First investment fund gets approved for the Hungarian Golden Visa Program
The Hungarian Golden Visa Program began on July 1, 2024, allowing foreign investors to apply for a „guest investor” visa, although the actual investment process had not been available. Now, the first investment fund has obtained its license, and investors can move forward with both the investment and their residency applications.
Investment Option: EUR 250,000 in a Real Estate Fund
The primary investment opportunity in Hungary’s Golden Visa Program requires a EUR 250,000 contribution to a real estate fund. The fund’s portfolio must include at least 40% in Hungarian residential real estate projects and must be registered with the Hungarian National Bank (MNB) with a special license to participate in the program.
Since the program’s launch, investors have been able to apply for a guest investor visa, committing to invest without having an approved fund available. On October 29, 2024, however, the first investment fund received approval, allowing participants to finalize their investment and apply for residency for themselves and their families.
Currently, there are four additional investment funds awaiting approval, likely to receive licenses by early 2025, providing investors with more choices.
Applying for Guest Investor Residency
To apply for a 10-year residency in Hungary, investors may choose between three types of investments (learn more here), with the first and most affordable option currently available: the EUR 250,000 real estate fund investment.
To start, applicants need a proof of funds and must pledge to invest in one of the program’s listed options. They can then apply for a guest investor visa, which allows multiple entries to Hungary over six months or until the residency permit is issued.
Investors who already have the visa can now make the required investment, after which they may apply for the 10-year residence permit for themselves and their family. For new applicants, the license granted to the first investment fund assures that as soon as their visa is approved, they can proceed without delay to obtain residency.
Benefits of the Hungarian Golden Visa Program
The Hungarian Golden Visa Program, or „guest investor” program, is among Europe’s most appealing residency options. It provides a 10-year residency for investors and their close family members, and offers rapid processing times. Investors can obtain Hungarian residency within just a few months, far quicker than similar EU programs, which can take 18 to 24 months.
With Hungarian residency, holders enjoy visa-free travel across the EU and Schengen zone, making Hungary an attractive base for European operations. Positioned centrally in Europe, Hungary offers convenient access to major cities by land and air. The country also boasts modern infrastructure and a high standard of living at a fraction of Western Europe’s costs. Residence permit holders are allowed to work or run businesses in Hungary without restrictions.
Need Assistance?
Helpers, Hungary’s leading provider of business, immigration, and investment services, can ensure a smooth Hungarian residency application process for you and your family. Contact us today to speak with an expert about your options.
