The Hungary Golden Visa program, also known as Hungary Residence by Investment, offers high-net-worth individuals a way to gain European residency through investment. Updated in 2024, this program attracts investors from outside the EU.

Whether you want a new lifestyle, better business opportunities, or access to the Schengen Area, Hungary's Golden Visa can be the solution. Let's cover the main benefits of the program.

 

 

Investment Options

Investment choices. The Hungary Residency by Investment program offers several options to suit different preferences. The investment options are:

1. €250,000+ in Hungarian units of real estate funds.
2. €500,000+ in residential property.
3. €1+ million as a donation to a higher education institution.

These options provide flexibility for different investment goals.

Real estate opportunities. Investing in Hungarian real estate is popular among Golden Visa applicants. The property market in Hungary, especially in Budapest, is growing, offering good returns. The investment threshold is reasonable, allowing investors to buy property and obtain residency rights.

Safe investments. For those preferring safer options, purchasing government bonds is a good choice. These bonds offer stable returns and minimal risk. Alternatively, investing in Hungarian businesses can yield high returns, especially in sectors like technology and manufacturing.

 

Fast and Efficient Process

Quick application. The Hungary Golden Visa has a fast application process. Compared to other European countries, Hungary offers a quicker path to residency. The process, from application to approval, usually takes 3 to 6 months.

Clear procedures. Hungary has streamlined its procedures to make the process easier for investors. Authorities provide clear guidelines and support throughout the process.

Minimal residence requirements. Unlike some other residency programs, Hungary does not require applicants to live in the country for long periods. This flexibility allows investors to keep their primary residence elsewhere while enjoying Hungarian residency benefits.

 

Access to the Schengen Area

Travel freedom. One major advantage of the Hungary Golden Visa is access to the Schengen Area. This allows visa-free travel to 29 European countries, making business and leisure travel easier.

Business opportunities. With residency in Hungary, investors can explore and expand business interests across Europe. Seamless travel within the Schengen Area facilitates business meetings, partnerships, and market exploration.

Cultural experiences. Beyond business, the Schengen Area offers rich cultural experiences. Whether it's a weekend trip to Paris or a business trip to Berlin, ease of travel enhances the European living experience.

 

High Quality of Life

Affordable living. Hungary offers a high quality of life at a lower cost than other Western European countries. From housing to healthcare, living costs in Hungary are relatively low, making it attractive for families and retirees. According to the 2024 Expat Insider Survey, Hungary ranks among the top 20 countries for cost of living.

Healthcare and education. Hungary has a robust healthcare system and quality educational institutions. Residents can access top medical services and international schools, ensuring a comfortable lifestyle. The World Health Organization ranks Hungary's healthcare system as 34th globally, providing comprehensive care to residents.

Cultural heritage. Hungary is known for its rich cultural heritage, historic architecture, and vibrant arts scene. Residents can enjoy a variety of cultural activities, from classical music concerts to art exhibitions. Budapest, in particular, is famous for its historic sites and cultural festivals, attracting millions of tourists annually.

 

Economic Stability and Growth

Stable economy. Hungary has a stable, growing economy, making it a safe investment destination. Its strategic location in Central Europe and EU membership provide a strong economic foundation. Hungary's GDP growth rate was 4.5% in 2023, showing robust economic health.

Investment opportunities. Hungary's economy sees significant foreign investment and industrial growth. Sectors like automotive, technology, and pharmaceuticals offer promising opportunities. Hungary hosts several multinational companies, including Audi, Samsung, and Bosch, indicating a strong international business presence.

Supportive policies. The Hungarian government actively supports foreign investment with incentives and favorable policies. This creates a conducive environment for business growth and investment success. The Hungarian Investment Promotion Agency (HIPA) supports foreign investors, facilitating smooth business operations.

 

Family Inclusion

Family-friendly policies. The Hungary Golden Visa program allows investors to include immediate family members in the application. Spouses and dependent children under 18 can also gain residency rights, ensuring the whole family benefits.

Educational opportunities. Hungary offers excellent educational opportunities, including international schools for expatriate families. This ensures children receive quality education in a multicultural environment. Popular international schools include the American International School of Budapest and the British International School Budapest.

Safe environment. Hungary is known for its safety and welcoming attitude towards expatriates. Families can enjoy a peaceful, secure lifestyle with access to various recreational and cultural activities. According to the Global Peace Index 2024, Hungary ranks 21st among the safest countries in the world.

 

Path to Permanent Residency and Citizenship

Permanent residency. The Hungary Golden Visa program is a pathway to permanent residency. After living in Hungary for 3 years, investors can apply for permanent residency, offering more stability and benefits.

Citizenship opportunities. Hungary also offers the possibility of citizenship. After maintaining permanent residency for 8 years and meeting certain criteria, investors can apply for Hungarian citizenship, gaining full rights and privileges of an EU citizen. Citizenship applicants must demonstrate basic knowledge of Hungarian language and culture.

Long-term benefits. Obtaining Hungarian residency and potentially citizenship provides long-term benefits for future generations. It opens doors to education, healthcare, and employment opportunities within the EU. Children of Golden Visa holders can benefit from the right to study, work, and live in any EU country.

 

Tax Benefits for Residents

Favorable tax regime. Hungary offers a competitive tax regime for residents. Personal income tax is a flat rate of 15%, one of the lowest in Europe. Corporate income tax is also favorable, with a standard rate of 9%. There are various tax incentives for businesses and investors.

Double taxation agreements. Hungary has signed double taxation treaties with numerous countries, ensuring residents do not pay taxes twice on the same income. This is beneficial for international investors and business owners.

No wealth tax. Hungary does not impose a wealth tax, which attracts high-net-worth individuals. Residents are not taxed on their global assets, making Hungary favorable for wealth preservation.

 

In a Nutshell

The Hungary Golden Visa is a fast and flexible way for high-net-worth individuals to gain European residency.

By investing in Hungarian real estate, funds, or making a charitable donation, you can enjoy visa-free travel within the Schengen Area, benefit from Hungary's tax regime, and provide your family with excellent education and healthcare.