Obtaining residency in Hungary through investment funds offers an efficient path for high-net-worth individuals. This program, known as the Hungary Golden Visa, allows investors to gain legal residency in the European Union without needing to physically relocate.
In this article, we will guide you through the process, including eligibility, investment requirements, and the benefits of Hungary Golden Visa Program.
What is Hungary Golden Visa by funds investment
The Hungary Golden Visa is a government initiative launched to attract foreign capital and boost the country’s economy. While many countries offer Golden Visas primarily based on real estate purchases, Hungary provides a more diverse option through investments in financial instruments.
By investing in Hungarian investment funds, individuals can secure a residency permit without the complexities and commitments that come with purchasing property. This makes the Hungarian Golden Visa an appealing option for investors looking for a more passive and less management-intensive path to residency.
One of the key advantages of this program is the minimal involvement required from the investor. Once the investment is made, there is no need to actively manage the funds or engage in property upkeep. Moreover, this route is more liquid than real estate, as investors can withdraw their funds after the five-year holding period, providing flexibility that real estate investments often lack.
Eligibility criteria
For main investors. The Hungary Golden Visa through investment funds is designed for non-EU nationals who are seeking a way to secure European residency. To be eligible, applicants must:
- have health insurance;
- possess sufficient financial resources.
Hungary’s immigration authorities conduct background checks to ensure that applicants meet the program’s standards, which are primarily based on legal and financial criteria.
Applicants must provide proof of the legality of their funds. Hungarian authorities place a strong emphasis on verifying that the money used for the investment comes from a legitimate source, free from any illegal activities.
For family members. The primary applicant can include family members, such as a spouse and dependent children under the same residency permit, allowing for the whole family to benefit from the program.
Additionally, although there is no mandatory physical residence requirement, applicants are expected to maintain a legal residence in Hungary, such as through renting or owning a property.
Investment requirements
Understanding the financial commitment is crucial before applying for the Hungary Golden Visa. The investment amount is set at a minimum of $250,000. This sum must be placed in a government-approved investment fund, which may include options like mutual funds, bond funds, or other diversified portfolios. The funds are generally low-risk and managed by licensed financial institutions.
In addition to the investment itself, applicants must cover administrative costs and processing fees. These fees are non-refundable, and they cover the cost of processing the application, background checks, and administrative tasks.
Investors must hold their investment for at least five years, after which they can liquidate their assets without losing their residency status. During the five-year period, the investment remains under the control of the financial institution, but investors may receive returns, depending on the performance of the fund.
How to invest in funds and get Hungary residency
Investing in Hungary’s funds and obtaining residency requires a systematic approach. Here’s a more detailed breakdown of the process:
- Consultation with experts. Before making any financial decisions, it’s essential to consult with professionals who specialise in the Hungary Golden Visa program. They can help investors select the best investment fund that meets the program’s requirements.
- Applying for the Guest Investor Visa. The Guest Investor Visa allows a stay of up to six months. During this period, the investor is required to visit Hungary, complete the investment, and apply for a residence permit.
- Travelling to Hungary and fulfilling the investment condition. The investor must travel to Hungary under the Guest Investor Visa and complete the investment within three months. This can be achieved by purchasing fund units, real estate, or making a donation to a higher education institution.
- Applying for a Hungary residence permit. Once the investment requirements are satisfied, the investor may apply for a residence permit. This can be done in person at the regional office of the National Directorate-General for Aliens Policing or online via the Enter Hungary platform.
- Submitting biometrics and getting a residence permit card. The investor must then attend a scheduled appointment at the migration office to present their passport and original documents, provide biometric data, and have a photograph taken for the residence permit card. The residence permit card is issued and mailed to the investor’s specified address within 21 days.
- Receive residence permit card. Upon approval, investors will be granted a Hungarian residence permit, allowing them to live and travel within the country and the Schengen Area.
Benefits of a Hungary Residence Permit
Obtaining a Hungarian residence through investment funds offers numerous advantages for individuals and families seeking stability and opportunities in Europe. Here are some of the key benefits:
- Schengen Area access: visa-free travel within the Schengen Area.
- family Inclusion: covers family members, including spouses and children.
- business opportunities: Hungary provides an attractive environment for investors.
- healthcare and Education: access to Hungary’s high-quality healthcare and educational institutions.
- pathway to citizenship: a residence permit can lead to permanent residency and eventually citizenship.
Conclusion
Hungary’s Golden Visa through investment funds is an accessible and flexible option for securing European residency. It provides investors with a clear pathway to residency without the need for managing property, making it ideal for those who prefer a more passive investment approach. With the possibility of including family members, no mandatory physical stay, and a pathway to permanent residency or citizenship after five years, this program offers a highly attractive option for high-net-worth individuals.
