We are happy to inform you that the Hungarian Guest Investor Residency Permit aka the Hungarian Golden VISA Program is now accepting applicants for the real estate fund option (EUR 250 000).
We would like to draw your attention to the fact that, despite all this, there is still no fund manager (and real estate fund) that has been approved. We will have to wait for that. We work with many excellent fund managers, so we are happy to provide information about their approval in the near future.
PREMIUM SCHENGEN VISA
Hungary is a full member of the European Union, and the residence permit issued by Hungarian authorities is valid throughout the entire Schengen Area. This zone comprises 27 European countries that have eliminated passport checks and other forms of border control at their shared borders.
WHAT ARE THE RULES?
Hungary offers a unique 10+10-year Investor Residence Permit to all third-country nationals under the following conditions:
a. Invest a minimum of EUR 250,000 in a real estate fund registered with the Central Bank of Hungary (registration of the funds is still underway).
b. Purchase a residential property in Hungary worth at least EUR 500,000 (this option will be available starting January 2025).
c. Make a donation of at least EUR 1 million to a Hungarian college or university supported by a public charity foundation.
For options (a) and (b), the investment must be maintained by the investor for a minimum of 5 years.
MAIN ADVANTAGES
There is no requirement for the investor to stay in Hungary.
Other family members (minor children and wife) of the investor are also eligible for Residence Permit for the same period.
After its expiration the Investor Residence Permit can be renewed for further 10 years.
If the Investor Residence Permit holders spend 3 years continuously in Hungary, they will be eligible for Permanent Residence Permit.
The above investments can generate income in the form of certificate yield or real estate rent.
REQUIRED STEPS
1. Submission of the Investor Visa application
2. Getting the Investor Visa for 6 months
3. Visiting Hungary
4. Completion of the investment within 3 months
5. Submission of the Investor Residence application
6. Getting the Investor Residence Permit for 10 years.
How Can we Help?
At Business Magnet, we focus on making the process of obtaining European residency easier for you. Our team of experts will guide you through the different options available, offering a tailored journey that matches your goals and professional services including:
Legal, tax and financial assistance with more than 30 years of expertise throughout the whole process
Real estate agency and fund services
Representation in the course of investment, immigration and administrative procedures
Corporate and accounting services
Multilingual, prompt administration with dedicated contact person.
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