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The New Hungary Golden Visa Program Officially Launched on July 1st

Brittany Collins

On July 1, 2024, Hungary officially began accepting applications for its highly anticipated Golden Visa program. Announced in late 2023, this program allows foreign investors to secure a 10-year residency by making a substantial investment in the Hungarian economy.

The New Hungary Golden Visa Program Officially Launched on July 1st

The New Hungary Golden Visa Program Officially Launched on July 1st

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Regulations on the Hungary Golden Visa, officially called the Guest Investor Residence Permit, were published in the updated Immigration Law of Hungary. For current requirements, see the Hungary Golden Visa guide.

Who Qualifies for the Hungary Golden Visa

The Hungary Golden Visa is available to applicants who meet the following criteria:

  • non-EU and non-EEA citizens;

  • over 18 years old;

  • have a legitimate source of income;

  • purchase health insurance.

The main applicant can include their family members in the application, including a spouse, children under 18, and dependent parents.

Where to invest to qualify for the Hungary Golden Visa

Current official guidance lists two qualifying routes: a real estate fund share of at least EUR 250,000 issued by a qualifying Hungarian real estate fund, or a financial donation of at least EUR 1,000,000 to an eligible higher education institution maintained by a public trust with a public-service mission.

The direct residential property purchase route should not be presented as active.

How to acquire a Hungary Golden Visa

The application sequence includes document preparation, Guest Investor Visa or visa-free entry where applicable, residence-permit filing in Hungary, investment proof, biometrics and authority review.

After legal entry, the residence permit application must be submitted within 30 days. Proof that the undertaken investment has been completed is provided within the Guest Investor Visa validity period or, for visa-free Annex II nationals, within 6 months from first legal entry.

The Hungary Golden Visa guide is the current evergreen source for requirements.

About the authors

Written by Brittany Collins

Head of Legal Department

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