Guest Investor Visa and Residence Permit [Hungarian Golden Visa]
The Hungarian residencies normally require that the applicant have to spend most of their time in Hungary, but this requirement does not apply to guest investors. Thank to this type of residence permit the applicant will have a so-called EU residency and will be able to visa-free travel to the Schengen countries.
The period of validity of the permit is a maximum of ten years, which may be extended by a maximum of ten years for the same purpose only. Family members who base their application on the same investment may also be granted a residence permit for 10 years.
A third-country national who undertakes to carry out one of the investments defined in the legislation may therefore be granted a residence permit as a guest investor:
- The acquisition of real estate bonds of at least EUR 250,000 issued by a real estate fund registered by the Hungarian National Bank.
- The acquisition of residential real estate in Hungary, registered in the Real Estate Register by parcel number, free of legal title, encumbrances and claims, with a value of at least EUR 500,000.
- To make a financial donation of at least EUR 1 million to a higher education institution maintained by a public trust with a public-service mission, for the purpose of supporting educational, scientific research or artistic creation.
***
With our experts from the field of law, accounting, taxation, we can provide a full range of services and support in connection with the purpose of business immigration. If you are interested in one of the mentioned types let us know and after the meeting, we will send you a well-detailed and updated quotation.