Recent golden visa in Hungary

With effect of 1st July 2024, Hungary introduced new golden visa rules that opens the possibility for citizens of countries outside the European Union to obtain a long-term residence permit if they make a suitable investment. Below is a summary of the most relevant provisions of the new rules. 

Which investments can I choose to obtain a residence permit?

Acquisition and holding for at least 5 years of investment bonds issued by a real estate fund registered by the Hungarian National Bank, with a minimum amount of EUR 250 000.

The bond must be issued by a real estate fund whose net asset value is at least 40% of investments in residential real estate in Hungary and the fund manager holds at least a simplified site security certificate or is included in the list of operators meeting the security requirements.

Acquisition of ownership of a residential property with a value of at least EUR 500 000. The property must be free of charges, encumbrances and claims and must be located in Hungary.

A prohibition of alienation and encumbrance must be registered in favor of the Hungarian State for a period of 5 years from the date of conclusion of the purchase contract, as the property cannot be sold for 5 years.

The immigration office shall appoint an expert to determine the market value of the property.

Support an educational, scientific, research or artistic activity by making a financial donation of at least EUR 1 000 000 to a Hungarian university run by a public foundation.

In case of non-EUR investments, the investment will be considered in EUR at the exchange rate published by the Hungarian National Bank on the date of the investment.

Proof of the investment must be provided within 3 months of the date of entry into the territory of Hungary. The application for a residence permit for foreign investors must be submitted to the aliens’ registration authority within 93 days after the first entry into the territory of Hungary and the realization of the investment.

What is the residence permit for and what are the conditions for obtaining it?

What is required to obtain a GUEST Investor Visa?

The Guest Investor Visa entitles to multiple entry and to stay for more than 90 days within 180 days and to apply for the Guest Investor Residence Permit. The visa is valid for a maximum period of 2 years. The visa expires upon issuance of the residence permit. The official fee for applying for a visa is EUR 110.

The Guest Investor Visa is issued to applicants who:

The visa application must be accompanied by: