Why choose Hungary for Residency By Investment in 2024?

While 2023 has seen the closure of various Residency By Investment programs – including Ireland, the UK and soon Portugal – there is some good news: Hungary is launching their brand-new Guest Investor Visa program on 1 January 2024, with a minimum capital requirement of  €250,000,

You can find out more about the benefits of the new Hungarian Golden Visa here.

But in addition, let’s take a look at the benefits of making Hungary your second – or primary – home in 2024:

1. Affordable living costs: Hungary is known for being an affordable country to live in, especially compared to other countries in Europe.  The cost of food, housing, and transportation is generally lower than in many other Western European countries. (Having said that, the country recorded double-digit inflation.)
2. Attractive taxation: Hungary’s corporate tax rate is just 9%, making it a highly attractive destination for company incorporation.
3. Rich culture and history: Hungary has a rich history and culture, with a variety of architectural styles, museums, and annual cultural events to explore. The country is famous for its thermal baths, goulash, and wines.
4. Beautiful scenery: Hungary has a diverse and beautiful landscape, with the Danube River, rolling hills, and the Great Hungarian Plain. There are many opportunities for outdoor activities such as hiking, cycling, and fishing.
5. Central location: Hungary is located in the heart of Europe, making it an ideal location as a distribution hub, and for travel to other parts of the continent. It is also a gateway to Eastern Europe, with easy access to countries such as Romania, Serbia, and Croatia. Flight connectivity between Belgrade and the rest of Europe is great, with scores of carriers flying to its Nikola Tesla Airport on a daily basis.
6. Quality education: Hungary has a strong tradition of education, with many excellent universities and schools. The country is particularly well-known for its programs in science, engineering, and medicine.
7. Welcoming atmosphere: Hungary is a friendly and welcoming country, with a rich tradition of hospitality. The people are generally open and helpful, making it easy to settle into life in Hungary. English is widely spoken (especially in the Capital, Budapest).
8. Traditional values: Civilizational cycles analyst Daniel Hood refers to Hungary as a “biblical safe zone” – a place in which the Christian religion, the nuclear family structure, and conservative societal values provide refuge against the problematic manifestations of neoliberal ideology as observed across many Western Countries.In fact, it is for this reason that conservative American journalist and author Rod Dreher has made Budapest his home. In addition, he is on record as saying that he’d like to introduce Hungary to as many American conservatives as possible.

The bottomline – overall, Hungary offers a high quality of life at an affordable price, making it an attractive destination for both tourists, expats and migrant investors.