residence Permit
Hungary’s Guest Investor Residence Permit, also known as the Hungary Golden Visa aims to attract significant foreign investment to bolster the national economy. This new programme provides a legal pathway for third country nationals to obtain Hungarian residence permits through investments. The legal framework for the programme is established through amendments to existing laws and new government decrees. Legislation T/6079/12 forms the basis of the programme. The Guest Investor Residence Permit gives residence to investors and includes family members. The permit is valid for 10 years, after which it can be extended by another 10 years, marking the first step to permanent residence and citizenship. There are no minimum stay requirements and permit holders have the right to live, work and study in Hungary.
Benefits
- No Minimum Stay Requirements
- Schengen Mobility
- Right to live, work and study in Hungary
- Family Members Included
Investment Value
There are two options for investors. These include the following:
Real Estate Investment Fund
Investors can opt to invest a minimum of €250,000 in a real estate fund regulated by Hungary’s National Bank. At least 40% of the fund must be invested in residential real estate in Hungary. Real estate funds can only be operated by licensed managers working under the pre-established investment policy. Such funds are professionally managed and may offer yearly profit distributions. Investors can divest after five years, giving the option to sell. To extend the residence permit for the second 10 year period, the fund investment must be held at the time of renewal.
Financial Donation
A donation of €1 million to a higher education institution run by a Hungarian public trust foundation is the second possible pathway to permanent residency through the programme.
Procedure & Timeline
4-6 WEEKS
Main applicant applies for the Guest Investor Visa to travel to Hungary to make the investment.
A visit to the Hungarian Consulate in his/her country is required.
1 DAY
Travel to Hungary to meet and open the account with the real estate fund distributor if required.
UP TO 3 MONTHS
Main applicant is required to make the investment in a real estate fund (€250,000) or a donation (€1,000,000).
Investment must be completed within 90 days from the first arrival date in Hungary.
21-30 DAYS
Submit the residence permit application, including family dependants, to the Hungarian Authorities. The main applicant and dependants must travel to Hungary to take their biometric data.
7-14 DAYS
Residence Cards are issued to the investor and family members. The residence permit is valid for 10 years. It can be renewed for a further 10 years provided the investment is held at the time of renewal.
1 MONTH
Residency Card Issued
- Valid for 5 years
