The Hungarian Parliament has introduced several amendments to the "Golden Visa" program, effective May 11, 2023, ahead of the official program launch on July 1, 2024.
New updates to Hungary's "Golden Visa" program
What is known, what timeframes to focus on and – most importantly – are there any restrictions?
Key Changes
Investor Invitation Visa
Applying for an investor invitation visa now grants eligibility to participate in the "Golden Visa" program.
The investment period after receiving the visa has been reduced from 2 years to 6 months.
Real Estate Investments
Properties purchased from January 1, 2025, onwards are eligible for the program.
Until January 1, 2025, only real estate fund shares or donations are accepted for investment.
Fund Investments
Only real estate fund managers listed as qualified market operators can participate in the program.
The list of qualified market operators is curated by the Office for the Protection of the Constitution.
Due to the time needed to compile this list, the fund investment option will become available after July 1, 2024.
Context
Hungary's "Golden Visa" program starts on July 1, 2024, allowing a 20-year residency with one of the following investments:
Purchase of investment shares worth €250,000.
Purchase of government bonds worth €500,000.
Donation of €200,000.
Investment in a real estate fund worth €250,000.
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