Program Introduction and Launch Timeline
Hungary is gearing up to introduce its Guest Investor Visa, a real estate-focused golden visa program. Initially proposed to start in September 2023, the program’s launch has been rescheduled to July 1st, 2024, following an update in the final bill draft. This move allows the Hungarian immigration department to prepare its online platforms for the comprehensive changes impacting the country’s immigration system.
Investment Requirements and Options
The program’s investment criteria remain as initially proposed. Qualifying options include investing EUR 250,000 in real estate fund certificates, EUR 500,000 directly in residential real estate, or donating EUR 1 million to support educational and creative activities. These diverse investment avenues open doors for a wide range of global investors seeking residency in Hungary.
Government Regulations and Property Guidelines
The Hungarian government will issue a decree outlining specific regulations for the program, including property eligibility guidelines. The nature of these guidelines, as noted by immigration experts, will be crucial for investors considering this route. Key Gains Immigration is committed to keeping clients informed on these developments.