Recently Hungary introduced its new Golden Visa initiative, named the Guest Investor Program. It is anticipated that the Hungarian authorities will start accepting applications for this program starting from July 1, 2024.
Hungary's Guest Investor Program is designed to attract foreign investment, offering a tangible pathway to long-term residency and the potential for citizenship to international investors.
Below are the main investment criteria and program features:
Key benefits
- Right to permanently reside in Hungary
- Visa-free Schengen assess
- Engage in business activities in Hungary
- Serve as an executive officer in a company
- Work in Hungary
- No minimum physical presence after the 10 year Residency Permit is granted
- Can apply for Hungarian citizenship after eight years of living in Hungary, subject to conditions
Family Eligibility
Immediate family members are eligible for residency under the main applicant's investment: spouse and minor children
Main requirements
- Applicants must prove that the source of funds for the investment is legitimate
- Have health insurance
- A clean police record
- Be of good standing
Investment options
- Investment in a real estate fund registered with the National Bank of Hungary - minimum €250,000
- Purchase of a residential property in Hungary, with property's value at least €500,000
- Contributing a monetary donation of no less than €1,000,000 to a higher education institution
Timeline
