HUNGARY

RESIDENCY BY INVESTMENT

The Hungarian Residency by Investment Program, introduced by the Government of Hungary in 2017, offers non-EU nationals the opportunity to obtain temporary residence through investing in built real estate projects. The 2024 amendment of the Hungary Law Act XC of 2023 on general rules on the entry and residence of third-country nationals made changes to the investment options to obtain the Hungarian residence permit which are investment for a minimum of €250,000 into residential real-estate funds or €500,000 into real-estate in Hungary.

Hungary became a member of the European Union in 2004 and subsequently joined the Schengen Area in 2007.

CITIZENSHIP INVEST IS YOUR TRUSTED PARTNER
TO OBTAIN HUNGARY RESIDENCY BY INVESTMENT

Citizenship Invest ensures the highest success rates through experience and a solid track-record with the different Governments. Every year, we help hundreds of individuals and families to acquire a second residency or citizenship by investment. Citizenship Invest successfully helped clients from over 85 countries around the globe. Most importantly, we have a long-term view of ‘client-advisor’ relationships and commit to our clients for life.

PROGRAM OVERVIEW

The Hungarian Residency by Investment program is governed by the Hungarian Permanent Residency Act CCXX of 2012 Amending Act II of 2007 on the Entry and Residency Requirements of Third-Country Citizens Article 1(4) 4), Paragraph (3). The 2024 amendment of the Hungary Law Act XC of 2023 on general rules on the entry and residence of third-country nationals made changes to the investment options to obtain the Hungarian residence permit which are investment for a minimum of €250,000 into residential real-estate funds or €500,000 into real-estate in Hungary.

PROGRAM BENEFITS

SIMPLE PROCESS
SAFE & FAST

A cost-effective and risk-free EU Residency Program

Approval issued before you make the property investment or pay majority of Gov. fees

Fast process. Residency Card issued within 3 months

No need to visit Hungary at all to obtain the Hungarian Residency, Residency cards can be issued remotely with a validity of 10 years and renewable for 10 years.

EASY PROCESS

No language test required

Residency Card is valid for 10 years and renewable for another 10 years

Biometrics taken at the Hungarian Embassy


FAMILY BENEFITS

Spouse, Minor children under 18 years of age and adult children between 18 - 27 years of age if they are single, studying and financially dependent qualify

Also Main Applicant's parents and Spouse’s Parents can be included under the same application.

They can all live in Hungary

Access to free education
FREE MOBILITY
GATEWAY TO EUROPE

The Hungarian residency enables visa-free travel within the Schengen area without further documentation or visas.

No physical stay or visit to Hungary required throughout the residency, although is recommended that you visit Hungary to prove ties with the country.

STRONG INVESTMENT
APPEALING REAL ESTATE

A minimum of €250,000 investment into Residential Real-Estate Funds or Residential Real-Estate purchase of €500,000

Budapest lower prices than other EU capitals.

30% capital appreciation in the past 2 years

Payment is made only after the approval providing a risk-free investment

TAX ADVANTAGES

No tax on dividends and capital gains and Corporate income tax is 9%, and personal income tax is 15%, making them some of the lowest in Europe.

QUALITY OF LIFE

Hungary is one of the most affordable countries in Europe, with a low cost of living.

Access to a good healthcare system

HUNGARY RESIDENCY VISA-FREE ACCESS

Hungary Residency allows Visa-Free travel to Europe including 29 countries in the Schengen zone.

33
COUNTRIES

Hungary Residency allows Visa-Free travel to Europe including 29 countries in the Schengen zone.

EUROPE
  • Austria
    Belgium
    Bulgaria
    Croatia
    Czech Republic
    Cyprus
    Denmark
    Estonia
    Finland
    France
    Germany
    Greece
    Hungary
    Iceland
    Italy
    Latvia
    Liechtenstein
    Lithuania
    Luxembourg
    Malta
    Monaco*
    Netherlands
    Norway
    Poland
    Portugal
    Romania
    San Marino
    Slovakia
    Slovenia
    Spain
    Sweden
    Switzerland
    Vatican City

*The list of countries is subject to variations depending on each government's policy and so is access to these countries.

INVESTMENT TYPE AND COSTS

Investors can obtain Hungary Residency by purchasing residential property. Investors must prove that they have sufficient funds in a deposit account to cover the real estate purchase price and the minimum amount required to sustain a living by the investor and their family members.

REAL ESTATE INVESTMENT

BUYING A RESIDENTIAL PROPERTY IN HUNGARY.

You will only need to purchase a qualifying property once your residency permits are approved, and your ID cards are in your possession. Then, you will have 3 months in which to complete the acquisition (else your residency will be automatically cancelled)

  • INVESTMENT AMOUNT EUR 500,000

REAL ESTATE FUND

INVESTING IN GOVERNMENT APPROVED REAL ESTATE FUNDS

Acquisition of an approved investment units issued by a real estate fund registered by the Hungarian National Bank

  • INVESTMENT AMOUNT EUR 250,000

DONATION

Making a monetary contribution to a higher education institution maintained by a public interest trust foundation to support educational, scientific research or artistic creation.

  • DONATION EUR 1Million

GOVERNMENT FEES

In addition to the investment, a government processing fee is payable when your application is approved.

  • MAIN APPLICANT, SPOUSE AND CHILDREN BELOW 18 YEARS OLD EUR 70,000

OTHER COSTS

In addition to the required investment, there are other costs for the Hungarian Residency Program, which are Citizenship Invest professional fees, documents certifications when applicable, courier fees, and other small disbursements. If you wish to receive a detailed quotation outlining all costs, please get in touch with us.

