Express Guide for Hungary Golden Visa 2024
In 2024, Hungary is set to relaunch its Golden Visa program, offering a unique and enticing opportunity for non-EU/EEA investors to gain residence in the heart of Europe. This comprehensive guide delves into the revamped program of hungarian residence by investment, highlighting the myriad of benefits it offers, from seamless travel across the Schengen Area to a straightforward path towards EU citizenship. Discover the key advantages, investment options, and the streamlined application process that make the Hungary Golden Visa a coveted gateway to Europe.
Relaunch of Hungary Golden Visa Program
The Hungary Golden Visa program is set for a relaunch in 2024, offering non-EU and non-EEA investors a chance to obtain a 10-year residence permit. The program introduces three investment options: a €250,000 investment in a local real estate investment fund, a €500,000 real estate purchase, or a €1,000,000 donation to a public trust supporting Hungarian universities and colleges. Initially, investors are granted a two-year Guest Investor Visa, allowing 90 days of stay within a 180-day period, which leads to the 10-year residence permit upon fulfilling the investment condition.
Key Benefits of Hungary Golden Visa
Freedom of Movement: Holders of the Hungarian residence permit can spend up to 90 days within any 180-day period in other Schengen Area countries, offering expansive travel opportunities across Europe.
EU Access: The permit grants the ability to live, work, and study anywhere within the European Union, providing a gateway to the vast resources and opportunities available in the EU.
Quick Processing: The application process for the Hungary Golden Visa is streamlined, with the potential for investors to receive their residence permit cards within just two months.
Risk-Free Investment: The investment necessary for the Golden Visa can be made after receiving the initial Guest Investor Visa, minimizing financial risk to the investor.
No Language Barrier: Applicants are not required to demonstrate any knowledge of the Hungarian language, making the program accessible to a wide range of investors.
Path to Citizenship: After legally residing in Hungary for a certain period, investors may become eligible for permanent residency and, eventually, citizenship through naturalization, offering a long-term benefit and security.
Investment Ways for Obtaining Hungary Golden Visa
Investors can choose from three main paths: contributing €250,000 to a local real estate investment fund, purchasing real estate worth €500,000, or making a €1,000,000 charitable donation to support education. These options aim to cater to different investor preferences and financial capabilities, each leading to the possibility of obtaining the Hungarian residence permit.
Bottom Line
The Hungary Golden Visa program presents a lucrative opportunity for non-EU/EEA investors seeking EU residency. With its relaunch in 2024, the program not only offers a variety of investment options but also provides significant benefits such as travel freedom, family inclusion, and a straightforward application process. It stands out as an attractive option for those looking to invest in Hungary’s economy and, by extension, secure a future within the European Union.
