What are the Hungarian Residency Program’s key requirements?

To apply for a Hungarian temporary residence permit, applicants must meet specific requirements. Applicants must:

• Pass due diligence and background checks conducted at different stages of the application process.
• Show evidence that they possess sufficient funds to support themselves and their family members (if applicable). A minimum of €27,000 is required for the primary applicant, and €16,000 for each dependents.
• Be willing and able to provide information confirming the legitimate origins of their wealth.
• Obtain authorization from the competent authorities to purchase residential property in Hungary with a minimum value of ~€150,000 (HUF 56,000,000), based on prevailing market rates for program-eligible properties.
• Qualifying properties must  meet particular criteria, such as being completed and residential, with at least 6 sq. m of living area per person (excluding non-living spaces like corridors, bathrooms and the kitchen).
• Prove that they have the financial resources to buy residential property in Hungary.
• Complete the full purchase of the property within 90 days of receiving their Hungarian ID card.