APPLICATION PROCESS AND TIMELINE

  • WEEK
    1

    Pre-Screening, Retainer and Initial Fees

    Step 1 – Client signs Retainer Agreement & pays initial Professional Fees


    CI will submit the initial client documents for initial Government checks including passport and bank balance certificate. (The bank balance certificate must show at least EUR 250,000 to prove sufficient funds to cover investment)


    CI submits applicant details to the Hungarian Government for Residency Pre-Approval (normally issued in 5 working days).


    Step 2  – Once we pass the pre-screening, client to provide filled out data sheets for all applicants and CV. CI submits application to the Hungarian Immigration Office.


    WEEK
    1

  • WEEK
    2

    Payment of Government Fees and CI Professional Fees

    Step 3 –  Client pays the Government fee of €5000 (out of the EUR 70,000) to the Hungarian Immigration Department to set an appointment with the Hungarian Embassy.  CI 2nd professional fees is payable as well.


    Step 4 – CI will prepare all your application forms and guide you on the documents required for your Residency Application appointment at the Hungarian Embassy.


     


    WEEK
    2

  • WEEK
    4

    Embassy Visit for Biometrics and Submission of Documents

    Step 5: Client attends appointment at the nearest Hungarian Embassy to submit their application in person and have their biometrics taken. Documents shall be attested at the Embassy at this stage.


    At the Embassy the applicant must sign and submit a declaration undertaking to invest in Hungary within 3 months of their residency permit cards being issued.


    Step 6: After the Embassy appointment, client pays the remaining Government Fees of EUR 65,000 (+ fees for any additional dependents when applicable) within 5 days. (If for any reason Residency is rejected, then Government Fees are fully refundable).


    WEEK
    4

  • MONTH
    2 - 3

    Residency Decision and Residency Cards Issuance

    Decision is released after 6 to 8 weeks. Residency cards are issued. CI will courier the cards to client. CI final Professional Fees due.


    MONTH
    2 - 3

  • MONTH
    4 - 7

    Investment Completion

    Client must purchase residential property or funds within 3 months from card issuance date, CI submits the purchase agreement within this period of time to the immigration office. Failing to do so will results in the revocation of the residency for Client and all the family members.


    Hungarian Taxpayer Number is issued once property purchase is completed.


    MONTH
    4 - 7

The estimated time to receive residency approval depends on the due diligence processing time and the specific case

DOWNLOAD
HUNGARY PERMANENT RESIDECNY
BROCHURE

CONTENT
  • Program Overview
  • Residency Law
  • Benefits of the program
  • Applicants Qualifications
  • Investment requirements
  • Application Fees
  • Documents Checklist
  • List of countries Visa free and on arrival
DOWNLOAD

15 pages 700Kb

Eligibility requirements

Age

The applicant must be at least 18 years old.

Good Character

The applicant must have a clean criminal record and a good reputation

Health

The applicant must be in good health and provide a medical certificate

Investment

The applicant must make a qualifying investment in one of the investment options set by the law

REQUIRED DOCUMENTS

Citizenship Invest has a designated Document Collection Specialist for every case. Our firm provides a customised service streamlining the application process by only requesting essential client information. Our primary goal is simplifying the document collection procedure and minimising client involvement. When necessary, we take the responsibility of obtaining the required documents on behalf of the client. Please be aware that the following list serves as a general guideline, as Citizenship Invest prepares a personalised checklist based on a thorough assessment of each individual case.

  • Certified copy of all passports held.
  • Proof of family relationship (Birth Certificate for all applicants)
  • Marriage certificate
  • Bank statement with sufficient funds to support the application. (Bank Balance must show at least EUR 250,000 to prove sufficient funds for the investment).
  • CV for Client and all the family members (CI provide templates)
  • POA (Power of Attorney) for each applicant. It must be dated and signed by the respective applicant, where one of the parents can sign for children under the age of 18.
  • Data Sheet needs to be filled out for Client and all the family members (CI will provide the template)
  • In case Client does not live in the country of his/her citizenship, then resident permit or proof of stay
  • Adult children 18yrs+:
  • Proof of Address from Hungary (CI provide)
  • Proof of economic dependency, single status and school enrolment; School Certificate for Adult children
  • Proof of economic dependency for parents below 65 years
  • For each participant, two (2) original passport-size photos: dimensions 45 mm x 35 mm.
  • Evidence of no criminal convictions.

FAQS

Frequently Asked Questions
The Hungary residency by investment program allows non-EU nationals the opportunity to obtain European Residency for you & your family within 3 months for a minimum of €250,000 investment into residential real-estate funds or €500,000 into real-estate in Hungary.
The Hungary residency by investment program does not allow investors to work in Hungary. They would need to obtain a work permit through the Hungarian Immigration Office.
To be eligible for the Hungarian residency by investment program, the main applicant must be at least 18 years old and can include their spouse and children 18 years and below. Parents and children over 18 must be dependent on the main applicant.
Investors can obtain Hungarian residency by investing in government-approved residential real estate funds or real estate projects.
Yes, Dual Citizenship is permitted under Hungarian Law.
The Hungary Residency by Investment Program presents an array of benefits catering to potential investors' needs and preferences. These advantages range from including family members in a single application to the absence of language requirements and minimum education attainment. Furthermore, the favorable tax treatment on dividends and capital gains, coupled with Hungary's affordable cost of living, contribute to the program's overall appeal.
It takes 3 months to process a Hungary residency by Investment application.
A minimum investment of €250,000 into Residential Real-Estate Funds or Residential Real-Estate purchase of €500,000.
A minimum investment of €250,000 into Residential Real-Estate Funds or Residential Real-Estate purchase of €500,000.
Contact Citizenship Invest, sign the Retainer Agreement, and pay the first fee to start your application today.

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