Hungary

Residence | Hungary

About Hungary

Hungary is an EU member state located in Central Europe. It shares its borders along seven neighboring countries: Slovakia, Ukraine, Romania, Serbia, Croatia, Slovenia, and Austria. Its desirability amongst residence investors is bolstered by its high-income economy, universal heath care system, and tuition free secondary education. It has a longstanding history of contributions in the fields of art, literature, sports, science, and technology. Its official language is Hungarian and its population stands at approximately 9.7 million.

Country Information

  • Location: Central Europe

  • Language: Hungarian

  • Population: 9.7 million

  • Economy: Tech, Transport, & Energy

  • Currency: Forint

Hungary residence by investment

The Hungarian residence by investment program was established in 2017, allowing non - EU nationals to legally attain a residence visa though an investment in real estate coupled with a government donation. The applicant for residency may include his immediate family (spouse, dependent children under the age of 27, and parents below the age of 65). Residency permits are renewed every five years for the main applicant and every three years for all dependents, under the condition that the chosen investment is still in place. An applicant and his family are eligible for Permanent Residence after five years of continues physical residence. Applicants are then eligible for citizenship after eight years of Permanent Residence status.

Investment Requirements

Options: Real Estate Fund Investment or Real Estate Property Investment + Government Donation

  • Option 1: Real Estate Fund Investment starts at EUR 250,000 + EUR 70,000 Government Donation

  • Option 2: Real Estate Property Investment starts at EUR 500,000 + EUR 70,000 Government Donation

  • (EUR 70,000 Government Donation is inclusive of main applicant, spouse, and children under the age of 18; an additional EUR 10,000 is required for each parent or child above the age of 18)

  • Please note that there are additional government and legal fees; real estate investment has additional property tax/closing costs

Process & time to residence

  • Step 1: Gather required documents for residency submission & due diligence process

  • Step 2: Once residency application is approved, applicant has 90 days to make the chosen investment

  • Step 3: Once investment is made and proof of investment is submitted to government body, Biometrics are scheduled at nearest Hungarian Embassy

  • Step 4: Verification and issuance of residency permit

    *Issuance of residence is approximately 1 -2 months after submission of application in Hungarian Embassy

Eligible Dependents

  • Main applicant’s spouse

  • Children up to the age of 27 (children above 18 must must be unmarried and enrolled in a full time educational institution)

  • Main applicant/spouse parents

Residence Benefits

  • Visa free mobility within Europe’s Schengen area

  • Financial planning, access to EU banking, and no global taxation

  • Acquisition of a property asset in an EU country

  • No physical residency requirements to maintain residency

  • Access to both educational opportunities and healthcare

  • Residency Permanent issued for 10 years (may be renewed after expiry)

  • Eligibility for Permanent Residence after five years of physical residence

  • Eligibility for citizenship after eight years of permanent residence

  • Family security in global instability