Golden VisasHungary Golden Visa News: Application accepted from 1 July 24

June 7, 2024by Georgea Rios0

The Hungarian Golden Visa, previously known as the Hungarian Investor Residency Bond Program, was launched in 2013 to attract foreign investment by offering residency permits. In 2023, the program was relaunched as the Guest Investor Visa, re adjusting the eligibility criteria for applicants who wish to qualify. The scheme guarantees a 20-year residence permit, allowing holders visa-free access to the Schengen area, a high-level health care, quality educational system, and a pathway to European citizenship.

Hungary Golden Visa News

Hungarian Golden Visa Requirements

As of 2024, non-EU citizens seeking such this European residence permit may qualify by:

  • Investing at least € 250,000 in eligible real estate funds in Hungary; or
  • Investing  at least  € 500,000 in eligible real estate residential projects Hungary; or
  • Donating  € 1,000,000 to a public trust in Hungary.

That said, the Hungarian Golden Visa is predicted to start accepting applications from the 1st of July, 2024. However, even before it has officially opened, the government has already released amendments to the regulation.

On the 11th of May 2024, the visa requirements have been updated by 3 main changes:

Amendments in the application process to acquire the Guest Investor Visa

Once acquiring an European Golden Visa, it is more than essential to be aware of the step by step of the process, understanding the entirety of the process of which your legal provider and consultant will guide you through, until the desired residence card is finally in your hands. Now, investors  will first need to apply for a ‘Guest Investor Visa’, in order to travel to Hungary and complete the respective investment or donation.

Under the new updates to the golden visa requirements, investors have up to 6 months to travel to Hungary and make their investment, once the ‘Guest Investor Visa’ has been granted.

Hungary Golden Visa Real Estate Eligible Projects

According to the recent updates, eligible real estate projects for the Hungarian Golden Visa can only be acquired from the 1st of July, 2025. Any property purchase made before this date will not count for the residence permit purpose. In this case, only applicants who are willing to invest in real estate funds or make a donation can apply for the Golden Visa from 2024, those seeking exclusively real estate purchase must need another year to qualify.

Funds Investment Requirements for the Hungarian Golden Visa Program

Under the recent amendment to the program, there is a list of specific real estate fund managers permitted to participate. The ‘Constitution Protection Office’ maintains the list, and fund managers who wish to be included may apply for further national security examinations.

Hungary Golden Visa News

Benefits of the Hungary Golden Visa Program

  • Visa-free access to the Schengen area;
  • Pathway to European Citizenship;
  • 20-year residence permit;
  • No minimum stay requirements;
  • No tax obligations for non-residents;
  • Applications typically approved within 4-8 weeks.

How to decide which Golden Visa to invest in?

Those seeking an European Golden Visa must review all available eligible options as the Hungarian is one of many European countries with attractive investment opportunities. The first step to efficiently evaluating your options is to speak with a consultant in the field who will provide an up-to-date overview of the current programs and their eligible portfolio of investment. The reality is that residency programs change throughout their lifetime span and are subject to governmental alterations, as seen with the Portuguese Golden Visa changes in 2023, for example. In this matter, being in touch with a team of experts actively involved in the industry and understanding the importance of a tailored and personalized evaluation is the core to a successful, hussle-free golden visa acquisition.

At Lincoln Global Partners, we value understanding each scenario, budget, desired return on investment (ROI) and, most importantly, what can easily provide our clients and their families with the freedom of movement and quality of life.

Contact us below for more information and book your free consultation.

Contact us right now for a free consultation.

Georgea Rios

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