News Article
The Hungarian Parliament successfully passed a new immigration law today, marking the introduction of a groundbreaking golden visa program for investors. While some adjustments have been made to the initial bill, primarily impacting filing deadlines, the core aspects of the “guest investor” program remain exceptionally favorable.
In a significant development as of today, December 8, news has emerged that Hungary’s upcoming golden visa program, also referred to as the “guest investor program,” will officially kick off in January 2024. It is strongly recommended to initiate preparations for the application process without delay. Read on for comprehensive details or reach out to us to stay ahead of the curve!
Last week, Hungary announced a new golden visa program set to launch in 2024 (exact date pending). However, Hungarian residency is currently attainable through real estate investment. The question arises: wait for the new program or act now? Let’s explore.
Today, the Hungarian government has published plans to introduce a new golden visa option for investors (known in Hungarian as “guest investor residence permit”), making this the latest and most attractive investment residency program in the EU.
According to the results of the last census, the number of foreign nationals living in Budapest as well as Hungary has been growing steadily over the last 20 years. In some of the more popular districts, almost a quarter of the residents are foreigners. Hungarian residency remains simple and transparent compared to EU standards.
Foreign-owned companies have been contributing massively to Hungarian economy over the last fifteen years. Get an overview of what this means in numbers, and consider how your business might fit a niche on the Hungarian market.