Hungarian residence permit
- Grounds for obtaining a Hungarian residence permit
- Benefits of holding the Hungarian residence permit
- Requirements for permanent residence in Hungary to maintain the status: none
- Costs of residence permit acquisition
- Specifics of the procedure
- How we can help
You wanted to know more about Hungarian residence permit - we tell you.
Grounds for obtaining a Hungarian residence permit
- investments in real estate from 500,000 EUR.
- investments in government-approved investment funds from 250,000 EUR.
Benefits of holding the Hungarian residence permit
- Travel within the Schengen countries without a visa.
- Staying in Schengen countries without time limitation.
- Opening accounts in foreign banks with minimal difficulties during bank inspections.
- Ability to open companies, conduct business activities and be employed in Hungary.
- Renting out real estate and receiving passive income.
Requirements for permanent residence in Hungary to maintain the status: none
Tax residency status: can be acquired on the basis of an application in case of residence for more than 183 days per year or earlier at will.
Possibility of incurring tax liabilities must be taken into account when employing and earning income in Hungary.
Timeline of the procedure: 1-2 months.
Validity of first residence permit: 10 years.
Applicants: main investor, spouses and minor children, as well as parents (dependents).
*For parents (dependents) there may be changes until 01.07.2024.
Investment return possibility: after 5 years (with retention of residence permit status).
Costs of residence permit acquisition
The approximate cost of obtaining a Hungarian residence permit will be 290,000 euros (minimum when investing in funds).
- 40,000 EUR - fees for document verification by the competent authorities. The initial inspection until the documents are collected is free of charge.
- 250,000 EUR - minimum investment amount.
Specifics of the procedure
One-time personal presence of all applicants in Hungary is required for biometric data submission, everything else can be done remotely on the basis of a power of attorney.
Hungarian citizenship acquisition: it is possible after 8 years after obtaining residence permit. For this purpose it is necessary to reside legally in the country for at least 5 years (the basis for obtaining a residence permit), after 3 years of residence on the basis of a residence permit and passing the language proficiency test you can apply for citizenship.
How we can help
- Preparing and organizing the collection of necessary documents in the territory of the applicant's current citizenship.
- Recommendation of realtors for real estate selection.
- Accompanying the conclusion of the contract of sale of real estate and registration of the contract.
- Obtaining a residence permit for Hungary.
- Support of renting out the acquired real estate.
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