After a brief hiatus, Hungary has announced the re-launch of its highly sought-after Golden Visa program, effective from 2025. This move is expected to attract a significant influx of foreign investors and high-net-worth individuals seeking residency and citizenship benefits in the European Union.
Key Benefits of the Golden Visa Program
The Golden Visa program, also known as the “Residency Bond Program,” was initially introduced in 2013. It offers foreign nationals the opportunity to obtain residency in Hungary in exchange for a significant investment in the country’s economy. The program has undergone several changes over the years, with the latest iteration promising to be more attractive than ever.
Residency in the EU
Successful applicants will be granted residency in Hungary, allowing them to live, work, and study in the country. This also provides a pathway to obtaining citizenship in the EU.
Visa-Free Travel
Golden Visa holders will enjoy visa-free travel to all Schengen countries, making it an attractive option for those seeking ease of movement within the EU.
Low Minimum Stay Requirements
Applicants are required to spend only a minimum of 90 days per year in Hungary, making it an ideal option for those with international business or personal commitments.
Investment Opportunities
The program offers a range of investment options, including government bonds, real estate, and business investments, providing flexibility for applicants to choose the investment route that best suits their needs.
How to Apply for the Golden Visa Program
Interested applicants can apply for the Golden Visa program through Inter Citizenship. The application process typically involves:
Eligibility Criteria
Applicants must meet certain eligibility criteria, including a minimum investment of €250,000 in government bonds or €500,000 in real estate or business investments.
Application Submission
Applicants must submit their application, along with required documents, to the Hungarian authorities.
Approval and Residency
Once approved, applicants will be granted residency in Hungary, which can lead to citizenship after meeting certain requirements.
Why Choose Hungary's Golden Visa Program?
Hungary’s Golden Visa program offers a unique combination of benefits, including:
Fast-Track Residency
Applicants can obtain residency in as little as 3-6 months.
High Standard of Living
Hungary offers a high standard of living, with access to quality education, healthcare, and infrastructure.
Strategic Location
Hungary’s location in the heart of Europe provides easy access to major business hubs and tourist destinations.
Quick take-away
Hungary’s re-launched Golden Visa program presents an exciting opportunity for foreign investors and individuals seeking residency and citizenship in the EU. With its attractive benefits, flexible investment options, and fast-track residency, this program is expected to attract a significant number of applicants in 2025. If you’re interested in learning more about the program or would like to apply, contact Inter Citizenship today.
