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 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.
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.
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.
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
Hungary Residency allows Visa-Free travel to 27 European countries which comprise the Schengen Zone.
Hungary Residency allows Visa-Free travel to 27 European countries which comprise the Schengen Zone.
*The list of countries is subject to variations depending on each government's policy and so is access to these countries.
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.
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)
Acquisition of an approved investment units issued by a real estate fund registered by the Hungarian National Bank
Making a monetary contribution to a higher education institution maintained by a public interest trust foundation to support educational, scientific research or artistic creation.
In addition to the investment, a government processing fee is payable when your application is approved.
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.
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.
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.
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).
Decision is released after 6 to 8 weeks. Residency cards are issued. CI will courier the cards to client. CI final Professional Fees due.
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.
The estimated time to receive residency approval depends on the due diligence processing time and the specific case
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The applicant must be at least 18 years old.
The applicant must have a clean criminal record and a good reputation
The applicant must be in good health and provide a medical certificate
The applicant must make a qualifying investment in one of the investment options set by the law
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.
“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.”
“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.”
“I’m absolutely satisfied and special thanks to my relationship manager for good - perfect - excellent service and support.”
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