Updated on December 24, 2024

Hungary Golden Visa

Residence permit by investment to live in Europe and travel across the Schengen Area with the family

€250,000

Investment amount

5+ months

Obtaining period

10 years

RP validity period

What is a Hungary Golden Visa program?

In November 2023, the Government of Hungary introduced a legislative proposal to grant investors the right to obtain a residence permit.

Previously, investors could get temporary residency by purchasing real estate for at least €155,000. Until 2017, there was also a permanent residency by investment program.

The new Hungary Golden Visa, effective from July 1st, 2024, is available only to non-EU and non-EEA citizens.

Investors can choose one of three options: purchasing residential property, investing in local real estate funds, or donating to an institution of higher learning.

The minimum investment amount is €250,000.

The Golden Visa residence permit is granted for 10 years. It may be extended once for the same period.

9 benefits of the Hungarian Golden Visa

  • 1

    Visa-free travel across the Schengen Area

    Investors holding a Hungary residence permit can stay in Schengen Area countries for up to 90 days out of 180.

    Vienna, the capital of Austria, is a 3-hour drive from Budapest. Flight tickets to Milan or Paris cost €22—37 without luggage, with a travel time of 2—3 hours.

  • 2

    Investing after visa approval

    Before investing in the Hungarian economy and applying for residency, a foreigner gets a D visa called the Guest Investor Visa. The Migration Office conducts a Due Diligence check before granting it. Therefore, if the investor is cleared for the visa, the risk of residency refusal is minimal, ensuring the investment won’t be in vain.

  • 3

    Moving to Europe with the family and creating a safe haven

    The Hungary Golden Visa allows investors to move to one of the most developed and affordable European countries with their spouses and children. Hungary ranks 14th among the world’s safest countries, according to the Global Peace Index 2024.

    Hungarian residents can enter the country even when borders are closed for tourists.

  • 4

    Low cost of living

    Hungary’s grocery, entertainment, and property prices are half those in other European countries, such as Norway, Denmark, and Italy. Property in central Budapest starts at €3,700 per square metre, compared to €7,400+ in Copenhagen.

  • 5

    Opening accounts in European banks

    Hungarian residents can open accounts and deposits in local and international banks with minimal documentation. Usually, a passport and residence permit card are sufficient.

  • 6

    Opportunity to work and do business in Europe

    Investors and their family members holding residence permits can work, establish businesses, or serve as CEOs in their companies.

  • 7

    Access to high-quality healthcare and education

    According to QS World University Rankings 2025, 11 Hungarian universities rank among the top 1,500 globally. Graduates from these universities can work across the EU, the USA, and the UK.

    Hungary is known for medical tourism, with numerous thermal and mineral springs, quality dentistry, and esthetic surgery drawing visitors from Europe. Healthcare costs in Hungary are 40—70% lower than in the UK and Scandinavian countries.

  • 8

    Tax optimisation

    Hungary is one of the countries with the lowest tax rates in Europe. The income tax rate is 15%, and the corporate tax rate is 9%. The stamp duty on property purchase is 4%.

  • 9

    Pathway to permanent residence and citizenship

    Investors can obtain permanent residence after living in Hungary for at least 3 years. After additional 8 years, they are eligible for citizenship.

    Investors get all rights of Hungarian citizens, including visa-free travel to 171 countries.

price

Practical guide on the Hungary Golden Visa

  • Step-by-step procedure

  • Requirements for applicants

  • Required documents

  • Answers to frequently asked questions

Who can get a Hungary residence permit by investment?

  • Investor

    • Over 18

    • Non-EU and non-EEA citizen

    • With second citizenship if a US citizen

    • With a legitimate source of income

    • With health insurance

  • Spouse or registered partner

    • With second citizenship if a US citizen

  • Children under 18

    • With second citizenship if US citizens

  • Children aged 18 to 25

    • With second citizenship if US citizens

    • Students

    • Unmarried

    • Financially dependent on the investor

    • Eligible for a 3-year residence permit, extendable for 3 more years

  • Parents

    • With second citizenship if US citizens

    • Financially dependent on the investor

    • Pension payments are the only income source

Costs of obtaining a Golden Visa in Hungary

Under the Hungarian Golden Visa program, investors can select one of three options, with a minimum investment amount of €250,000. The investment condition should be fulfilled within 93 calendar days after the first entry into Hungary with the Guest Investor Visa.

