Immigration
Hungary | Overview of Hungary’s new Golden Visa Program: Opportunities, requirements and considerations
Summary
As of 2024, Hungary offers the possibility for individuals from third countries to obtain a Golden Visa. Officially named the Guest Investor Residence Permit, it has a validity of 10 years and also allows holders to spend up to 90 days within any 180-day period in other Schengen Area countries without an additional entry visa.
The Detail
This permit involves a minimum investment of either EUR 250,000 in an investment fund fulfilling the conditions specified by the immigration law or EUR 500,000 in Hungarian residential real estate, with a mandatory 5-year investment holding period.
The Guest Investor Residence Permit offers a maximum initial validity of 10 years, extendable once. Notably, individuals are not required to spend an extended period in Hungary to maintain the permit’s validity. Accommodation in Hungary during the permit’s validity is necessary but can be fulfilled through various means.
Obtaining the Guest Investor Residence Permit does not trigger personal income tax or social security contribution obligations automatically. However, individuals considering a longer stay in Hungary may need to address these aspects. Hungarian tax regulations can be advantageous for those with higher passive income.
Acquiring Hungarian citizenship requires a residence card, not provided with the Guest Investor Residence Permit. Family members, including spouses, minor children, and dependent parents or certain relatives, can apply for a residence permit with similar benefits.
The permit allows the holder to work in Hungary without a separate approval process. For further details please read our detailed update here.
Contact us
Vialto will continue to monitor developments and the possible impact for businesses and employees. For further details on the above, please reach out to your usual Vialto Partners contact, or alternatively contact:
Dénes István Megyesi
Director
Kaya Magyar
Manager
Further information on Vialto Partners can be found on our website: www.vialtopartners.com
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Contact us on the following address – me-immigration@vialto.com
Vialto Partners (“Vialto”) refers to wholly owned subsidiaries of CD&R Galaxy UK OpCo Limited as well as the other members of the Vialto Partners global network. The information contained in this document is for general guidance on matters of interest only. Vialto is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information is provided “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability and fitness for a particular purpose. In no event will Vialto, its related entities, or the agents or employees thereof be liable to you or anyone else for any decision made or action taken in reliance on the information in this document or for any consequential, special or similar damages, even if advised of the possibility of such damages.
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Further information on Vialto Partners can be found here: www.vialtopartners.com
Vialto Partners (“Vialto”) refers to wholly owned subsidiaries of CD&R Galaxy UK OpCo Limited as well as the other members of the Vialto Partners global network. The information contained in this document is for general guidance on matters of interest only. Vialto is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information is provided “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability and fitness for a particular purpose. In no event will Vialto, its related entities, or the agents or employees thereof be liable to you or anyone else for any decision made or action taken in reliance on the information in this document or for any consequential, special or similar damages, even if advised of the possibility of such damages.
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