Hungarian Golden Visa Program

Background of the Hungarian Golden Visa Program

Hungary joined the European Union on May 1, 2004, and became part of the Schengen area in December 2007. From 2013 to 2017, Hungary had a residency program called Golden Bond and attracted € 1.4 billion euros between 1 January 2013 and 31 March 2017. This is according to a study by the European Commission, which analysed the citizenship and residence programs of the EU member states.

According to the report, a total of nearly 20 000 residence permits were issued via the Golden Visa Program during the same period.

What is the new Hungarian Golden Visa Program

At the end of 2023, the Hungarian government introduced a new residency program for people who invest in the country. Starting on 1st of July 2024, non-EU and non-EEA citizens will be able to become Hungarian residents by making certain investments. This residency status lasts for 10 years and can be extended to the investor’s family. Under the new program, participants have three options:

Purchase units in a real estate bond

for €250,000 or more

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Donate to a higher education institution

for €1,000,000 or more

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Advantage of the program

Hungary is part of the European Union and Schengen Area (travel with no borders in 27 EU countries)
Residence Permit
€250,000 investment in real estate funds or €500,000 in residential property
No stay requirements
Includes dependents – spouse, children, and parents
Citizenship possible after 8 years of residence
Access to public healthcare and education
Allows starting a business