WHY HUNGARY
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Exciting News for 2024: Hungary Launches New Guest Investor Visa Program
While 2023 witnessed the closure of various Golden-Visa Residency Programs by Investment programs in Ireland, the UK, and soon Portugal and Spain, there’s some good news: Hungary has launched its brand-new Guest Investor Visa program on January 1, 2024. This program has a minimum capital requirement of €250,000.
You can find out more about the benefits of the new Hungarian Golden Visa [here].
Additionally, let’s explore why Hungary is an excellent choice for your second – or primary – home in 2024.
Why it is good to live in Hungary:
- High-ranking passport: Hungarian passport is among the top 10 passports in the world
- Visa-free travel to 173 countries around the world
- Rich historical and cultural heritage
- Excellent public services: offer a wide range of services to its citizens, including full-care healthcare and high-quality education systems
- Central location in Europe: Hungary's central location in Europe is an excellent base for exploring the continent or starting a business, while being easily accessible from different parts of the world
- Tourist attraction: the Hungarian capital, Budapest is the 8th most popular tourist destination in Europe and is visited by more than 2 million tourists every year
Comparison with other Golden Visas
| Country | Status | Minimum investment | Obtaining period | Initial permit validity | Permit extension | Number of investment options | Types of investment properties | Requirement to stay |
|---|---|---|---|---|---|---|---|---|
|
Hungary Golden Visa |
Residence permit |
€250,000 |
2+ months |
10 years |
For 10 years |
3 |
Residential |
None |
|
Portugal Golden Visa |
Residence permit |
€250,000 |
8+ months |
2 years |
For 2 years |
5 |
None |
7 days a year |
|
Italy Golden Visa |
Residence permit |
€250,000 |
3+ months |
2 years |
For 3 years |
4 |
None |
None |
|
Greece Golden Visa |
Residence permit |
€250,000 |
6+ months |
5 years |
For 5 years |
6 |
Residential or commercial |
None |
|
Cyprus Golden Visa |
Permanent residence |
€300,000 |
6+ months |
Lifelong |
Not applicable |
4 |
Residential or commercial |
A visit every 2 years |
|
Spain Golden Visa |
Residence permit |
€500,000 |
5+ months |
3 years |
For 5 years |
6 |
Residential or commercial |
None |
Benefits of Making Hungary Your Home:
Affordable Living Costs
Hungary is known for its affordability compared to other European countries. The cost of food, housing, and transportation is generally lower than in many Western European nations, despite the country experiencing double-digit inflation.
Attractive Taxation
Hungary boasts a corporate tax rate of just 9%, making it an appealing destination for company incorporation.
Rich Culture and History
With a diverse architectural heritage, numerous museums, and annual cultural events, Hungary has a vibrant culture. The country is also renowned for its thermal baths, goulash, and wines
Beautiful Scenery
Hungary’s diverse landscape includes the Danube River, rolling hills, and the Great Hungarian Plain. Outdoor activities such as hiking, cycling, and fishing are abundant.
Central Location
Situated in the heart of Europe, Hungary is ideal as a distribution hub and for travel across the continent. It serves as a gateway to Eastern Europe, with easy access to countries like Romania, Serbia, and Croatia. Belgrade’s Nikola Tesla Airport offers excellent flight connectivity to the rest of Europe with numerous daily flights.
Quality Education
Hungary has a strong educational tradition with many excellent universities and schools, particularly known for their programs in science, engineering, and medicine.
Welcoming Atmosphere
Known for its hospitality, Hungary is a friendly and welcoming country. English is widely spoken, especially in Budapest, making it easy for newcomers to settle in.
Traditional Values
According to civilizational cycles analyst Daniel Hood, Hungary serves as a “biblical safe zone,” upholding Christian values, the nuclear family structure, and conservative societal principles. This has attracted conservative figures such as American journalist and author Rod Dreher, who now resides in Budapest and advocates for introducing Hungary to American conservatives.
Affordable Living Costs
Hungary is known for its affordability compared to other European countries. The cost of food, housing, and transportation is generally lower than in many Western European nations, despite the country experiencing double-digit inflation.
Attractive Taxation
Hungary boasts a corporate tax rate of just 9%, making it an appealing destination for company incorporation.
Rich Culture and History
With a diverse architectural heritage, numerous museums, and annual cultural events, Hungary has a vibrant culture. The country is also renowned for its thermal baths, goulash, and wines
Beautiful Scenery
Hungary’s diverse landscape includes the Danube River, rolling hills, and the Great Hungarian Plain. Outdoor activities such as hiking, cycling, and fishing are abundant.
Central Location
Situated in the heart of Europe, Hungary is ideal as a distribution hub and for travel across the continent. It serves as a gateway to Eastern Europe, with easy access to countries like Romania, Serbia, and Croatia. Belgrade’s Nikola Tesla Airport offers excellent flight connectivity to the rest of Europe with numerous daily flights.
Quality Education
Hungary has a strong educational tradition with many excellent universities and schools, particularly known for their programs in science, engineering, and medicine.
Welcoming Atmosphere
Known for its hospitality, Hungary is a friendly and welcoming country. English is widely spoken, especially in Budapest, making it easy for newcomers to settle in.
Traditional Values
According to civilizational cycles analyst Daniel Hood, Hungary serves as a “biblical safe zone,” upholding Christian values, the nuclear family structure, and conservative societal principles. This has attracted conservative figures such as American journalist and author Rod Dreher, who now resides in Budapest and advocates for introducing Hungary to American conservatives.
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