Hungary Residency

Hungary, nestled in Central Europe, offers a vibrant cultural scene, historic significance, and modern amenities like universal healthcare and quality education. Its Residency by Investment Program since 2017 attracts non-EU nationals to invest in real estate for temporary residency, providing access to Europe’s opportunities as an EU and Schengen Area member.

Nestled in the heart of Central Europe, Hungary boasts a vibrant cultural scene, renowned for its artists, folklore, and soothing thermal springs. Positioned at the crossroads of Eastern and Western Europe, Hungary has historically thrived, emerging as a pivotal economic and social hub on the continent. With its rich history and diverse services, including universal healthcare and top-tier education, Hungary beckons both residents and investors alike. The Hungarian Residency by Investment Program, launched in 2017, entices non-EU nationals to obtain temporary residency by investing in real estate projects, offering a gateway to Europe’s opportunities. As a member of the European Union since 2004 and a participant in the Schengen Area since 2007, Hungary stands as a welcoming and accessible gateway to the broader European experience.

Processing Time

• Approximately 2 months to 3 months after the submission of documents for approval

Investment Requirement

• € 155,000 minimum in real estate investment

Key Benefits of a Hungary Golden Visa

• Hungary facilitates global mobility and offers visa-free travel within the EU and Schengen area
• Streamlined application processes enable minimizing trips and conducting submissions overseas efficiently
• Families can include dependent children and parents on their application
• The country boasts a low cost of living and maintains high safety standards
• Hungary holds membership in the Schengen Zone, the European Union, and NATO
• Its rich history and culture make it an attractive destination
• The country is easily accessible from various parts of the world

Golden Visa Requirements

• Investors must invest a minimum of €155,000 in real estate.
• Within 90 days of receiving initial residence approval, investors must fully pay for the chosen property.
• The selected property must be located in Budapest, be fully completed, and designated for residential purposes only.
• The property must provide a minimum of 6 square meters per person, including bedrooms and living rooms.
• Investors are responsible for ensuring that the investment requirements are maintained, even if the original property is sold or altered, to avoid revocation of residence.
• Renting out the property is not permitted.

If you would like to learn more about the Hungary Golden Visa, please don’t hesitate to contact us at Tsavorite as we would love to connect with you.