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Frequently Asked Questions

What is the Hungary Golden Visa?

The Hungarian Investor Immigration Program, also known as the Hungary Golden Visa, allows non-European Union nationals to acquire permanent residency in Hungary through investment. It is one of the most popular golden visa programs in Europe.

Is Hungary a Schengen country?

Yes, Hungary is a Schengen country. Visas and residence permits issued by Hungary are valid in all Schengen states, including Switzerland. The currency in Hungary is the Hungarian Forint (HUF), with approximately 400 forints equal to 1 euro.

Can I live and visit EU Schengen member states with a Hungarian Golden Visa?

Yes, with a valid Hungarian residence permit, you can visit all 28 Schengen states for business or tourism purposes, staying up to 90 days within any 180-day period. You can also live in these countries for a maximum of 180 days within a 6-month period.

Can I visit non-Schengen EU member states with a Hungarian residence card?

Yes, you can visit non-Schengen EU member states such as Bulgaria, Croatia, Romania, Cyprus, Bosnia, Moldova, Montenegro, and Georgia. You can also visit Turkey with an e-visa using your Hungarian card. Note that the UK is not part of the Schengen zone, so a separate UK visa is required.

Is the Golden Visa program approved by the Hungarian Government?

Yes, the program is fully backed by the Hungarian Government. [Download the gazetted law here].

Is the Government fee refundable?

No, the Government fee is non-refundable once your application is approved.

What is the exit strategy after the 5-year period?

After 5 years, there is an option of buy back of your Real estate Investment Fund shares with a 5-8% ROI. This way your  €250,000 you invested is returned to back to you. You will retain your permanent residency status and there is no need to subscribe to the fund’s shares again.

What are the eligibility conditions to apply under the scheme?
  • The main applicant must be over 18 years old.
  • No criminal record.
  • Spouse included.
  • Siblings and grandparents can be included if they cannot support themselves.
  • No language, age, or work experience requirements.
Can I appoint a proxy to handle my case from abroad?

Yes, you can appoint a proxy to manage your case.

What documents are required?

• Valid passports and ID cards.
• Police record certificate from the country of origin.
• Health insurance coverage in Hungary.
• Marriage certificate (must have an apostille).

What if my application is rejected by Hungarian authorities?

You must appeal within 8 days. Your investment will be refunded, minus applicable charges.

Are there any residency requirements to live in Hungary?

Once granted permanent residency, there is no obligation to live in Hungary. However, you are free to enter and exit any Schengen country.

Can newly born children get PR status?

Yes, if a child is born in Hungary, parents holding Residency status can approach us for the child’s residency. We can assist in applying for the new-born child.

Is it possible to get Hungarian citizenship under this program?

Yes, you can apply for Hungarian citizenship and a passport after 8 years of continuous residence, passing a Hungarian language test, and taking an oath.

Can I work under the Golden Visa scheme?

Yes, both you and your family members are allowed to work. Investors can engage in activities independently or as chief executives, while family members can work under employment contracts.

Can I buy real estate in Budapest?

Yes, with a residence permit card, you can buy real estate in Hungary. Typically, a nice flat in a central area costs around €250,000. You can buy two properties for €500,000 after getting approved under the Golden Visa scheme.

Can I get a residency visa by only buying real estate?

Yes, this program includes a 100% property investment option.

Do I need to pay taxes in Hungary?

You become a tax resident if you live more than 183 days per year in Hungary. The Hungarian tax authority (NAV) will issue you a tax ID card, which is recommended to have.

How to get Hungarian citizenship?

The Guest Investor Visa provides a path to naturalization for EU citizenship in Hungary after 8 years of continuous residence. You must pass a Hungarian language and cultural test.

Does Hungary permit dual citizenship?

Yes, Hungary allows dual citizenship.

Can EEA/EU citizens apply under this program?

No, this scheme is only open to non-EU nationals.

What are the approval and success rates?

We have a 99% approval rate as we conduct due diligence on clients beforehand to ensure eligibility.

Are you an authorized agent for the Hungarian program?

We work with trusted partners in Hungary.

Can US citizens apply under this program?

Yes, we welcome applications from US citizens and encourage real estate investment in Budapest.

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