The appealing new choice: Hungary Golden Visa
Real estate investment has reached unprecedented value in the current market.
From 2024 onwards, investing in Hungary opens the door for investors and their families to secure Hungarian residency for an extended duration of 10 years, offering them seamless, visa-free access to the EU and Schengen zones.
There are three investment avenues available for interested parties:
- Real Estate Fund: A fully refundable investment of EUR 250,000 with a commitment period of 5 years.
- Residential Property: Purchase a property worth at least EUR 500,000, to be maintained for a minimum of 5 years.
- Charitable Donation: Make a contribution of EUR 1 million to support education, scientific research, or the arts.
Why consider the HUNGARY GOLDEN VISA program?
The Hungarian Golden Visa, or the "Guest Investor Residence Permit" as it's officially termed, offers a decade-long residency permit, renewable for life. This program affords investors and their families the liberty to travel visa-free within the EU Schengen zone and live in Hungary without any minimum stay requirements. Moreover, non-residents face no tax obligations. The visa does not automatically create tax residency, unless the investors actually stay over 183 days per year in Hungary. Applications are usually approved within a 4 to 8 week period.
Securing the Hungarian Golden Visa through Real Estate Investment:
Ensure you provide a legally vetted sale and purchase contract for a residential property worth at least EUR 500,000. The property must be located within Hungary's borders and duly registered in the Hungarian Land Registry by its specific parcel identification or topographical lot number, clear of any legal and financial encumbrances.
There are many questions regarding this, such as whether it is possible to buy one or multiple properties.
