At the end of 2023, the Hungarian government approved a draft law that includes a section on issuing a 10-year residence permit to non-EU citizens. According to the new conditions, applicants from third countries will be able to obtain a residence permit under the Hungary Guest Investor Program for an investment of €250,000 or more. As a result, the program began its work on July 1, 2024.
In fact, Hungary Guest Investor Residence Permit is a relaunch of the Hungarian Golden Visa, but with new requirements. It is obvious that Viktor Orban’s cabinet has decided through its own efforts to attract additional investments into the country, which the local economy so badly needs. At the same time, there are no alternative options for obtaining a residence permit in Hungary – applying for an Other Purposes visa is no longer possible.
Hungary Guest Investor Residence Permit will allow you to reside temporarily or permanently in the EU and become a full-fledged participant in the European banking system.
So, applicants for obtaining an investment residence permit in Hungary are offered three options to choose from. Buy residential real estate worth €500,000 or more, invest in an authorized venture fund (real estate) of €250,000 or donate €1 million in public funds that the government has created to support local universities.
Hungary Guest Investor Residence Permit is not a sticker in a passport, but a resident card. Thanks to this document, investor may travel around Schengen countries without a visa. At the first stage of processing, the applicant receives a Hungary Guest Investor Visa, at the second – Guest Investor Residence Permit. But some applicants are exempt from the requirement to be in a possession of a Guest Investor Visa when crossing the external borders of the Member states for stays of no more than 90 days in any 180-period.
Request the list of third countries from APEX.
BENEFITS OF HUNGARY GUEST INVESTOR PERMIT
– Visa-free travel in Europe (Schengen area)
– A Guest Investor permit is renewable – issued for a period of 10 years and can be extended for 10 years more while maintaining the investment
– No strict living requirements
– Residency extended to family members (spouse and children under 18 years of age)
REQUIREMENTS FOR HUNGARY GUEST INVESTOR PERMIT
– The investor must be over 18 years of age, have no criminal record, and not be an EU citizen
– Possession of a valid passport
– Documented proof of the source of invested funds
– Get medical insurance
– The investor must not have a previous criminal record
Apex Capital Partners will provide professional legal support, advise at all stages while obtaining Hungary Guest Investor Permit, and will also prepare all necessary documents.
OPTION 1.
Purchase of an investment fund share*
€250,000
*Must be issued by an authorized real estate fund registered by the Hungarian National Bank
Mandatory holding period – 5 years
OPTION 2.
Purchase of a residential property*
€500,000
(minimum)
*Option is invalid until the 1st of January 2025.
OPTION 3.
Donation to a tertiary education institution*
€1 million
(minimum)
* Must be maintained by a public trust with a public-service mission.
Please note that mandatory government fees will be added to the declared investment amounts. As well as legal support services. Request a cost calculation from APEX.
IMPORTANT NEWS
Hungary Guest Investor opened for applications from July 2024. Does it really work?
Officially, the new program “Hungary Guest Investor” started on July 1, 2024. Despite the fact that the Guest Investor Program can already accept applications, processing is not fully operational. Let’s look at why the situation has developed this way. Obviously, most potential applicants are interested in the minimum threshold for entry into the program. However, the requirements for the qualifications of managers of such a fund were announced by the Constitution Protection Office only in May 2024. Only then were all PNSS candidates able to submit their candidatures for consideration. Unfortunately, as of early August 2024, no one had yet completed the verification process, which means there is no authorized fund. Considering that the fund will be responsible for the investor’s money for five years, it would be wise to consider even several options when choosing.
The residential real estate option has also attracted preliminary interest from many potential applicants. However, the founders of the Hungarian residence permit program announced that this option will only begin to work from January 1, 2025. Moreover, property purchased earlier than this period will not qualify for the program. Let us clarify that, according to the approved conditions, this must be one residential property worth at least €500,000, fully completed, and fully owned by the main applicant. Thus, objects under construction will not be subject to the program.
CARIBBEAN CITIZENSHIP BY INVESTMENT
Caribbean citizenship by investment is allowed in Antigua & Barbuda, Anguilla, Dominica, Grenada, Saint Lucia, and St. Kitts & Nevis. Acquiring a second passport in Caribbean countries has many benefits.
CITIZENSHIP BY INVESTMENT IN REAL ESTATE PROJECTS
Apex Capital Partners has experience in the real estate market. This allows you to find reliable developers around the world whose projects allow you to obtain citizenship for real estate.
ABOUT APEX CAPITAL PARTNERS
Apex Capital Partners Corp. is a full-service government mandated advisory firm specializing in second citizenship and investor immigration programs for a multinational clientele.
APEX provides services with end-to-end execution for many HNWI, representing them to Citizenship by investment programs in countries around the world.
- More than 30 YEARS of investment consulting
- More than 3 BILLION USD in investments
- More than 3000 CLIENTS served internationally
Nuri Katz,
Founder of Apex Capital Partners Corp.
«Dual citizenship isn’t a political gesture; clients view this as an asset to their business or brand. Vanuatu citizenship is a tool for doing business, similar to an exclusive club membership, to be leveraged as necessary»..
