Citizenship Residency
Hungary Golden Visa and Investment Programmes
Residency bond investment in Hungary
IMPORTANT NOTE. The Hungary residency bond programme has now closed for applications (March 2017). Citizenship by investment in Hungary is no longer possible. Investors are advised to look at suitable alternatives in Europe including programmes such as Portugal and Malta. Contact La Vida for futher advice.
Permanent residency was available in Hungary through investment in the Hungarian Residency Bond Program. A fast track investor program granting a five year residence permit to applicants investing €300,000 in government bonds. The capital was returned in full after 5 years with no return. The amount excluded administration, government and processing fees.
The residency could be renewed after 5 years at no further cost. Citizenship could be applied for after 8 years but under strict conditions including a language test. Hungary is an EU Schengen visa country and this visa allowed freedom of travel throughout the EU Schengen zone
Hungary Residency by Investment & Golden Visas
- Required real estate investment minimum - €155,000
- Residency in 4 months
- Most affordable EU program
- Residency for the entire family
- Within 24 hours, we shall conduct a preliminary assessment and gauge your prospects
- EU tax haven - among the world’s most beneficial tax codes
- 5 year residency with right to extend
The ‘Heart of Europe’ may be your best pathway to the exclusive EU Plan B
The Hungarian Residency by Investment Program is the most affordable EU Golden Visa – targeting real estate investments into one of Europe’s most promising and growing markets – Budapest.
Hungary Golden Visa is risk-free – investment made after approval.
Benefits of Hungary Residency
One of Europe’s oldest countries, Hungary continues to define European culture, lifestyle, and luxury. A country famous for its thermal springs and the world’s first official wine region, the capital, Budapest, has been hailed as the “Heart of Europe” for centuries.
Route to EU Status
Permanent residency possible after 3 years and citizenship after 8 years
Freedom of Movement
Residency comes with access to the EU’s coveted Schengen Zone
For the Entire Family
Include spouse, unmarried children, and parents on same application
No Physical Residency
Successful investors must maintain property and address, but no physical residency is required
Right to Extend
The initial residency permit is for 5 years and residency is easily renewed
Streamlined Process
No language, residency, or knowledge requirements
No Gov’t Donations
Real estate investment is the only option - no government donations or contributions
European Tax Haven
Hidden EU secret, Corp tax of 9% & Income tax of 15%
EU Plan B
Lifestyle and financial security with EU economic and political stability
Request a call back
Fill in our contact form and one of our immigration experts will reach out to you shortly.
Investment Requirements
Real Estate Investment in Budapest
- Property must be located in the capital city of Budapest
- Property must have a value of at least €155,000 [approx. $170,000 USD]
- All residential properties are eligible – new construction or existing inventory
- Investor must secure prior approval from the Land Committee*
- Investor must pass Due Diligence and Income checks – must establish annual income of at least €75,000 for a family of 4
- Investor must make a 10% deposit on the chosen property
- Within 90 days of receiving final approval, remaining property price and all program fees must be paid in full
*Astons handles all aspects of Land Committee approval, residency application, and the real estate process
Additional Program Fees*
- Sales tax – 4%
- Stamp duty – €135
- Other expenses – €200
- Budapest legal fees for property transaction – from 0.4 to 1%
- State immigration fees for residency process – €30,000
*Astons Legal Support is in addition to program fees
Important Program Notes
- Full cash option only – no mortgages
- Property cannot be used for rental income
- Property ownership and valid physical address must be maintained for residency. Original property may be sold for another property of equal or greater value
Eligible Family Members
The following can be included on one application:
- Investor – main applicant
- Spouse
- Financially dependent and unmarried children – no age restrictions
- Parents of main applicant or spouse
Step-by-Step Guide for a Category D Hungarian Residency Permit
-
3 DAYS
Preparation
1
Interview with an Astons immigration expert
An expert from Astons will assess the Hungary Program with you to ensure that it addresses all of your needs, wants, and demands.
If so, Astons will conduct our exclusive in-house pre-approval assessment and KYC/Due Diligence analysis to determine your likelihood of being approved.
Our expert will also prepare a portfolio of property listings for your review based upon your property search checklist.
2
Signing contract and paying for legal fees
Once you sign the contract and legal fees are paid, Astons will begin assisting you in document collection and ensuring your documents meet application requirements.
-
1 MONTH
Obtaining a visa
3
Applying for initial temporary visa
At this stage, the investor applies for the temporary Category D visa which permits them to conduct the Golden Visa process.
The state will conduct its official due diligence and background checks as a part of the immigration process.
The application process is conducted fully remote through the investor’s nearest Hungarian consulate or embassy.
4
Obtaining the residency visa
Once the visa process is approved, the investor is required to visit Budapest to submit biometric data and receive the residency card in-person.
The initial residency is valid for 12-months and permits a single entry into Hungary to finalize the Golden Visa and property purchase.
-
1-3 MONTHS
Purchase of real estate
5
Real estate selection begins
The investor now needs to identify which property they would like to purchase and provide the required 10% down payment to secure the property
6
Final application approval received
Once final approval is received, full payment of remaining program fees and property costs must be made within 90 days – certificate of ownership is conveyed with payment
7
Hungary residency permit
Once the real estate transaction is finalized, Hungary automatically changes the category D visa to a long-term 5 year residency card – renewable with maintained property ownership and valid Budapest address
