The New Hungary Golden Visa Program is here

• Posted on Jul 11, 2024
• In Industry News, Hungary

A Game-Changer in Residency by Investment in Europe

The Hungarian government recently announced the launch of its highly anticipated Golden Visa program, which has begun accepting applications on July 1st, 2024. This new initiative aims to attract foreign investors by offering a straightforward path to obtaining Hungarian residency through investment.

The program comes when many European countries have either suspended or significantly altered their residency by investment schemes, making the Hungary Golden Visa a compelling option for those seeking a European foothold.

The Investment Options

The Hungary Golden Visa program offers three distinct investment options for applicants:

• Purchasing real estate fund units for €250,000+: Investors can acquire units in an approved local real estate fund registered with the Hungarian National Bank.
• Acquiring a residential property of €500,000+: Starting January 1st, 2025, investors will have the option to purchase a residential property in Hungary worth at least €500,000.
• Making a donation of €1,000,000+ to a higher educational institution in Hungary.

A Reasonable Time Frame

The Hungary Golden Visa stands out from other programs by offering a relatively short processing time. Applicants can expect to complete the entire application process within 6-8 weeks, a significant advantage over some other European Golden Visa programs that can take several months or even years to process. Another key advantage of the Hungary Golden Visa is that it has no nationality restrictions – Russians, Belarusians, and Iranians are all eligible to apply.

A Strategic Destination

Hungary presents a compelling case for investment, with its centrally located position within Europe, high quality of life, and relatively low cost of living compared to other European capitals. The country’s political stability and pragmatic approach to emerging global dynamics make it an attractive option for those seeking a secure and stable base in Europe.

Insights and Expectations

While the Hungary Golden Visa program is new, the country has a history of successful residency by investment initiatives. In the past, Hungary’s permanent residency by investment program, which operated from 2013-2017, attracted significant interest from foreign investors.
As the new program launches, industry experts are optimistic about its potential success. Many believe that Hungary may well become the new market-leading Residency by Investment program in 2024 and beyond. The program’s affordability, fast processing times, and the lack of minimum stay requirements are expected to be major draws for investors.

How Arton Capital Can Assist

Arton Capital, a leading global mobility expert, has been a trusted partner of the Hungarian government since 2013. With our global reach, diverse team, and local physical presence in Hungary, we are well-positioned to guide investors through the new Hungary Golden Visa program, ensuring a smooth and successful application process.

Join the First Wave of Investors

Do not miss this opportunity to secure your place in Hungary’s new Golden Visa program. Contact Arton Capital today to learn more about the application process and how we can help you achieve your residency goals in Europe.