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Hungary Introduces Changes to the Golden Visa Program

Brittany Collins

The forthcoming Hungary Golden Visa program is set to launch on July 1st, 2024. As authorities finalise preparations, new requirements have been announced, primarily affecting the Guest Investor Visa and the real estate investment option.

Hungary Introduces Changes to the Golden Visa Program

Hungary Introduces Changes to the Golden Visa Program

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The Guest Investor Visa Updates

The Guest Investor Visa is a national visa that enables candidates for Hungarian residency by investment to enter Hungary, fulfil the investment condition, and apply for a residence permit.

This visa is required for all participants of the Hungary Golden Visa program, except for those from countries that have a visa-waiver agreement with Hungary.

The previous guidelines assumed that the Guest Investor Visa will be issued for up to two years, providing candidates with ample time to make their investments.

The new regulations have shortened the visa validity period to six months. As previously, investors will have 93 days from the first entry to Hungary with the visa to make the investment and apply for residency.

Changes in Real Estate Purchase Option

This article described a proposed real estate purchase option before later programme changes. The direct residential property purchase route was removed before it became active and should not be presented as a current qualifying investment.

Hungary Golden Visa Conditions at a Glance

For current requirements, see the Hungary Golden Visa guide. Current official guidance lists two qualifying routes:

  • invest in qualifying real estate fund units for a minimum of EUR 250,000;

  • make a financial donation of EUR 1,000,000 to an eligible higher education institution.

Residence permits may be issued for up to 10 years and may be extended once for up to another 10 years if legal conditions continue to be met.

About the authors

Written by Brittany Collins

Head of Legal Department

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