Hungary is a country located in the heart of Central Europe, where rich history, cultural diversity and modern life blend. Hungary, which joined the European Union in 2004, is also a member of the Schengen Area. Its capital, Budapest, draws attention with its historical buildings and modern city life decorating both banks of the Danube River. The official language of Hungary is Hungarian, its currency is the Hungarian Forint (HUF) and its total surface area is 93,030 km². With a population of approximately 10 million, the country is an attractive destination for investors both within the EU and internationally.
Overview of the Hungary Golden Visa Program
The Golden Visa Program, officially known as the Guest Investor Residence Permit, put into effect by the Hungarian Parliament, offers investors and their families the freedom to live, work and travel in Europe. Also known as the Hungarian Guest Investor Program (GIP), this program provides an important opportunity, especially for those considering long-term residence and citizenship in the EU.
Investment Options
Investors wishing to participate in the Golden Visa Program must consider one of the following options that will contribute to the Hungarian economy:
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Real Estate Fund Investment: Investment in a real estate fund approved by the Hungarian National Bank, worth at least €250,000.
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Real Estate Investment: Purchase of residential real estate worth at least €500,000.
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Donation: Donation of at least €1,000,000 to a public institution operating in the field of education, science or the arts.
Benefits of the Program
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Accelerated residence permit process within the EU.
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Visa-free travel within the Schengen Area.
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Renewable residence permit for 10 years.
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Right to live in Hungary without tax liability.
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Family reunification benefits (including spouse and children).
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Investment can be withdrawn after 5 years and the visa is renewable.
Inclusion of Family Members
Golden Visa allows investors to include their spouses, children under the age of 18 and other financially dependent family members in the program. Additionally, parents over the age of 65 can be added to the program without requiring any proof of dependency.
Application Process
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First Stage: Applicants enter Hungary with a Guest Investor Visa and complete their residence permit application within 180 days.
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Required Documents:
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Passport and ID information,
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Criminal record,
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Documents regarding the source of investment,
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Bank statements,
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Lawyer and financial advisor references.
Permanent Residence and Citizenship in Hungary
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Golden Visa holders can apply for a Permanent Residence Permit after meeting the requirement of 3 years of uninterrupted physical presence in Hungary.
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Hungarian citizenship can be granted to individuals who have resided in the country for 10 years and meet the language proficiency requirement. Dual citizenship is also offered.
Interesting Facts About Hungary
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Capital: Budapest
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Currency: Hungarian Forint (HUF)
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Official Language: Hungarian
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Area: 93,030 km²
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Population: Approximately 10 million
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Schengen Area Member: Yes
Hungary's historic castles, thermal spas and dynamic business environment offer investors an environment where they can not only make financial gains but also live a pleasant life.
The Hungarian Golden Visa Program opens its doors to investors as one of the fastest and most affordable options in the EU. Take action now and step into a privileged life in the heart of Europe!