The Hungary Golden Visa program, officially the Guest Investor Programme, offers non-EU investors the opportunity to reside, work, and study in Hungary through a minimum investment of EUR 250,000 in units of an approved investment fund holding at least 40% of its net asset value in Hungarian residential properties, or a EUR 1,000,000 donation. The process has two steps: the main investor first obtains a Guest Investor Visa and then applies for the Guest Investor Residence Permit. The Investment Fund option is not available to Ukrainian and American nationals.
Hungary Golden Visa Program
Hungary Golden Visa Program overview
Hungary Golden Visa Program benefits
- Hungary is an EU Member State and part of the Schengen area
- Residency permit valid for 10 years, renewable for a further 10 years
- Right to live, work, and study in Hungary
- Right to travel within the Schengen area visa-free for 90 days in any 180-day rolling period
- Dependents included: legally married spouse, minor children, and dependent parents
- Potential pathways to permanent residence and citizenship, subject to conditions including substantial physical presence in Hungary and knowledge of the Hungarian language and constitution
- No physical residency requirement
- Tax liability only arises on effective residency. In that case, worldwide income is taxed at 15%
- Hungary allows dual citizenship
Hungary Golden Visa Program requirements
- Non-Hungarian and non-EEA citizen
- Make a qualifying investment
- Hold the investment for at least 5 years. A same or similar investment must remain in place to renew the residence permit
- Proof of accommodation at the time of applying
- Proof of health insurance with a minimum validity of 6 to 12 months, required at the time of applying or renewing
- The Investment Fund option is not available to Ukrainian and American nationals
Hungary Golden Visa Program investment options
- Option 1: EUR 250,000 worth of units in an approved investment fund regulated by the Hungarian National Bank that has at least 40% of its net asset value in Hungarian residential properties
- Option 2: EUR 1,000,000 donation to a specific higher education or cultural institution to support educational, scientific research, or artistic creation
Hungary Golden Visa Program application process
Process (4 to 6 months)
- Due diligence and documents collection for the visa application and securities account opening (approximately 1 month)
- Submit the Guest Investor Visa application of the main applicant at the nearest Hungarian Consulate. Attend the Consulate in person for biometrics and obtain the visa (approximately 1 month)
- Main applicant enters Hungary and has a maximum of 3 months from visa issuance to make the qualifying investment
- Apply for the residence permit within 6 months of visa issuance for the whole family. In parallel, family members obtain a travel visa to visit Hungary, and the investor and dependents visit the immigration authority in Budapest
- Issuance of Residency Cards (approximately 2 months)
Frequently asked questions
What are the benefits of the Hungary Golden Visa?
Hungary is an EU Member State within the Schengen Area. Visa holders have the right to live, work, and study in Hungary, and the right to travel within the Schengen Area visa-free for 90 days in any 180-day rolling period.
Can the applicant's family benefit from the Hungary Golden Visa?
Yes. The legally married spouse, minor children, and dependent parents may also apply for residence permits.
How long is the Hungary Golden Visa residence permit valid?
The residence permit is issued for 10 years. There is a 5-year holding period during which the investor must maintain the investment. The same or a similar investment must remain in place at the time of renewal. After the initial 10 years, the residence permit can be renewed for another 10 years if the investment remains in place.
Is there a language requirement for the Hungary Golden Visa?
No, there is no language requirement to apply for or renew the Hungary Golden Visa.
Is there a physical residency requirement for the Hungary Golden Visa?
No, there are no physical residency requirements to apply for, maintain, or renew the Hungary Golden Visa.
What are the investment options for the Hungary Golden Visa?
Option 1 is EUR 250,000 worth of units in a qualifying investment fund that has at least 40% of its net asset value in Hungarian residential properties. Option 2 is a EUR 1,000,000 donation to a specific higher education or cultural institution for the purpose of supporting educational, scientific research, or artistic creation. Proof of health insurance with a minimum validity of 6 to 12 months is required at the time of applying or renewing.
Do applicants need to visit Hungary for the Hungary Golden Visa?
Yes. A visit to Hungary is required at least once for the main applicant and dependents. The main applicant must visit after obtaining the Guest Investor Visa to open a securities account and make the investment. The main applicant and family members must also visit Hungary to attend the immigration authorities and apply for residency permits.
Can the investor make additional investments in Hungary?
Yes. The investor is free to make additional investments or other acquisitions beyond the qualifying investment.
Can Hungary Golden Visa holders apply for permanent residence and citizenship?
The program is a potential pathway to Hungarian permanent residence after 3 continuous years in Hungary, subject to conditions including less than 4 months outside Hungary each year and less than 270 days outside Hungary in aggregate over the past 3 years, a written cultural exam in Hungarian, long-term accommodation, adequate livelihood, health insurance, integration into Hungary's best interests, and no criminal record.
Hungarian citizenship may then be pursued after 8 additional continuous years following permanent residence, subject to no criminal record, means to live in Hungary, long-term accommodation, adequate livelihood, health insurance, not being a threat to public order or national security, and an exam in Hungarian language and knowledge of the Hungarian Constitution. These requirements are not included in the residency program itself.
Does Hungary allow dual citizenship?
Yes, Hungary allows dual citizenship.
Hungary Golden Visa Program
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