Option 1

Purchase of real estate fund units — €250,000+

Purchasing fund units is available from July 1st, 2024. The fund must be on the list of qualified market operators maintained by the Constitution Protection Office. At least 40% of the fund’s assets must be allocated to residential real estate in Hungary.

The share certificate must have a 5-year maturity period and demonstrate a unit of €250,000 or more.

Investment

€250,000+

Administrative fee

€65,000 for a family of up to 4 if the spouse and only children under 18 are included

€10,000 per dependent, starting with the 5th applicant

€15,000 per child over 18

Subscription fee

€5,000

Maintenance fee

2,5% per year

Option 2

Property purchase — €500,000+

Investors can purchase residential real estate, with permission required from the Land Registry; this can be done only with the help of a lawyer who accompanies the deal.

Purchasing real estate will become available on January 1st, 2025. Properties bought before this date do not qualify for the Golden Visa.

Investment

€500,000+

Stamp duty

4% — for properties under 1 billion forints, or €2.6 million

2% — for the amount exceeding 1 billion forints, or €2.6 million

VAT

For primary property

5%, usually included in the property price

Administrative fees

€280+

Legal, realtor, and notary services fees

Up to 5% of the property price

Option 3

Donation to an institution of higher learning — €1,000,000+

The institution must be managed by a public interest trust foundation carrying out a public task. Donations will support education, scientific research, and artistic or creative activities.

Individual cost calculation for the Hungary residence permit

Individual cost calculation for the Hungary residence permit

Get an individual calculation for your family with all associated costs and government fees

We will send the cost calculation to your email within 1 hour

Examples of investment properties for a Hungary Golden Visa

https://immigrantinvest.com/wp-content/uploads/2023/05/6-42.jpg

location iconHungary, Budapest

€642,000+

Classic three-bedroom apartment, Ujbuda, Budapest
square icon150 m²
bed icon3
bathroom icon3
https://wonderful-dogs-8ceb8899a2.media.strapiapp.com/1x1ojsh63e61_webp_2dd3ecee86.webp

location iconHungary, Budapest

€593,000 — €946,000

Stylish apartments with city view, First District, Budapest
square icon75 m² — 107 m²
bed icon2—3
bathroom icon2—3
https://wonderful-dogs-8ceb8899a2.media.strapiapp.com/hv6ectuwp9v1_webp_71e90d845f.webp

location iconHungary, Budapest

€552,000 — €581,000

Elegant apartments with 4 bedrooms, Eleventh District, Budapest
square icon103 m² — 124 m²
bed icon4
bathroom icon4

Schedule a meeting

Individual selection of investment properties

  • Discuss your tasks and goals

  • Choose between properties from reliable developers

  • Get fully prepared and verified documents for a purchase

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Requirements for the Hungary Golden Visa Program

The Guest Investor Visa is issued for up to 6 months. It gives the right to enter Hungary to apply for a residence permit by investment.

With the Guest Investor Visa, one can stay in Hungary for up to 90 days out of 180. The visa also allows multiple entries to the country.

The investor is granted a Guest Investor Visa under the following conditions:

  1. Provides a written confirmation of their intention to fulfil the investment requirements. The investor’s entrance and stay in the country should serve the national economic interests of Hungary.

  2. Has health insurance or money sufficient to cover possible medical expenses.

  3. Confirms having money for travelling and living for the entire period of stay in Hungary.

  4. Confirms that the investment capital comes from a legitimate source of income and is sufficient for investment.

  5. Is not to be deported, and their entrance and stay in Hungary does not threaten the country’s national policy, social security, national security, or public healthcare.

