Hungary Golden Visa by Real Estate Investment: Pros and Options

Today, having a backup in case of unforeseen circumstances is the decision of calculating and modern people. Thousands of investors make large investments every year to discover new ways of development, life and investment. With the help of a special government project Hungary Golden Visa, one can legally move to Hungary and enjoy all the privileges of the country on an equal footing with the locals.

The Hungarian government launches the program, which is designed for those who are ready to invest in real estate. Financially independent persons can easily apply for Hungary Golden Visa, invite close relatives to participate and become the owner of a special status in the shortest possible time. In general, moving to the Hungarian territory has positive prospects for all candidates. They are related to the growth of the economic sphere, the stability of the state in the field of politics, relatively loyal prices for living with all mandatory expenses, as well as a list of other advantages that attract thousands of foreigners around the world.

Real Estate Investment Options in Hungary

The Hungarian government is actively attracting foreign investors to participate in the project in order to improve the country's economy and open up new fields of activity. Future holders of a European card for legal residence in Hungary can use several financing options. These include:

1. Transferring money to the account of the Hungarian real estate fund in the amount of a quarter of a million euros.
2. Conclusion of a deed of sale of a residential property in the amount of half a million euros.

The above mentioned changes to the Hungary Golden Visa program are valid from 2024 and will soon be put into effect. By making a purchase on real estate at minimal cost even in the most obscure city of the state, you can become the owner of a certificate for permanent residence within a month.

Candidates for a map of Hungary can use the property at their discretion, but selling it, according to the rules, is not allowed. Otherwise, the status will be lost, and the invested financial resources will be used in vain.

Other Ways to Obtain Golden Visa

Having a backup plan B through real estate investment is not considered something difficult or unrealistic these days. Apart from investing a certain amount of assets from a candidate for legal status in real estate, there are other ways to achieve this goal. The owners of large monetary capitals can make a charitable contribution to the public foundation of Hungary in the amount of 1 million euros. Also, the applicant is given the opportunity to make a one-time funding to a university or other educational institution at his/her discretion.

Eligibility Criteria for the Hungary Golden Visa

In order to obtain a special status in Hungary, one has to fulfill a number of requirements that are stipulated by the local migration service. The White Card can be applied for by persons who:

• do not have a share in a Hungarian company;
• have passive income outside the country;
• comply and fulfill the requirements in the process of submitting documents for participation in the program.

Also, Hungary Golden Visa through real estate investment implies the purchase of an object that has already been rented out for occupancy with an area for each participant of at least 5 square meters. It is important to note that it is prohibited to lease to other persons who are not holders of special status. In addition, besides the application, the candidate for the Hungarian card must have no criminal record and confirm the legality of the money received for the investment.

Application Process for Hungary Golden Visa

Vladlena Baranova, a leading expert of Immigrant Invest agency, offers a brief overview of the application process and the conditions of eligibility for a government project in Hungary. The system provides for a certain algorithm of actions:

• monitoring of the client's documents;
• payment of state fees depending on the number of participants;
• visiting the embassy in Hungary;
• obtaining a temporary permit of type D;
• issuance of an investor identity card;
• purchase of the property within 3 months.

After the purchase, the applicant should be given a copy of the contract of ownership of the residential property, which will be used as the official address of the investor.

Benefits of the Hungary Golden Visa

In Hungary, the participants of this project are called guest investors. The expediency of applying for participation in the program is conditioned by a number of benefits of Hungarian residence:

• chances for favorable residence in a country with a stable economy;
• low tax payment requirements;
• no requirements to invest money in the local economy;
• accessibility in terms of financial capacity of candidates;
• unimpeded access to the European Union countries;
• affordable pricing policy on the real estate market ;
• promptness in obtaining authorization;
• no residency requirements;
• comfortable living conditions at the European level.

Financially independent persons can choose at their discretion the city that they like the most.

Conclusion

Immigrant Invest works hard for its clients and has earned a reputation as a reliable partner in the process of obtaining a residence permit anywhere in the world. Want to get advice on all changes and requirements for the program in countries with the capital Budapest? Submit an application on the agency's official website.