The Hungary Golden Visa offers a practical solution for non-EU citizens seeking European residency. Designed to attract investors, this program enables applicants to live, travel, and eventually establish long-term roots in Europe. Its efficient process, combined with Hungary’s central location, makes it an attractive option for high-net-worth individuals.
Zlata Erlach, Head of the Austrian Office and Caribbean Investment Programs Expert at Immigrant Invest, highlights that the Hungary Golden Visa is among the easiest residence permits to obtain for those seeking efficient entry into the European Union.
European Golden Visa Overview
Golden Visas provide residency by investment. Across Europe, Golden Visa programs are popular among investors. These programs grant residency in exchange for investments in the host country, such as real estate fund units or donation. Options like the Portuguese and Spanish Golden Visas offer a gateway to EU residency, with Hungary standing out for its investor-friendly policies.
Hungary Golden Visa is distinct. Unlike other countries, Hungary residency by investment program focuses on financial efficiency and a streamlined process. This is ideal for individuals who value simplicity and lower costs compared to other Golden Visa destinations.
Residence by Investment in Hungary offers flexibility and significant advantages to investors and their families.
11 Benefits of Hungary Golden Visa Program in Europe
- Visa-free travel within the Schengen Area. Hungary’s Golden Visa grants access to 29 countries in the Schengen Area, ideal for frequent business or leisure travelers.
- Residency with no strict stay requirements. The program allows flexibility, as applicants are not required to live in Hungary full-time. This suits individuals managing international businesses.
- A cost-efficient investment option. Hungary’s Golden Visa is more affordable than many other European programs, making it a practical choice for investors.
- Pathway to permanent residency and citizenship. Residency can evolve into permanent residency or citizenship, provided applicants meet the necessary conditions.
- Family inclusivity. Spouses and dependent children can be included in the application, allowing families to relocate together.
- No language proficiency requirements. Unlike some programs, Hungary does not require applicants to learn Hungarian or prove language skills to obtain or maintain residency.
- Minimal bureaucracy. The application process is straightforward and efficient, with fewer administrative hurdles compared to other European Golden Visa programs.
- Low living costs. Hungary offers one of the most affordable living standards in Europe, making it a cost-effective place for residency and long-term living.
- Central location in Europe. Hungary’s position provides excellent access to major European capitals and markets, enhancing its appeal for business professionals.
- No taxation on foreign income. Hungary does not tax worldwide income for non-domiciled residents, making it a favourable choice for global investors.
- High-quality healthcare and education. Residents can access Hungary’s well-regarded healthcare system and affordable private education, ensuring a good quality of life for families.
Hungary Golden Visa Options and Requirements
Investment in funds or donation. Hungary Golden Visa program in Europe primarily revolves around investments in approved financial instruments. The key options are:
- Purchase of real estate fund units — €500,000;
- Donation to an institution of higher learning — €1,000,000.
Eligibility criteria. To apply for a Hungarian residence permit by investment, applicants must meet certain criteria. These typically include:
- Proof of financial resources. Applicants must demonstrate their ability to make the required investment.
- Clean criminal record. Applicants should not have any significant criminal history.
- Health insurance. Applicants must have valid health insurance coverage in Hungary.
Dependents can apply too. Immediate family members, including spouses children under 25 and financially dependent parents, may also qualify under the primary applicant’s investment. This makes the program suitable for families looking to relocate together.
How to Obtain Residence by Investment in Hungary
Follow these steps to secure Hungarian residency:
- Preliminary Due Diligence. Ensure eligibility by reviewing investment options and legal requirements with professional advisors.
- Choose an approved investment. Select an option such as government-approved funds or donation.
- Submit the application. Prepare all required documents, including proof of funds, personal identification, and clean criminal records.
- Invest in Hungary. Complete the financial transaction and submit evidence to Hungarian authorities.
- Receive the residence permit. Once approved, the permit is issued, granting full residency rights.
Professional guidance is essential. Working with experienced advisors ensures a smooth application process and compliance with local regulations.
Conclusion
The Hungary Golden Visa is an efficient, cost-effective program for high-net-worth individuals seeking to establish roots in Europe. With benefits like Schengen travel, no strict residency requirements, and family inclusivity, it stands out as a leading choice among residence by investment options.