  6. Is not an EU or EEA citizen.

The investment must be completed within 93 calendar days after the investor’s first entry into Hungary with the Guest Investor Visa.

The Guest Visa becomes invalid when a 10-year residence permit is issued.

Required documents to get Hungary residency by investment

To apply for a Hungary Guest Investor Visa and a residence by investment, the foreigner should provide the following documents:

  1. Passport with a validity period of at least 12 months.

  2. Two 3×4 cm photos taken not earlier than a month ago.

  3. Health insurance.

  4. Written confirmation of the intention to fulfil the investment condition.

  5. Proof of the legitimacy of the income.

  6. Bank statement indicating a cash balance.

  7. CV for each family member over 18.

  8. Marriage certificate.

  9. Birth certificates, if applicable.

  10. Filled in residence permit form when applying for residency.

When applying for a residence permit, additional documents are required proving fulfilment of the investment conditions. Such documents are the following:

  • a share certificate if purchasing real estate fund units;

  • a purchase and sale agreement for real estate;

  • a certificate from the institution of higher learning if donating.

Step-by-step process for obtaining Hungarian RP by investment

1

1 day

Preliminary Due Diligence

Immigrant Invest conducts a preliminary check of an investor. It helps identify the risk of denial on time and reduce it to a minimum.

Certified Compliance Anti Money Laundering Officers carry out the check. They know all the nuances of Due Diligence in different countries. The check is fully confidential.

Pass a quick test and learn the nuances that can prevent you from obtaining a residence permit.

Evaluate chances
2

≈ 2 weeks

Preparing documents

Immigrant Invest lawyers provide investors with a list of required documents for the Guest Investor Visa application. The investor submits the originals, and the lawyers handle notarisation of copies and arrange necessary translations.

3

≈ 1 month

Getting a Guest Investor Visa

The Guest Investor Visa is valid for up to 6 months. During this time, the investor must visit Hungary, complete the investment, and apply for a residence permit.

If the investor’s passport allows visa-free entry to Hungary, the Guest Investor Visa is not required.

4

2 business days

Trip to Hungary to apply for residency

The applicant enters Hungary on a Guest Investor Visa to sign an agreement with the fund or real estate seller.

If the investor opts to purchase fund units or make a donation, they must also buy or rent residential property, as a registered address in Hungary is required to obtain a residence permit.

The investor can apply for a residence permit in person at the regional office of the National Directorate-General for Aliens Policing or online via the Enter Hungary platform.

If the applicant’s attorney-in-fact is a legal representative or legal entity, an online application is the only option.

5

Within 3 months

Fulfillment of the investment condition

The investor has 3 months after applying for residency to close the deal with purchasing of investment fund units or property or donating to a university.

6

Up to 30 days

Approval and receiving a residence permit card

The residency application is processed within 21—30 days.

The residence permit card is ready within 7 days after approval. Immigrant Invest collects and couriers it to the investor.

7

After 10 years

Extending of residence permit

Hungary residence by investment is valid for 10 years. It can be extended once for the same period.

To extend the residence permit, the investor must demonstrate that the investment conditions are still met. If the property was sold or its value has dropped below €500,000, the applicant must acquire a new property that meets the program’s requirements.

How to get permanent residence and citizenship in Hungary

Hungary permanent residence can be obtained after 3 years of living in Hungary. To qualify, the investor has to spend at least 183 days in the country.

Permanent residence is granted for life, though the ID card should be renewed every 5 years.

The foreigner can apply for citizenship after living in Hungary for 8 years as a permanent resident. To qualify, the applicant must not be absent from Hungary for more than 45 days per year throughout this period. Additionally, they must pass exams in the Hungarian language and on the country’s history.

Learn about Hungary’s Golden Visa program and the benefits can offer

Golden Visas in other European countries

Some European countries, such as Portugal, Greece, Cyprus, Spain, and Italy, also offer Golden Visas. As in Hungary, foreigners do not need to live there permanently to maintain the status.

Depending on the chosen country, investors can obtain residence permits for a minimum of €250,000 to 500,000.

