Hungary, located in Central Europe, has a high standard of living and is an important economic and cultural center. It is one of the top tourist destinations in Europe and its capital Budapest is regarded as one of the most beautiful cities in the world.
Hungary is a member of OECD, NATO, EU and the Schengen Convention. Hungary’s Residence Program allow individuals, along with their family members, to obtain residency in the European country by making an investment in local real estate market.
Key benefits
- Global mobility and visa-free travel within the EU and Schengen area.
- Efficient application process with the possibility to reduce the number of trips and perform necessary submissions overseas.
- Possibility to include dependent children and parents.
- No physical presence requirement, but min one visit to Hungary is recommended when the visa/residency card is received.
- Low cost of living and high levels of safety in the country.
- Hungary is a member of the Schengen Zone, the European Union and NATO.
- Rich in history and culture.
- Easily accessible from various parts of the world.
- Time to the approval of Residency: 1-2 months.
- Residence card is issued for 5 years (Main applicant) and 3 years (dependents), renewable thereafter.
Mobility:
Hungary is a member of the European Union, offering residents many advantages, including free movement throughout the EU.
Investment options
Real estate investment of min €155,000.
The property must be fully paid within 90 days as of initial residence approval.
The property must be in Budapest, fully finished and for residential use only. Min. 6 sqm per person (bedrooms and living room counted).
The original property can be sold or changed but investors must ensure that the investment requirements are maintained, or the residence will be revoked.
The property cannot be rented out.
Main requirements
- Main applicant be at least 18 years of age
- Demonstrate to have sufficient financial means
- Purchase and hold a property in Budapest
- Have a clean criminal record
- Hold a health insurance
Timeframe
Residency approx. 2,5 months after submitting application.
