New Hungarian Residency by Investment program: big plan for year 2024

Hungarian Residency

On November 15, 2023, the Hungarian government presented a draft law that includes a section on issuing an investment residence permit to non-EU citizens. It is obvious that Viktor Orban’s cabinet has decided through its own efforts to attract additional funds into the country, which the local economy so desperately needs after budget shortfall this year. New Hungarian Residency by Investment program aka the Guest Investor Program (GIP) will be implemented not sooner then 1st of September 2024.

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