Published at: 09/02/2024 08:27 am
Hungary launched the new residency by investment or Golden Visa Program in 2024. The new solution for "guest investors" to live in an EU country differs from the old Hungarian Residency Bond Program, which closed in 2017.
First of all, the investment type and amount changed. During the previous residency by investment program, the applicants had to invest 300,000 euros in the so-called residency bonds issued by the state with a five-year maturity. Under the New Hungarian Golden Visa Program 2024 has two main investment options:
Another critical difference is that the applicants received permanent resident status under the residency bond program. Meanwhile, under the new Golden Visa Program, successful applicants receive a renewable residency permit for ten years.
Another essential issue is the length of the investment. During the residency bond program, the bonds had a five-year maturity, and the new Golden Visa holders must also maintain the investment asset under the new scheme for five years.
The processing time of the new Guest Investor residency by investment program is three months, a swift solution in Europan comparison.
What are the typical advantages of the Hungarian residency by investment program?
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