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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. Under this program, successful applicants are granted a residency permit that is valid for 5 years for the primary applicant, and 3 years for their dependents. The residency permit can be indefinitely renewed as long as you still own the qualifying residential property.

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).

PROGRAM BENEFITS

SIMPLE PROCESS
SAFE & FAST

Most Cost-Effective 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

EASY PROCESS

No language test required

Residency Card renewable indefinitely whilst you maintain the minimum property investment amount

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 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 to 27 countries in Europe which comprises the Schengen states.

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

Applicants become eligible for Permanent Residency after 5 years of continues stay in Hungary. Citizenship granted after 8 years of Permanent Residency

STRONG INVESTMENT
APPEALING REAL ESTATE

Low Real-Estate purchase of €135,000

For New Build properties only 20% deposit required, balance on completion while enjoying the Residency

Budapest lower prices than other EU capitals.

30% capital appreciation in the past 2 years

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 27 European countries which comprise the Schengen Zone.

27
COUNTRIES

Hungary Residency allows Visa-Free travel to 27 European countries which comprise the Schengen Zone.

EUROPE
  • Albania
    Andorra
    Austria
    Belarus
    Belgium
    Bosnia and Herzegovina
    Bulgaria
    Croatia
    Cyprus
    Czech Republic
    Denmark
    Estonia
    Finland
    France
    Germany
    Greece
    Holy See (Vatican City)
    Iceland
    Ireland
    Italy
    Kosovo
    Latvia
    Liechtenstein
    Lithuania
    Luxembourg
    Malta

*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.

A 10% down payment on the property is required. If New Build is purchased then only a 20-30% deposit (depending on the developer) needs to be paid to submit the document to immigration, the remaining amount can be paid on completion. 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 52 Million HUF
    (EUR 135,000)

GOVERNMENT FEES

In addition to the purchase of real estate, a government processing fee is payable when your application is approved.

  • MAIN APPLICANT, SPOUSE AND CHILDREN BELOW 18 YEARS OLD 60,500 EUR
  • ADDITIONAL DEPENDENT ABOVE 18 YEARS OLD 6,500 EUR
  • ADDITIONAL DEPENDENT BELOW 18 YEARS OLD 3,000 EUR

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

    Retainer, Initial Fees and Residency Approval

    Client signs Retainer Agreement & pays initial Professional Fees


    Client sends full passport, bank balance certificate and informs Citizenship Invest (CI) of number of applicants. CI will submit the initial client documents for initial Government checks.


    The bank balance certificate needs to show the HUF52 Million or €135,000 (property price) + €16,000 per applicant (to prove sufficient funds to cover property and cost of living in Hungary, whether the client will move there or not).


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


    WEEK
    1

  • WEEK
    2

    Payment of Government Fees and CI Professional Fees

    Once Residency is pre-approved, CI will prepare the Government forms and documents for client’s signature. At this stage the client transfers Government fee of €5000 to CI and CI proceeds to pay these funds to the Government (If for any reason Residency is rejected, then Government Fees are fully refundable). CI second Professional Fees are payable at this stage.


    WEEK
    2

  • WEEK
    3-4

    Embassy Visit for Biometrics and Submission of Documents

    CI books an appointment for the client and family at the Hungarian Embassy in their current country of residence (or 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 buy property in Hungary, being a RESIDENTIAL property with a value of at least HUF 52Million (€135,000) within 3 months of their residency permit cards being issued.


    Once the appointment at the Hungarian Embassy is carried out the client is expected to pay the remaining Government Fees of EUR 55,500 (+ fees for any additional dependents when applicable) within 5 days. Client transfers these funds to CI and CI proceeds to pay the Government.


    WEEK
    3-4

  • MONTH
    3

    Residency Cards Issuance

    Approval is granted 30 days after submission; the Residency card is issued 10 days later. CI will courier the cards to client. CI final Professional Fees due


    MONTH
    3

  • MONTH
    3-6

    Property Purchase Completion

    Client must purchase residential property 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
    3-6

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 a residential real estate property

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 enough funds to buy the property and cover the costs of living for all the applicants. The bank     balance certificate needs to show the HUF52 Million or €135,000 (property price) + €16,000 per applicant (to prove sufficient funds for living fees in Hungary, whether the client will move there or not).
  • 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 temporary residence through investing in government-approved residential real estate projects.
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 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.
The minimum investment in real estate is HUF 52 million (approximately EUR 135,000), and a 10% down payment on the property is also required. If New Build is purchased then only a 20-30% deposit needs to be paid to submit the document to immigration, the remaining amount can be paid on completion.
The required documents under the Hungary residency by investment program include: certified copy of all passports held, certified copy of full birth certificate for each child in case of accompanying children, certified copy of marriage certificate in case of accompanying spouse, a bank statement with sufficient funds to support the application, a signed CV for each applicant, even for children, POA for each applicant, and two (2) Original passport-size photos for each participant and evidence of no criminal convictions.
Contact Citizenship Invest, sign the Retainer Agreement, and pay the first fee to start your application today.

CONTACT AN ADVISOR

TESTIMONIALS

“Citizenship Invest is highly recommended for their helpfulness, they answered all of my questions and concerns in a very timely manner, explained all of the processes extremely carefully, and cleared my doubts and concerns multiple times.”

Ahmed Slytherin

“I had a great experience with the document collection team, they were very detail oriented and made sure to mention everything I needed to know. They also provided great customer service and were very friendly. I would definitely recommend them to others.”

Khalil Ben Mansour

“I’m absolutely satisfied and special thanks to my relationship manager for good - perfect - excellent service and support.”

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