Obtain your Hungarian Golden Visa From Only €250,000. Program Now Live.
Final Draft of the Bill Serving As the Hungarian Golden Visa Program’s Legal Basis
“One thing I can say about Budapest is that, whatever else is happening in Europe with radicals in the street, Islamists on the street causing mayhem, it doesn’t happen here in Budapest… [and we’re now seeing] the vindication of [Viktor] Orbán immigration policy.”
– Rod Dreher, American journalist and author of The Benedict Option.
Looking to obtain the all-new Hungarian Golden Visa by investment in 2024?
Launched on 1 January 2024, the new Hungarian Guest Investor Visa program is set to offer foreign investors a simple, proven path to obtain Hungarian Residency By Investment.
The new program makes provision for the following investment options:
- €250,000: Real Estate Investment Funds (first eligible fund approved in late October, 2024).
- €500,000: Real Estate Acquisition
- €1 million: Non-refundable Public Trust Donations.
The program offers qualifying investors a residency permit that is valid for 10 years – which is unprecedented in the EU Golden Visa market. And in addition, your golden residency permit will be renewable for an additional 10 years – even if you liquidate your investment after the initial mandatory 5-year hold period.
The program won’t require any minimum annual in-country stays. And in addition, the program will be THE cheapest property based Golden Visa option in the EU.
Plus, the program looks set to offer very fast processing (unlike with the Portuguese Golden Visa, which currently sees applicants waiting up to 24 months or longer for biometrics appointments with AIMA (formerly SEF).
Hence, many industry leading experts already believe that Hungary may well become the new market-leading Residency By Investment program in 2024 and beyond.
Let’s look at the expected program benefits below…
Hungary’s New Golden Visa Residency Program: A Global Best-seller in the Making…
UNRIVALLED
AFFORDABILITY
Secure your Hungarian Plan B residency from only €250K excluding fees.
EUROPEAN
MOBILITY
Enjoy visa-free access to the Schengen Area with your family for 90 out of every 180 days.
IMMEDIATE
BOLTHOLE
In a time of wars, instability and pandemics, an EU Golden Visa residency can be a priceless asset.
FAST APPLICATION
PROCESS
It’s expected that you will be able to complete the entire application process within 6-8 weeks.
RESIDENCY
PRE-APPROVAL
Receive residency approval and your family’s ID cards BEFORE committing any capital.
ALL NATIONALITIES
ELIGIBLE
The program is open to all nationalities, including Russians, Belarusians and Iranians.
NO MINIMUM
STAYS
Unlike with the Portugal Golden Visa, Hungary requires no minimum stays (0 days per year).
ULTIMATE POLITICAL
HEDGE
As a new multipolar world order emerges, Hungary is positioning itself pragmatically.
OWN THE
LIFESTYLE
Whether you want to settle there or just have the option to, Hungary oozes old world charm and sophistication.
How does the new Hungarian Golden Visa program compare to other EU Golden Visas?
Key Program Considerations | Hungarian Golden Visa (2024) | Greek Golden Visa (2024) | Latvian Golden Visa (2024) | Italian Golden Visa (2024) | Spanish Golden Visa (2024) |
---|---|---|---|---|---|
Minimum Capital Outlay? | €250,000; €500,000; €1 million | €250,000+, OR; €400,000+, OR; €800,000+) | €250,000+ | €250,000+; €500,000+; €1 million+; €2 million+; |
€500,000+ |
Asset Type? | TBC – Real Estate Funds, Real Estate, Public Benefit Donation | Residential / Commercial Property | Residential / Commercial Property | €250K: Innovative Startup Investment; €500K: Shares or Stocks (including in companies investing in property; €1 million: Public Good Donation; €2 million: Italian Government Bonds |
Residential / Commercial Property |
Typical Application Process Timeline? | TBC – program applications opening expected July 1, 2024. | 2-3 Months | 3-4 months+ | 18-24 months+ | 2-3 Months+ |
Initial Residency Permit Validity? | 10 Years (and renewable for an additional 10 years – without still being invested) | 5 Years | 5 Years (But ID cards annually renewable) | 2 Years | 3 Years |
All Countries Eligible? | Yes | Yes – But T&Cs apply | No | No | Yes – But T&Cs apply |
Additional Savings Requirement? | TBC | No | No | No | No |
Minimum Net Worth Requirement? | TBC | No | No | No | No |
Minimum stay requirement? | No (0 Days Per Year) | No (0 Days Per Year) | No – But annual visits required to renew your ID card (7-14 day process) | 7 Days Per Year (On Average) | No (0 Days Per Year) |
Path To Permanent Residency / Citizenship? | Yes | Yes – but very challenging | Yes – but very challenging | Yes | Yes |
Local employment allowed? | TBC | No | No | Yes | Yes |
Can you rent out your real estate? | Yes (If this option is selected) | Yes | Yes | Yes | Yes |
The Golden Visa Application Process At A Glance…
STEP 1: Get in touch below for a free cost-inclusive quote.
STEP 2: Initial high-level due diligence checks by your service provider
STEP 3: Choose your investment (most of our applicants favor the €250,000 option, as it’s the cheapest and fastest).
STEP 4: Power Of Attorney (POA) issuance. Unless you wish to travel to Hungary, you can grant us a POA to act on your behalf.
STEP 5: Compile all supporting documentation with your dedicated case advisor.
STEP 6: Comprehensive due diligence screening.
STEP 7: We submit your application and await approval.
STEP 8: Receive approval and complete biometrics appointment in Hungary.
STEP 9: You and (all dependent applicants) receive your Hungarian ID cards.
STEP 10: Complete your required Golden Visa investment within 90 days.
Pros and Cons of the new Hungarian Guest Investor Program (2024)
PROS | CONS |
---|---|
Fastest EU Golden Visa processing time expected. | Brand-new Golden Visa program, so initial teething issues might occur. |
Most affordable Golden Visa program (property based) – 2024 investments priced from €250,000 | No clear, simple path to PR and Hungarian citizenship – however, you can renew your temporary residency permit indefinitely for as long as you own the property. |
Exceptionally livable, centrally situated EU country with a relatively low cost of living. | If you wish to buy a property, rather than choose a fund investment, the minimum requirement is €500,000 – NOT €250,000. |
The ultimate Plan B destination – fast access, great lifestyle, and no minimum stay requirements. | Hungary is a landlocked country, so it has no coastline access or seaside beaches. |
Longest (temporary) residence permit validity: 10 years, renewable for an additional 10 years | The Hungarian language (like Greek and Portuguese) is fairly hard to learn, which means that gaining citizenship through eventual naturalization will be challenging. (There’s also the lengthy in-country stays required for naturalization to take into consideration.) |
Why Choose To Work With Us In 2024?
Hungarian Investment Migration Pioneers
We were one of only a handful of licensed agents for the former Hungarian Residency Bond Program.
We speak native Hungarian, and have a deep understanding of the country’s immigration bureaucracy.
Exceptional Service & Affordability
In an industry frequently characterized by hefty fees and lacklustre service, we go the extra mile to surprise and delight our clients.
And in addition, our integrated “in-house” business model passes significant cost savings back to you.