Greece, Cyprus, and Spain offer residency in exchange for purchase of real estate.

Comparison of Golden Visa programs in Europe

Case studies

Residency and Immigrant Invest stay with you

After obtaining a Hungary investment visa, one may require additional services, such as document replacement or bank account opening. See how we continue to support our clients.

  • Renewal of residence permits

    We help investors and their family members renew their residence permits after 10 years.

  • Opening bank accounts

    We prepare all the documents and fill out the required forms.

  • Inclusion of family members

    We assist spouses, children, and parents of main applicants in obtaining residence permits after investors secure theirs.

  • Selection of real estate

    We help investors find a suitable property for the Golden Visa and relocation.

  • Company incorporation

    We prepare documents and assist both residents and non-residents in setting up companies.

  • Other services and documents

    We help prepare business visa invitations, obtain tax numbers and tax certificates, change a driver’s licence, and provide registration addresses.

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Let's discuss the details

Schedule a meeting at one of the offices or online. A lawyer will analyze the situation, calculate the cost and help you find a solution based on your goals.

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Frequently asked questions

  • Does Hungary have a Golden Visa?

    Yes, Hungary will launched a Golden Visa program for non-EU and non-EEA citizens in 2024. To obtain a Hungary RP by investment, applicants may purchase residential property, invest in real estate fund units, or donate to an institution of higher learning.

    The minimum investment amount is €250,000, and the residence permit is granted for 10 years.

  • Can I get residency in Hungary if I buy a house?

    Yes, you can obtain a residence permit in Hungary through residential property purchase for at least €500,000. This option becomes available on January 1st, 2025.

    Other qualifying investments include charitable donations to institutions of higher learning and purchasing real estate fund units.

  • How can I get a residence permit in Hungary?

    You can get a residence permit in Hungary by investing in one of three options:

    • purchasing of residential property — €500,000+;

    • investing in local real estate funds — €250,000+;

    • donating to an institution of higher learning — €1,000,000+.

    First, the investor obtains a Guest Investor Visa for 6 months. This visa gives the right to enter Hungary to make an investment and apply for a residence permit. The investment condition should be fulfilled within 93 days from the first entrance to Hungary on the Guest Investor Visa.

    A Hungary residence permit can also be obtained by digital nomads, entrepreneurs, relatives of Hungarian citizens and residents, students, scientists, diplomats, volunteers, and patients of local clinics.

  • How long does it take to obtain a Hungarian residence permit by investment?

    The Hungarian residence permit by investment can be obtained in at least 5 months. The residence permit will be valid for 10 years and may be extended once for the same period.

  • How much does it cost to obtain a Hungarian residence permit?

    The minimum investment for a Hungary residence permit is €250,000 and depends on the chosen option:

    • property purchase — €500,000+;

    • investment in local real estate funds — €250,000+;

    • donation to an institution of higher learning — €1,000,000+.

    In addition to the investment amount, applicants pay administrative, government, and services fees.

  • Can I travel to Europe with a Hungarian residence permit?

    Yes, as Hungary is part of the Schengen Area, Hungarian residence permit holders can travel visa-free to the Schengen countries and stay there for up to 90 days out of 180.

  • What are the benefits of a Hungarian residence permit?

    The benefits of a Hungarian residence permit include:

    • visa-free travel across the Schengen Area;

    • opportunity to move to Hungary with the family;

    • right to work and do business in Europe;

    • tax optimisation;

    • access to high-quality education and healthcare;

    • opening accounts in Hungarian banks with a minimum pack of documents;

    • direct pathway to permanent residence and citizenship.

  • Can I work in the UK with a Hungarian residence permit?

    No, as a resident of Hungary, you are not allowed to work in the UK. To do this, you have to obtain a UK work permit. However, Hungary’s residence permit allows employment and business activity in any EU country.

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Let’s discuss the details

We will develop an individual solution, select a country and status that will solve your problems, and accompany the entire process.

Zlata Erlach
Zlata Erlach

Head of the Austrian office

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