New Hungary Golden Visa Program Starts in Summer 2024: How to Apply
Brittany Collins
In the summer of 2024, Hungarian authorities will begin accepting applications for a new residency-by-investment program. Applicants will be granted 10-year residence permits by investing more than €250,000.
Discover how to be among the first to obtain a Hungary Golden Visa.
The Hungary Guest Investor Visa program, also known as the Golden Visa, was introduced under the new immigration law effective January 1st, 2024. Authorities are currently implementing necessary changes and finalising regulations to begin processing applications by summer.
Investors are encouraged to start collecting the necessary documents to obtain a residence permit in Hungary through investment. Here’s why it is advisable not to delay:
Participation quotas. Applying early increases an investor’s chances of obtaining status.
Unique opportunity for real estate investment. One way to secure a residence permit in Hungary is by purchasing residential real estate valued at €500,000 or more. This path is becoming more difficult in other EU countries; for example, Greece is raising its minimum investment threshold, and Portugal abolished this option in 2023.
Eligibility сriteria. The Hungary Golden Visa is available to non-EU and non-EEA nationals, including their spouse and dependent children.
To qualify, candidates must invest in one of the following options:
purchase real estate fund units for a minimum of €250,000;
buy residential property for €500,000 or more;
donate at least €1,000,000 to a Hungarian institution of higher learning.
Stages of acquiring a Hungary Golden Visa:
Obtaining a Guest Investor Visa. This long-term visa allows the applicant to enter Hungary and apply for residency. Applicants must verify the legitimacy of their funds and demonstrate adequate means of support.
Travel to Hungary. Applicants must travel to Hungary to submit biometrics and apply for a residence permit.
Investment. Applicants must invest in the chosen option within 93 days of first entering Hungary with the Guest Investor Visa.
Obtaining a Hungarian Residency Card. This card is valid for 10 years and can be extended upon expiration.
Hungarian regulations do not require Golden Visa holders to relocate to maintain their status. The primary condition is keeping the investment for at least five years.
Find out which countries offer the most popular Golden Visas, what the investment options are, the procedures, timeframes, and benefits.
